American Fire Retardant Corp. Signs Letter of Intent With Tri-Star Capital Investments Inc. to Raise $2 Million.Business Editors SAN DIEGO--(BUSINESS WIRE)--Feb. 14, 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 Tri-Star Capital Investments Inc. has signed a letter of intent to raise 2 million dollars in capital to assist in the capitalization and development of AFRC. Tri-Star Capital Investments Inc. has an extensive background with large investors as well as institutions and will structure these investors for American Fire Retardant Corp. "This financing will serve as a bridge until the efforts by M. R. Beal are realized and the revenues from the aerosol cans begin being received," 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 Carroll. 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 its products and technology in North America and abroad. 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 risk 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 that Universal Alliance will continue to purchase Fyberix 2000-V beyond its initial order. |
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