American Fire Retardant Corp. Announces Wal-Mart Contract Valued at Over Three Hundred Thousand Dollars.Business Editors SAN DIEGO--(BUSINESS WIRE)--Sept. 5, 2001 American Fire Retardant 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) ), a fire protection company that specializes in fire prevention and fire containment, announced today that the Company has been awarded a contract for fireproofing fireproofing, method of making normally combustible materials as nearly noncombustible as possible. Fireproofing generally applies to textiles and construction materials that are treated with a solution or coating of some substance that will tend to retard their services at Wal-Mart Stores (NYSE NYSE See: New York Stock Exchange :WMT (Windows Media Technologies) See Windows Media. ) located in Coral Springs Florida. The value of this contract is approximately three hundred twenty-five thousand dollars. "This is just one of many contracts that have helped us build our name recognition in the field of fire retardant and fire stop technology," stated American Fire Retardant Corp. Stephen Owens. 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. "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," added Owens. "We are in the process of some new testing and developments that could dramatically increase our growth." 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 and provides fire resistive resistive /re·sis·tive/ (re-zis´tiv) pertaining to or characterized by resistance. finishing services through the company's "Textile Processing Center" for commercial users. The company also designs new technology for future fire resistive applications that are being mandated by local, state and governmental agencies and is active in the construction industry as sub-contractors for fire stop and fire film installations. Safe Harbor 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 risks and uncertainties, which may cause the Company's actual results in the future periods to differ materially from forecasted results. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion