American Fire Retardant Corp. Awarded Contracts in Excess of $750,000.Business Editors SAN DIEGO--(BUSINESS WIRE)--June 21, 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, in the last thirty days, the company has been awarded contracts 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 that are valued in excess of seven hundred fifty thousand dollars. "We believe our company has gained national recognition in the field of fire retardant and fire stop technology. Because of the company's involvement in assisting to educate the fire law enforcement, the American Fire Retardant has received many referrals for its fire stop services," stated Owens. In addition to the Sheraton Hotel contract of $281,399, other clients of American Fire Retardant included in these contracts are: Nieman Marcus and the Salvation Army. 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. The statistical data obtained through the United States Fire Administration The United States Fire Administration (USFA) is a division of the Federal Emergency Management Agency, which in turn is managed by the Department of Homeland Security (DHS). The U.S. (USFA USFA United States Fire Administration USFA United States Fencing Association USFA United Supplement Freedom Association, Inc. USFA United States Fastpitch Association USFA United States Fire Arms USFA US Flight Academy USFA US Financial Advisors ) and the Consumer Product Safety Commission (CPSC CPSC Consumer Product Safety Commission (US) CPSC Computer Science (course) CPSC Canadian Plastics Sector Council (Ottawa, ON, Canada) CPSC Chemical Processing Safety Committee ), reflects that in 1998 alone, there were over 381,500 residential fires, 3,250 deaths and 17,175 injuries, which caused in excess of $4.4 billion dollars in damages. "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. 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 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: This press release contains forward-looking statements. Such statements are based on the current expectations and beliefs of management and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in forward-looking statements. |
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