American Fire Retardant and American Safety Products Announce Agreement with Samaritan Healthcare Systems.

SAN DIEGO -- American Safety Products, a division of American Fire Retardant Corp. (OTCBB:AFRT), announced today that they have signed an agreement with Samaritan Healthcare Systems Inc. to introduce the GLOVEBOX(R) to the U.S. healthcare community.

Samaritan Healthcare Systems was founded in 1990 by a group of healthcare professionals who recognized the change starting to take place in the development of healthcare programs into a managed care system. This revolution in the healthcare industry, which had taken root on the West Coast, was moving east. By 1992, Samaritan was well positioned to seize opportunities as the debate of the elections of 1992 heated regarding the model for healthcare reform that would be taking place in the future.

Samaritan Healthcare has a number of major clients, including the AFL-CIO and a number of Fortune 500 companies. The principal consultant for Samaritan Healthcare, Joseph P. O'Connor, has been actively involved in the healthcare industry - in both the private and public sectors - for over 20 years. He is the founder and president of Samaritan Healthcare Inc., a consulting organization, and he also serves as the liaison to the Catholic Diocese of New York for healthcare issues. He was the chief executive officer of American MedCare Inc. and a former deputy commissioner of Health and Hospital for the city of New York, the largest municipal hospital system in the country. He has been a Ford Foundation Fellow and served as a consultant to the President's Task Force on National Healthcare and to the state of New York and city of New York on healthcare reform.

O'Connor said: "I am honored and excited to be associated with American Safety Products, American Fire Retardant and the GLOVEBOX(R). This is a product that is needed in all hospital and healthcare facilities and we at Samaritan Healthcare will do our part to establish distribution in the United States."

About American Fire Retardant Corp.

American Fire Retardant Corp. (OTCBB:AFRT) - 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 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 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.