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Microcap & Penny Stocks : American Fire Retardant (AFRC)

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To: leigh aulper who started this subject1/7/2002 8:26:53 AM
From: leigh aulper   of 10
 
American Fire Retardant Corp. Announces Three New Contracts, Including Fire Protection Services for the Fresno Yosemite International Airport
SAN DIEGO--(BUSINESS WIRE)--Jan. 7, 2002--American Fire Retardant Corp. (OTCBB:AFRC - news), (www.americanfireretardant.com) a fire protection company that specializes in fire prevention and fire containment announced today that the Company has been awarded three new contracts for fire protection services. The newly awarded contracts include the Fresno Yosemite International airport located in Fresno, California; the El Monte Aquatic Center located in El Monte, California; and the Washington Boulevard Performing Arts Center located in Los Angeles, California.

The Company has also indicated that they are finalizing the manufacturing process for their new fire retardant aerosol product, (Fyberix(TM) 2000-V) for the week of January 21st.

``We expect to see great response in the marketplace for this innovative product. Early indications lead us to believe that our Fyberix(TM) 2000-V aerosol cans will not only help American Fire Retardant Corp. generate significant revenues, but also help us achieve profitability in 2002,'' stated American Fire Retardant Corp. President Stephen Owens.

``We expect 2002 to be the best year in the history of our company,'' added Owens.

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.

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.
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