Printer Friendly

FLAMEMASTER ANNOUNCES 150,000 SHARE BUYBACK OR ABOUT 9 PERCENT OF THE OUTSTANDING

 SUN VALLEY, Calif., July 8 /PRNewswire/ -- The Flamemaster Corp. (NASDAQ-NMS: FAME) reported that its board of directors declared a regular quarterly cash dividend of $.03 per share to be paid on Aug. 18, 1993 to shareholders of record July 30, 1993.
 Joseph Mazin, Flamemaster's chief executive officer, also stated that the board of directors of Flamemaster at their regular meeting held on July 7, 1993, authorized the purchase of an additional 150,000 shares of the company's common stock, or about 9 percent of the outstanding. Mazin further announced that the purchases will be made from time to time in open market, or private transactions and will be funded from cash surplus. The company has no outstanding debt and a very strong balance sheet.
 The Flamemaster Corp. is a specialty chemicals manufacturer of high performance sealants, adhesives and coatings with interests in packaging and metal fabrication. The company has recently announced that Flamemaster and its affiliates have acquired more than 16.9 percent of Perfectdata Corp. (NASDAQ: PERF).
 -0- 7/8/93
 /CONTACT: Joseph Mazin, president and CEO of The Flamemaster Corp., 818-982-1650, or 213-875-1690/
 (FAME)


CO: The Flamemaster Corp. ST: California IN: CHM SU: DIV

MF-BP -- LA017 -- 9915 07/09/93 12:31 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jul 9, 1993
Words:205
Previous Article:CITIZENS NATIONAL CORPORATION REPORTS RESULTS
Next Article:ANDOVER TOGS INC. REPORTS SECOND QUARTER RESULTS
Topics:


Related Articles
THE FLAMEMASTER CORP. DECLARES QUARTERLY DIVIDEND
INCREASED STAKE IN PERFECTDATA CORP. MAY SEEK CONTROLLING INTEREST
FLAMEMASTER DECLARES QUARTERLY CASH DIVIDEND
INCREASED STAKE IN PERFECTDATA CORP.
FLAMEMASTER'S BOARD DECLARES 29TH CONSECUTIVE QUARTERLY CASH DIVIDEND
Flamemaster Corp. 3rd Quarter (June 30, 1996) Earnings Release
Flamemaster Corporation Receives SEC 'No Action' Letter to Become First Nasdaq NMS Company to Trade Stock on Internet; Increases Dividend.
Flamemaster 1996 Fiscal Year End Earnings Release
Flamemaster Corporation's 1st Quarter (December 31, 1997) Earnings Rise on 25% Jump in Revenue
2nd Quarter (March 31, 1998) Earnings Rise 57.8% on 16.3% Gain in Revenue

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters