American Fire Retardant Corp. Announces Completion of Acquisition of Assets of National Certified Fire Retardant Inc.Business Editors SAN DIEGO--(BUSINESS WIRE)--Feb. 24, 2004 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). :AFRR AFRR Alpha Frame Rate Reduction AFRR Air Force Recognition Ribbon AFRR Associação Fluminense de Radioamadorismo e Rádio do Cidadão (Portugese) ) announced today that they have completed their purchase of the assets of National Certified Fire Retardant Inc., a fire retardant paint and varnish manufacturer. NCFR NCFR National Council on Family Relations NCFR National Center on Child Fatality Review NCFR Narrow Cold-Frontal Rainband NCFR National Commission for Refugees NCFR National Community Radio Forum NCFR Nassau County Fire Rescue NCFR Non-Conventional Feed Resources is located in Huntington Beach, Calif. The final payment for the purchase was made last week and the assets of NCFR are now owned by AFRC AFRC Air Force Reserve Command (formerly AFRES) AFRC Armed Forces Revolutionary Council (Sierra Leone) AFRC Agricultural and Food Research Council (United Kingdom) . Stephen F. Owens, president of American Fire Retardant Corp., said, "We are very pleased and proud to add these outstanding fire-retardant paints and varnishes to our existing inventory of fire-retardant products. We have put into place new marketing strategies for increasing the sales of these products and our own existing products." Joe Fritsch, the owner of NCFR said, "I am looking forward to my retirement and being able to travel as I wish. I am happy that a well-respected fire-retardant company such as American Fire Retardant Corp. purchased my products and are going to work hard to increase their sales and I wish them well." Owens concluded by saying, "With these new marketing strategies, we look forward to a marked improvement in our sales for the coming year." About American Fire Retardant Corp. American Fire Retardant Corp. (OTCBB: AFRR - www.americanfireretardant.com), is in the business of developing, manufacturing and marketing a line of interior and exterior fire retardant products. American Fire Retardant Corp. also designs new technology for future fire resistive resistive /re·sis·tive/ (re-zis´tiv) pertaining to or characterized by resistance. 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 news 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 risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from forecasted results. |
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