American Fire Retardant Corp. Board of Directors Authorizes To Effect Shareholder's Previously Approved Reverse Stock Split.Business Editors SAN DIEGO--(BUSINESS WIRE)--Sept. 9, 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) ) today announced that the company's board of directors has authorized to effect a previously approved reverse stock split. A 1:10 reverse split was previously voted on and approved at the company's annual meeting in May 2002 by shareholders. The effective date of the reverse spit is scheduled to be Sept. 12, 2002 with a new trading symbol Trading symbol See: Ticker symbol of (OTCBB:AMFR AMFR Autocrine Motility Factor Receptor ) to be assigned to the company. 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. For a list of products available for purchase please visit the company's Web site at www.3in1hero.com. 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. There can be no assurance as to the effect a reverse stock split will have on the company. |
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