HOUSTON, Feb. 8, 2012 /PRNewswire/ -- Flame Seal Products, Inc (Pink Sheets: FLMP) releases the following:
Due to recent events that now mark the advent of Flame Seal's "breakout" year, management is moving forward with key aspects of its long term plans. As a result, Flame Seal has come to terms with a long awaited, high level addition to the team, as alluded to in press releases in the past two years. (There are two new team members planned for this year.)
The first addition to Flame Seal for 2012 is a gentleman who is arguably the most highly credentialed person in the Fire Protection Industry.
The addition of Charles Santomeno to the Flame Seal Team is one of the most significant developments in the Company's history. Mr. Santomeno will perform various duties as a consultant, bringing new business opportunities to Flame Seal, as well as acting as the lead in negotiations with the companies involved. He also has agreed to assist Flame Seal with other Contracts and negotiations. Further, due to the close relationship between Mike Kiser and Mr. Santomeno, Charles has agreed to advise and assist the Company with key issues in the growth and development of Flame Seal Products, Inc. to help the Company realize the vast potential of its products in the global fire protection marketplace. Charles has also agreed to serve as advisor to Flame Seal's Board of Directors.
About Charles Santomeno:
From 1992 - 2007 Mr. Santomeno was the President & COO of United States Mineral Products Company, dba "Isolatek International", the largest independent Fire Protection product manufacturer in the United States. He took the company from $18Million in sales, with $1Million annual losses, and as its COO, increased sales to about $60Million and established Isolatek as the leader in the U.S. passive fire protection industry, while competing with two fortune 500 companies. He also helped organize Cafco, the international component of Isolatek. Below are a few of Mr. Santomeno's accomplishments listed on his resume:
- Represented the insulation industry to the US Department of Commerce for impact on US industries for trade agreements under negotiation.
- Held position of Vice Chairman of ITAC-9. Secured a "Secret Security Clearance" in this role.
- Represented the Rock and Slag Mineral Wool industry before EPA and established a program that permitted the US industry to avoid costly pollution controls that would have resulted in a number of companies closing.
As Vice President of Finance for Dalen Corporation (Parent to United States Mineral Products Company) (1984 – 1992), Mr. Santomeno...
- Directed ten "Due Diligence" reviews resulting in the acquisition of five companies in the US, France and England.
- Successfully negotiated with the Minister of Finance of The Grand Duchy of Luxembourg for grant and loan guarantees for the establishment of a manufacturing facility.
- Was responsible for financial management for all subsidiaries including, credit, tax, insurance, accounting and reporting in Canada, Luxembourg, England, France, Spain, Italy and Hong Kong.
Mike Kiser, Craig Keyser and Charles Santomeno are already working together on their first new project. A Formal contract signing between the parties occurred on February 5, 2012.
From the President: "I must say that I am truly ecstatic over the fact that we are finally able to move forward with welcoming Charles Santomeno aboard as our newest team member.
"I realize many have wondered who this mystery person might be, as rumors have persisted. I can tell you all that Mr. Santomeno is, as you can see from some of his accomplishments, a businessman who is known throughout the world in the Fire protection business, and who is known for getting things done, period. Evidence the fact that he built the largest dedicated Fire Protection company in the U.S. while competing with two fortune 500 companies in the Structural Steel Market. He won those battles. His resume speaks for itself, and I am honored that he has agreed to work closely with us in this, our most important year. This is the year we will 'get it done.'
"The opportunities lay before us in a very big way, and we must not falter. With Charles working side by side with us, I am certain that we will become as efficient and effective as is possible, considering his vast experience and knowledge, as well as his many contacts throughout the world.
"Welcome to Flame Seal, Charles, and I am sure we will all be celebrating many milestones in the coming months and years!"
(The above information has been uploaded for inclusion in Flame Seal's 2011 Business Report Summary @ OTCMarkets.com.)
ABOUT FLAME SEAL:
FLAME SEAL PRODUCTS, INC. (FLMP) began trading March 27, 2000 on OTCMarkets. Flame Seal Products, Inc. is the Transfer Agent of record.
Contact: Michael D. Kiser Flame Seal Products (symbol: FLMP) Offices: 713-668-4291 Website: www.flameseal.com
SOURCE Flame Seal Products, Inc.