American Fire Retardant Corp. Comments on Proposed Legislation.Business Editors SAN DIEGO--(BUSINESS WIRE)--Aug. 10, 2001 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) ), a fire protection company that specializes in fire prevention and fire containment announced today that the Company is strongly in favor of the recently proposed legislation in the state of California. Assembly Bill 603, introduced by State Assemblyman John Dutra sailed through the State Assembly virtually unopposed and through the Senate by an overwhelming 28-5 vote on July 20. The bill states that if bedding is found to contribute to mattress fires by the California Bureau of Home Furnishings and Thermal Insulation The term thermal insulation can refer to materials used to reduce the rate of heat transfer, or the methods and processes used to reduce heat transfer. Heat is transferred from one material to another by conduction, convection and/or radiation. (BHFTI), then it should be "resistant to an open flame." "If Governor Gray Davis decides to sign this bill into law, the effect this legislation will have for our business enormous," stated American Fire Retardant Corp. President Stephen Owens. "I strongly believe that California's lead in the area of fire proofing and fire retardants will have a domino effect throughout the country," added Owens. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. 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 residential fire problem represents approximately 80 percent of all fire deaths and 74 percent of the injuries to civilians. Fire is the third leading cause of accidental death in the home. The true cost of fire in the United States is much greater than just the value of property destroyed by fire, perhaps as high as billions per year. 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. 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 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. |
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