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FLAME SEAL PRODUCTS
INVESTOR NEWS
THE
ABSOLUTE BEST IN FIRE
PROTECTION
TECHNOLOGY ™
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PRESS
RELEASE 55
(Released Via
Business
Wire:)
October 1, 2007
Flame
Seal establishes a sub-manufacturing facility in Canada through an
agreement
with Songgo-Ritty Exotic Hardwood Flooring Co.
CURRENT NEWS
ITEM :
Michael
Kiser (President of Flame Seal Products, Inc., Houston, TX) and Harry
Phon
(President of Songgo-Ritty Exotic Hardwood Flooring Co.,
Trois-Rivieres,
Quebec) have formed an alliance to provide local manufacturing for
Flame Seal’s
products North of Montreal. This
facility will increase the competitive edge for both companies by
eliminating shipping costs from Texas to Canada, thus lowering costs to
Songgo-Ritty for
its Class A Flooring and Firewall Plywood projects, as well as other
OEM
Customers in the region. Mr. Phon has
agreed to convert an existing facility, under Flame Seal’s direction,
to
produce Fire Retardant products that have been developed by Flame Seal
for its
OEM Program.
The
Company has already demonstrated its edge in product quality, as well
as its
focus on customized “Service” to the OEM Client. This development
allows Flame
Seal to add “lower cost” to its already impressive list of market
advantages.
From
Michael Kiser: “This is a tremendous development for our Company, and
thanks to
Harry Phon’s commitment to this project, we will now have a tremendous
edge in
cost, in addition to our other market advantages, which should provide
faster,
smoother implementation with all of our OEM Clients in the area. Feedback from current OEM projects was
immediate and decisive, eliminating the shipping cost issues in the
negotiations. No single move to date
has had as dramatic an affect on negotiations as this one.
I am truly excited about the timing of these
events. This clearly increases Flame
Seal’s ability to expand its reach to a greater number of OEM clients
in the
future as well.
Many thanks to members of our new
“Advisory Board”, as their
experience, contacts, ideas and suggestions helped facilitate this
event.”
From
Harry Phon: “We are happy to work together
in this win-win-win situation, and we are ready to do whatever it takes
to help
Flame Seal in this project. Both of our
Companies will gain a substantial advantage from this.”
BACKGROUND:
FLAME SEAL PRODUCTS, INC. (FLMP) became a public company
and began trading March 27, 2000 on the OTC (Non-BB "Pink Sheets")
stock market. Flame Seal Products, Inc. is the Transfer Agent of
record.
Michael D. Kiser
President
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FLAME SEAL
PRODUCTS, INC. 4025 Willowbend Blvd. # 310, Houston,
Texas, 77025 USA, (713) 668
4291 office, (713) 668 1724 fax, www.flameseal.com
© Copyright of Flame Seal Products, Inc. All rights
reserved, ® Registered Trademark of Flame Seal Products,
Inc., TM
Trademark of Flame Seal Products, Inc. |
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