American Fire Retardant Corp. Announces Commitment for 2,000,000 Aerosol Cans of Fyberix 2000-V
SAN DIEGO--(BUSINESS WIRE)--Dec. 10, 2001--American Fire Retardant Corp. (OTCBB:AFRC - news),(www.americanfireretardant.com), a fire protection company that specializes in fire prevention and fire containment for the safety of lives in our community announced today that they have received a letter of commitment to sell 2,000,000 cans of their new aerosol product, Fyberix(TM) 2000-V, to Universal Alliance Inc., a Nevada Corporation.
After reviewing the product, content and value proposition of the new line of aerosol cans being manufactured by American Fire Retardant Corp., Universal Alliance Inc. announced today their commitment to purchase 1,000,000 units (2 cans per unit) of this new product and distribute it through their exclusive lines of distribution. This product will be distributed in a 20 oz. aerosol can with a manufacturer's suggested retail price (MSRP) of $29.95 and will be purchased from American Fire Retardant for $7.99 per can.
``We will begin moving these products beginning in early 2002 and anticipate that this will be a long and prosperous relationship between UA and AFRC,'' stated James R. Wheeler, CEO of Universal Alliance. According to Wheeler, this operation will be in full swing within 120 days.
Fyberix(TM) 2000-V is a product that is applied to fabrics, such as mattresses, drapes, and upholstery and makes them flame retardant. This product, formally available only for commercial application, provides for the safety of homes and lives from fire. In addition to this product flame-retarding fabric, it is also a disinfectant that inhibits bacterial, viral and fungal growth, and finally it is a soil and stain release. Each 20-oz aerosol can is able to cover up to 50 square feet and is non-toxic and earth friendly.
``American Fire Retardant's goal and objective concurrent to building shareholder value is to achieve industry dominance with our products and technology in North America and abroad,'' stated American Fire Retardant Corp. President Stephen Owens.
This new product commitment with Universal Alliance Inc. will bring over $15,000,000 in new revenues for the year 2002 for American Fire Retardant Corp. We are also in the process of negotiations with many large retail chains, which will be announced in the near future.
According to the National Fire Protection Agency (NFPA) a fire occurs somewhere in the United States every 18 seconds, resulting in an injury every 23 minutes and a death every 130 minutes. |
