|

FLAME SEAL PRODUCTS
INVESTOR NEWS
THE
ABSOLUTE BEST IN FIRE
PROTECTION
TECHNOLOGY ™
|







|
PRESS
RELEASE 58
(Released Via Business
Wire:)
December 31, 2007
Flame Seal
Products' OEM Program Forges Ahead and Gets Back
on Schedule for a Breakout Year in 2008. President addresses
stockholders questions.
CURRENT
NEWS ITEM
A Letter from Michael Kiser, President of
Flame Seal Products, Inc.
First of all I would like to thank all of our
wonderfully supportive
stockholders, and wish you all a very happy Christmas / New Year
season, and a peaceful and rewarding year in 2008!
A number of shareholders have asked some very good questions recently
by Email, and were so appreciative and enthused after reading my
responses, I thought it would be a great way to start the new year by
doing the same for everyone by way of this news release format. The
questions all revolve around three basic issues.
Q: The larger sized OEM Projects seem to be delayed, or past original
deadlines. Why?
A: Flame Seal's OEM program is still on track for forecast results for
2008, in spite of the recent effect of a slow housing market and rising
energy & transportation costs. Many of Flame Seal's OEM clients
were affected by the housing issues, some directly (flooring, ceilings,
plywood, foam insulation materials), some indirectly (mattresses,
furniture, leather). These issues, especially the housing market, have
caused delays in many related industries during recent months. Our
larger OEM projects have been affected, but only in their timing, not
their size. We made contact with all OEM's just prior to Christmas and
all stated clearly that we will be back in high gear after the first of
the new year.
Q: What about this new "executive team" or
Advisory Committee? Who are
they? When will they be here? (Many questions about this!)
A: Unfortunately, I cannot reveal the names of these persons yet. I
understand it seemed like they would have been revealed before now.
These are very high level executives we have brought into our group,
and they must get many clearances to make this formal. Especially since
one comes from a former competitor, and another is actually from one of
our clients. Touchy issues must be handled well, and they will be. I
have to admit it is taking longer than even I thought. But, be patient
as IT WILL BE WORTH THE WAIT. More than any of you can imagine. These
people are so committed to this work that they agreed to work now as
the "Advisory Committee" so Flame Seal gets the benefit
of their
expertise right now. There are meetings planned in Mid January here in
Houston so our staff, attorneys, CPA's, and founders can meet the new
executives and share our mutual "vision" for Flame Seal. I am told we
will be able to announce / reveal name & resume' of at least the
top name on or about that date. At that point, everyone will understand
the heights we are dedicated to reaching this year. The top exec. will
be officially on board in January (after the meeting), the second will
be here in February at the latest. Again, remember, they are working
for us NOW. These are just schedules for when they can be officially
announced publicly.
Q: What about the stock? Why isn't it higher? Why does it behave the
way it does?
A: That's a long and difficult question to answer, but the basics
are... We have a long history as a developing company, and there are
some very early investors who invested in the early 1990's, and how
hold a large number of shares that they bought for very low prices, as
is always the case for a new company. What is unusual about Flame Seal
is that THESE investors held on for the very long term, looking for
$5-$10 and up! Most still are! That's great, but... the fact that they
all held on also means that if any of them needs to raise funds for an
emergency, $0.20 / share is a "profit" for them, so they can more
easily sell some in an emergency, whereas more recent investors cannot.
There are other issues that cause the stock to behave the way it does,
but this is one of the primary ones. Ours is an odd scenario in the
stock market because MOST companies that take this long to develop lose
most, if not all, original stockholders long before this. It is both a
blessing and a curse in this case. Most stockholders see the potential
and have very high hopes for the stock. I SEE IT AS ONLY A BLESSING, BY
THE WAY!
Well, I hope this helps as it does when I
respond to Stockholder Emails
or calls. We are so busy now, that responding to many individual Emails
or calls is becoming almost impossible, so this open letter should help.
Bottom line is, everything is going well, and as the title above
states, we are on track for a year that everyone will be proud of, and
most importantly, will profit from!
The various projects will be addressed in the next news release,
including updates, progress reports, etc. ..
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
|
|
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,
™ Trademark of Flame Seal Products, Inc.
|
|