American Fire Retardant Corp. Announces Commitment for 2,000,000 Aerosol Cans of Fyberix 2000-V.Business Editors SAN DIEGO--(BUSINESS WIRE)--Dec. 10, 2001 American Fire Retardant fire retardant Public health A chemical used to resist combustion, which may contain polybrominated biphenyls and antimony oxide Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AFRC AFRC Air Force Reserve Command (formerly AFRES) AFRC Armed Forces Revolutionary Council (Sierra Leone) AFRC Agricultural and Food Research Council (United Kingdom) ),(www.americanfireretardant.com), a fire protection company that specializes in fire prevention and fire containment for the safety of lives in our community announced today that they have received a letter of commitment to sell 2,000,000 cans of their new aerosol product, Fyberix(TM) 2000-V, to Universal Alliance Inc., a Nevada Corporation A Nevada Corporation is a corporation chartered under the laws of the U.S. state of Nevada. Nevada, like the state of Delaware (See Delaware corporation), is well known as a corporate haven. . After reviewing the product, content and value proposition of the new line of aerosol cans being manufactured by American Fire Retardant Corp., Universal Alliance Inc. announced today their commitment to purchase 1,000,000 units (2 cans per unit) of this new product and distribute it through their exclusive lines of distribution. This product will be distributed in a 20 oz. aerosol can with a manufacturer's suggested retail price (MSRP MSRP Manufacturer's Suggested Retail Price MSRP Message Session Relay Protocol MSRP Multi-Species Recovery Plan (US Fish & Wildlife Service) MSRP Member of the Society for Radiological Protection (UK) ) of $29.95 and will be purchased from American Fire Retardant for $7.99 per can. "We will begin moving these products beginning in early 2002 and anticipate that this will be a long and prosperous relationship between UA and AFRC," stated James R. Wheeler, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Universal Alliance. According to Wheeler, this operation will be in full swing within 120 days. Fyberix(TM) 2000-V is a product that is applied to fabrics, such as mattresses, drapes drape v. draped, drap·ing, drapes v.tr. 1. To cover, dress, or hang with or as if with cloth in loose folds: draped the coffin with a flag; a robe that draped her figure. , and upholstery and makes them flame retardant. This product, formally available only for commercial application, provides for the safety of homes and lives from fire. In addition to this product flame-retarding fabric, it is also a disinfectant that inhibits bacterial, viral and fungal growth, and finally it is a soil and stain release. Each 20-oz aerosol can is able to cover up to 50 square feet and is non-toxic and earth friendly. "American Fire Retardant's goal and objective concurrent to building shareholder value is to achieve industry dominance with our products and technology in North America and abroad," stated American Fire Retardant Corp. President Stephen Owens. This new product commitment with Universal Alliance Inc. will bring over $15,000,000 in new revenues for the year 2002 for American Fire Retardant Corp. We are also in the process of negotiations with many large retail chains, which will be announced in the near future. According to the National Fire Protection Agency (NFPA NFPA National Fire Protection Association NFPA National Food Processors Association NFPA National Fluid Power Association NFPA National Federation of Paralegal Associations (Edmonds, WA) ) a fire occurs somewhere in the United States every 18 seconds, resulting in an injury every 23 minutes and a death every 130 minutes. About American Fire Retardant Corp. American Fire Retardant Corp. is in the business of developing, manufacturing and marketing a line of interior and exterior fire retardant chemicals. The company provides fire resistive resistive /re·sis·tive/ (re-zis´tiv) pertaining to or characterized by resistance. finishing services through its "Textile Processing Center" for commercial users. American Fire Retardant Corp. also designs new technology for future fire resistive applications that are being mandated by local, state and governmental agencies. Additionally, the company is active in the construction industry as sub-contractors for fire stop and fire film installations. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. for Forward-Looking Statements: Except for historical information contained herein, the statements in this new release are forward-looking statements that involve risks and uncertainties and are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risk and uncertainties, which may cause the Company's actual results in the future periods to differ materially from forecasted results. |
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