American Fire Retardant Reiterates Non-Use of PBDE Chemical.Business Editors SAN DIEGO--(BUSINESS WIRE)--Sept. 29, 2003 American Fire Retardant Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AFRR AFRR Alpha Frame Rate Reduction AFRR Air Force Recognition Ribbon AFRR Associação Fluminense de Radioamadorismo e Rádio do Cidadão (Portugese) ) today reiterated the fact that they do not and never have used PBDE PBDE Polybrominated Diphenyl Ether PBDE Pentabromodiphenyl Ether (flame retardant additive in plastics) PBDE Parallel Block-Decodable Encoder chemicals in their fire retardants. Several forms of PBDE, a chemical fire retardant commonly used in foam furniture called polybrominated diphenyl diphenyl /di·phen·yl/ (di-fen´il) a toxic compound comprising two linked benzene rings, used as a fungistat in containers for shipping citrus fruits. di·phen·yl n. See biphenyl. ether, were banned this summer by California, with the ban taking effect in 2008. Stephen F. Owens, President of AFRC AFRC Air Force Reserve Command (formerly AFRES) AFRC Armed Forces Revolutionary Council (Sierra Leone) AFRC Agricultural and Food Research Council (United Kingdom) , says, "As we stated in our January 31, 2003 press release, we have never used PBDE chemicals in our fire retardant products and we do not advocate their use. We are issuing this press release to assure our shareholders that this ban has no effect on our company because it has never been part of our formulas." Mr. Owens concluded by saying, "All of our products are non-toxic and are environmentally friendly, including TreeSafe, which will be available this Christmas season for consumers to protect their Christmas trees from fire." About American Fire Retardant Corp. American Fire Retardant Corp. (OTCBB:AFRR) (www.americanfireretardant.com) is in the business of developing, manufacturing and marketing a line of interior and exterior fire retardant products. American Fire Retardant Corp. also designs new technology for future fire resistive resistive /re·sis·tive/ (re-zis´tiv) pertaining to or characterized by resistance. 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 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 Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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