FAME
Flamemaster Earnings Rise by More Than 37% to a Record $.74 Per Share On 10%
Gain in Revenue for Fiscal Year 2000
SUN VALLEY, Calif., Dec 21, 2000 /PRNewswire via COMTEX/ -- Flamemaster
Corporation (Nasdaq: FAME), reported net income of $ 1,190,722 on revenues of
$5,166,286 for the year ended September 30, 2000. In the prior year earnings
were $876,396 on revenues of $4,679,695. Per share results were $.74 basic and
$.71 fully diluted in 2000 vs. $.54 basic and $.52 fully diluted in 1999. The
increase in net income this year represents the 3rd year in a row of better than
35% earnings gains.
For the 4th quarter net income jumped by 10% to $202,146 on revenues of
$1,055,299 compared to net of $183,939 on revenues of $1,068,855 in the 1999
quarter. Per share results for the quarter were $.13 basic and $.12 fully
diluted vs. $.12 basic and $.11 fully diluted in 1999.
Revenues and earnings expanded during the year as The Company benefited from
greater investment income.
Flamemaster Corporation is a specialty chemical manufacturer servicing the
aerospace and defense industries with high performance aircraft sealants and
coatings. Flamemaster Continues to hold a significant interest in PerfectData
Corporation (Nasdaq: PERF) and modest stakes in several other companies
including Cohesant Technologies, The Hartcourt Companies (OTC Bulletin Board:
HRTC), International Airline Support Group, (AMEX: YLF), Kellstrom Industries,
(Nasdaq: KELL), Rexhall Industries Inc., (Nasdaq: REXL), and an extensive
investment portfolio.
The release herein may contain or identify a forward-looking statement. These
statements are based on a number of assumptions and estimates which are
inherently subject to uncertainty and contingencies, many of which are beyond
the control of the Company and reflect future business decisions which are
subject to change.
FLAMEMASTER CORPORATION
12 Months 12 Months Three Months Three Months
Fiscal Year Fiscal Year Ended Ended
09-30-2000 09-30-1999 09-30-2000 09-30-1999
Revenues $ 5,166,286 $ 4,679,695 $ 1,055,299 $ 1,068,855
Income before taxes 1,937,289 1,465,826 294,611 340,051
Income taxes 746,567 589,430 92,465 156,112
Net income 1,190,722 876,396 202,146 183,939
Net income per share $ .74 $ .54 $ .13 $ .12
For further information please contact Joseph Mazin, President & CEO of
Flamemaster Corporation, 818-982-1650, fax, 818-765-5603,
flamemaster@cyberhotline.com, www.flamemaster.com.
SOURCE Flamemaster Corporation
CONTACT: Joseph Mazin, President & CEO of Flamemaster Corporation,
818-982-1650, fax, 818-765-5603, flamemaster@cyberhotline.com
URL: flamemaster.com
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(C) 2000 PR Newswire. All rights reserved.
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KEYWORD: California
INDUSTRY KEYWORD: CHM
ARO
SUBJECT CODE: ERN
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