American Fire Retardant Corp. Announces Contract for Parrish Medical Center.

Business Editors

SAN DIEGO--(BUSINESS WIRE)--April 23, 2002

American Fire Retardant Corp. (OTCBB:AFRC) (www.americanfireretardant.com), a fire protection company that specializes in fire prevention and fire containment, announced today that the company has begun fire proofing services for the Parrish Medical Center located in Titusville, Fla.

Parrish Medical Center is a 210-bed acute care hospital fully accredited by the Joint Commission on Accreditation of Healthcare Organizations (JCAHO). PMC maintains the distinction of being Brevard County's only acute care hospital to earn the highest rating from the nation's top health care accrediting organization. Because of its location, sophistication and medical capabilities, Parrish Medical Center is the designated primary emergency medical receiving facility for Kennedy Space Center shuttle crews and ground support personnel.

"The state of Florida has been a great source of revenue for American Fire Retardant Corp. The name recognition in the field of fire retardant and fire stop technology continues to grow throughout the state," stated American Fire Retardant Corp. President Stephen Owens.

"We are anticipating beginning other jobs throughout Florida in the very near future," added Owens.

According to the National Fire Protection Agency (NFPA) 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 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.

Presently, the company's total issued shares equal 37 million.

Safe Harbor 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.