Flame Seal Reaches Agreement With Largest Distributor to Contractors in Spray Foam Insulation Industry (+ New Facility Update)
HOUSTON, Nov. 29, 2011 /PRNewswire/ -- Flame Seal Products, Inc. (Pinksheets: FLMP) releases the following:
Flame Seal Products, Inc. has entered into an agreement with Service Partners, LLC. for the sale and distribution of Flame Seal-TB, for Thermal Barrier applications, to Contractors in the Spray Foam Insulation Industry through Service Partners' Nation Wide network of dealers.
Service Partners, headquartered outside of Richmond, Virginia, is the largest distributor of residential fiberglass insulation and related contractor accessories in North America.
A statement from Management: "This agreement is a milestone event here at Flame Seal, and we are extremely pleased to be working with Service Partners, LLC., a large, professional organization with an impeccable reputation in the foam industry.
"This, along with a growing list of achievements during the last three months, solidifies our presence in the Spray Foam Industry, and will serve to accelerate the ongoing growth in sales to this very lucrative, emerging market."
SHAREHOLDERS UPDATE - NEW FACILITY: Two weeks ago, Flame Seal officially took possession of the new facility at 15200 West Drive. The planned move begins this week, and will proceed over the next three months, beginning with manufacturing systems, and ending with the offices and personnel by March 1, 2012, when the lease at the current location at 4025 Willowbend Blvd. expires. The methodical transition has been planned so that production will not be interrupted at any time.
The first NEW production system, a 3,000 gallon mixing vessel, has been delivered and installed. Staging and production platforms have been built. This system is for the manufacture of Leather Seal and related products.
A large scale ball mill for the production of Powder Fire Retardants is also in place in the new building and will be fully functional before the end of the year.
A hand-held video was recorded by Mike Kiser, the Company's President, as he takes us on an informal tour of the new facility, to give the stockholders a first-hand look at Flame Seal's new headquarters. Go to Flame Seal's media page to view the video: http://flameseal.com/Media.html
Flame Seal's President addresses the shareholders:
"Welcome to the new home for Flame Seal. Although it has taken a while to get here, it is a facility we can be proud of, and which has been custom designed to efficiently support the Company's ongoing growth. I decided to take a hand held video to show our shareholders the inside of the building and offices, plus some of the high output electrical power and water supply systems that have been installed to support our operation at full capacity. These items will give everyone an idea of the size and scope of this work.
"Once we get everything moved in, we will set up an open house for shareholders. In the mean time, I am providing this informal look inside for the many shareholders who have asked for such.
"Now that the building is completely ready, our activities will accelerate tremendously as we work to keep up with the ever growing demand for Flame Seal's products and services. We will keep everyone informed as developments occur.
"I have been asked a number of times of late, and if any shareholders wish to visit the new location, please make an appointment well in advance, so we can adjust our schedules to allow enough time to maximize the value of such a visit. As can be seen, we all have a full calendar dealing with the new facility while keeping up with our growing list of customers, but we place a high value on visits by our shareholders, so do not hesitate if you are going to be in the area!" ...Michael Kiser.
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.