American Fire Retardant Corp. Announces Fire Protection Services Contract for Miami International Airport.Business Editors SAN DIEGO--(BUSINESS WIRE)--Jan. 24, 2002 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, announced today that the Company has been verbally awarded a contract for fire protection services at the Miami International Airport Miami International Airport (IATA: MIA, ICAO: KMIA, FAA LID: MIA) is a public airport located eight miles (13 km) northwest of the central business district of Miami, in unincorporated Miami-Dade County, Florida, United States. . The value of this contract is in excess of six hundred thousand dollars. The Miami-Dade Aviation Department is accelerating one of the largest construction programs to meet the passenger and cargo traffic growth at Miami International Airport. Additional details of construction and development plans can be seen by visiting: www.miami-airport.com. "While we are very excited about our newly developed aerosol product, Fyberix 2000-V, we are also very committed to the growth and profitability of our business on the industrial side. Being awarded a contract for fire protection services at the Miami International Airport furthers the strong name we are developing throughout the country," stated American Fire Retardant Corp. 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. Raoul L. Carroll. 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. Fyberix(TM) 2000-V is a product that is applied to fabrics, such as mattresses, drapes, 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 16-oz. aerosol can is able to cover up to 40 square feet and is non-toxic and earth friendly. 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 Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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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