Printer Friendly

FLAMEMASTER INCREASES STAKE, AND IN JOINT VENTURE WITH PERFECTDATA CORP.

 SUN VALLEY, July 23 /PRNewswire/ -- The Flamemaster Corp. (NASDAQ-NMS: FAME), and its affiliates have increased their stake in Perfectdata Corp. (NASDAQ: PERF) to 833,500 shares, or about 24.4 percent of the outstanding. In its amended Form 13-D filing with the Securities and Exchange Commission, Flamemaster indicated that it purchased the additional shares of Perfectdata in open market transactions at prices ranging from $1.20 to $1.38 per share. The filing further indicated that the shares were purchased for investment purposes.
 Joseph Mazin, Flamemaster's chief executive officer, stated that Flamemaster plans to introduce several cleaning and maintenance product lines to be marketed worldwide by Perfectdata Corp. to the commercial, industrial and home-use markets.
 Perfectdata Corp. based in Simi Valley, Calif., designs and markets a broad line of computer, office care and maintenance products and accessories.
 Flamemaster Corp. is a specialty chemicals manufacturer of sealants, adhesives and coatings with interests in packaging and metal fabrication. Neither Flamemaster nor Perfectdata have any outstanding debt and both have strong balance sheets.
 -0- 7/23/93
 /CONTACT: Joseph Mazin, president of Flamemaster, 818-982-1650, or 213-875-1590/
 (FAME PERF)


CO: Flamemaster Corp.; Perfectdata Corp. ST: California IN: CHM CPR SU: JVN

BP-EH -- LA009 -- 5169 07/23/93 12:41 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 23, 1993
Words:206
Previous Article:DANKA WILL REPORT RESULTS FOR THE JUNE 30 QUARTER
Next Article:GREAT WESTERN DECLARES DIVIDEND
Topics:


Related Articles
INCREASED STAKE IN PERFECTDATA CORP. MAY SEEK CONTROLLING INTEREST
FLAMEMASTER DECLARES QUARTERLY CASH DIVIDEND
INCREASED STAKE IN PERFECTDATA CORP.
THE FLAMEMASTER CORP. RELEASES FISCAL YEAR END EARNINGS
Flamemaster Corporation Receives SEC 'No Action' Letter to Become First Nasdaq NMS Company to Trade Stock on Internet; Increases Dividend.
Flamemaster Reports 1st Quarter Earnings of $.05 Per Share.
Flamemaster's President & CEO, Joseph Mazin, Interviewed By WallStreetReporter.com.
Flamemaster Dividend Increased By 6.7%; Declares 43rd Consecutive Quarterly Cash Distribution.
FIRMS SETTING MERGER TERMS; PERFECDATA TO JOIN PEGO.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters