Flame Seal Announces the Company is Experiencing Rapid Sales Growth, With Move to New Facility Just in Time to Meet Demand
HOUSTON, Oct. 25, 2011 /PRNewswire/ -- Flame Seal Products, Inc.(Pinksheets: FLMP), is experiencing an increase in sales volume that is well ahead of recent projections. Sales in October are already $149,948 (an increase of ~$90,000 over September), with six days remaining. The Company also has received "pre-booked" sales for November delivery of $126,439, based upon confirmed contracts, with commitments for $190,000 in December with the same customer.
Sales are growing at an exponential rate as marketing programs pick up momentum. More specifics will be presented in upcoming releases, as reports are being prepared at this time, and permission to disclose is being acquired from parties involved.
Flame Seal's new facility is scheduled for a final inspection Friday, October 28, 2011, after which a move-in date should be set quickly. The Company is making plans to purchase and set up a new high volume mixing tank and system for Leather Seal, to accommodate an upswing in sales contracts for this fire retardant product for Leather Seats and Furniture.
The increase in sales for Leather Seal, in addition to the growing sales of Flame Seal-TB for the Foam Insulation market to satisfy Thermal Barrier requirements, require immediate expansion of production capabilities. The latest developments with the new facility are just in time to allow the Company to take possession, with ample time to be fully prepared for these high volume sales as they occur.
The President clarifies "Exit Strategy":
"It has come to my attention that a number of comments on financial message boards, as well as inquiries received at Flame Seal, indicate there is some wild speculation regarding my meaning by this recent comment. Much of it has been negative. Let me clear the air, as I did not mean an exit strategy for the Company, but rather, an exit strategy for the individual shareholder. This will be in the form of an explanation regarding when and how stockholders who are averaged at certain prices can expect a profitable exit point. Since we now have a couple of markets that can be well defined, especially the Foam Insulation market, as well as sales that can be projected based upon real, functioning contracts, we have the tools to make such calculations for the first time. I will get that information into the mix as soon as I can. At the latest, it will be in our documents when we update our filing at OTCMarkets.com.
"As everyone can see by the above, and recent Press, Flame Seal is now on a very well defined path to success, and sales are increasing at a very impressive rate every week.
"I will continue to provide information via PRs, especially regarding sales progress, as well as our new facility, and will be able to do so more frequently, now that we are now settling into a more 'normal' type of business mode. And I must admit, on a personal level, I am really enjoying this." Michael D. Kiser, President.
FLAME SEAL PRODUCTS, INC. (FLMP) began trading March 27, 2000 on OTCMarkets. Flame Seal Products, Inc. is the Transfer Agent of record.
Michael D. Kiser
Flame Seal Products (symbol: FLMP)
SOURCE Flame Seal Products, Inc.