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THE FLAMEMASTER CORP. DECLARES QUARTERLY DIVIDEND

 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 -- LA023 -- 9591 07/08/93 15:13 EDT
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Publication:PR Newswire
Date:Jul 8, 1993
Words:205
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