Flame Seal Products' Sales Commitments Now Exceeding the $1 Million Mark, with Another $1.7 Million Eminent.Update from the PresidentO HOUSTON -- After a brief slow-down during the Holidays, progress resumed with Flame Seal Products' continuing development of its new focus on OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and accounts reaching the $1 million mark. As stated by the President, Michael Kiser, in recent interviews, this takes the Company past its BEP BEP Black Eyed Peas (band) BEP Brevet d’Études Professionnelles (French: vocational qualification) BEP Business Entry Point BEP Break-Even Point BEP Bit Error Probability BEP Bureau of Engraving & Printing to profitability for the coming year. Flame Seal is currently working with 25 Companies representing aerospace, furniture, wood, paper, fabric, leather, Oil Rigs, Log Homes, Foam Materials, Plastics, Building Materials Building materials used in the construction industry to create . These categories of materials and products are used by and construction project managers to specify the materials and methods used for . , and Containers. Contracts and firm commitments are secured for $1 million in sales for the next 12 months. Among the above noted 21 Companies, 3 have verbally committed to another $1.7 million contingent upon Adj. 1. contingent upon - determined by conditions or circumstances that follow; "arms sales contingent on the approval of congress" contingent on, dependant on, dependant upon, dependent on, dependent upon, depending on, contingent Flame Seal's performance. It is anticipated that these will be "in hand" firm commitments in 30-60 days, as all have stated the need for a June start date. (These 3 clients represent "annual" sales of over $3.7 million. $1.7 million is projected for 2007 based on the June start dates.) More will be announced as details develop. Larger accounts are also in latter stages of development, representing significant additional sales for this year. From the President, Michael Kiser, to all Shareholders: "As you can see, these are exciting times, as well as trying times for Flame Seal, as we are being tested to the limit, but rest assured, we are up to the task! Since our OEM program is developing so smoothly, we are also on schedule to bring aboard new, high performance management personnel, as well as efficient automation systems, as discussed in previous news releases and interviews. A lot of what is happening to Flame Seal is due to the fact that we are finally becoming recognized by our reputation as innovators, as well as being recommended by leaders of industry as well as testing and regulatory agencies. We will work diligently to take full advantage of our growing presence in this work, and to keep you, the stockholders, informed. More news shortlyO" Michael Kiser BACKGROUND: FLAME SEAL PRODUCTS, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (FLMP FLMP Fuzzy Logical Model of Perception (psychology, artificial intelligence) FLMP Form, Line, Major Peril (Numeric ID of type of policy, type of risk and coverages included) FLMP Flip Chip Leaded Molded Package ) became a public company and began trading March 27, 2000 on the OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). (Non-BB "Pink Sheets") stock market. Flame Seal Products, Inc. is the Transfer Agent of record. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion