"THE ABSOLUTE BEST IN FIRE
PROTECTION
TECHNOLOGY"
"THE ABSOLUTE BEST IN FIRE
PROTECTION
TECHNOLOGY"
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PRESS
RELEASE 44 (Released Via Buisness Wire:) November 30, 2006 First responses to Flame Seal’s new OEM focus results in $750,000 sales commitments achieving BEP. From the President: “…The next customer commitment will result in profitability…” CURRENT NEWS ITEM As outlined by its President in a recent interview at the American Stock Exchange, Flame Seal’s new focus on OEM accounts, for more predictable, repeat-order business, with higher growth potential, has begun to mature into repeat-order sales as planned. Flame Seal has been working closely with 25 companies toward this end, and the first to complete testing & negotiations, began delivering forecasts a few weeks ago, quickly followed by sales commitments and agreements. As of this date, a few of these accounts are now beyond this stage and have begun purchasing. The commitments & agreements from these clients places Flame Seal at its BEP (Break Even Point = $700,000), a financial milestone that officially shifts Flame Seal out of its R&D stage, into Marketing and Sales. A statement from Michael Kiser, Flame Seal’s President: “We are very proud of the fact that we have developed products and processes that are not only the top performers in this industry (as evidenced by our status as a Boeing Qualified Supplier) but that are very efficient to produce, with regard to both equipment and manpower. Thus, we have a very low BEP, which is why we can state that… The next customer commitment will result in profitability, regardless of its size. We are just as proud of our superior staging and planning for the business that is now beginning to mature into sales, in that we have the equipment and manpower already in place to supply over $10,000,000 / year in product sales. We have planned and prepared a long time for this, and we are ready. To further a point from the November 1st interview, we have received more verifications from clients that the “drop dead” date in several industries for these new fire regulations, is September, 2007. This is why we had to be ready. It also demonstrates that our planning could not have been more timely. Having secured the smaller accounts, we are now focused on current negotiations with several OEM accounts in the $300,000 - $2Million range. Look for news releases as these sales agreements are finalized. I know many stockholders have watched and waited patiently as this business has taken a long time to develop, but to prepare for something of this magnitude, to prepare for all foreseeable possibilities, and to lay the proper foundation that can sustain success, often requires a painful amount of time and effort. Our shareholders (our “partners”) are appreciated for their patience and vision. It is my firm belief that the wait is over, and the next few months will show that, in reality, the Flame Seal story has only just begun…” 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 |
| ADDRESS:
FLAME SEAL PRODUCTS, INC.
4025 Willowbend Blvd. # 310, Houston, Texas, 77025 USA, (713) 668
4291 office, (713) 668 1724 fax, Website: www.flameseal.com
Email: flameseal@flameseal.com |