LAS VEGAS, Oct. 3, 2011 /PRNewswire/ -- Flameret, Inc. (OTC:BB:FLRE, Pink Sheets: FLRE) (www.flameret.com), a leading provider of flame retardant products to various industries, today announced the appointment of Weyman Cheng as Managing Director.
Commenting on this announcement, Christopher Glover, CEO of Flameret, stated, "We are very fortunate to have added someone as experienced as Weyman Cheng to our management team. Mr. Cheng has over 15 years of experience in the textile industry, which will certainly assist us as we continue to implement our strategy of distributing Flamex into various market sectors. For four years he was a Senior Manager with Coral Sea Garment Manufacturing Ltd., a leading contract manufacturer in Canada of fire retardant and industrial wear. Coral Sea serviced numerous significant distributors in North America, and their customer base included prestigious companies such as Ameripride, American Uniforms, Canadian Uniforms, Alsco, and Cintas. These companies are among the leaders in the multi billion dollar flame retardant industry that we are entering."
Commenting on his appointment, Mr. Cheng stated, "I am very excited about joining Flameret in the capacity of Managing Director. As Chris Glover recently outlined in his presentation at an investor forum in Florida, Flameret has decided to move in the direction of production and fulfillment of distribution agreements as opposed to an acquisition strategy. In my opinion, this is the most prudent course to take in fulfilling Flameret's goal of growing revenue, earning income, and restoring shareholder value. During my years in this industry, I have seen such a great demand for superior flame retardant products to help save lives, and I firmly believe Flamex is the answer to those demands. As we move forward, I am optimistic that companies that use flame retardant products will share my belief, as I feel Flamex will certainly help save lives."
Mr. Glover added, "As me move toward production of Flamex to accommodate the overwhelming demand that we have received, we will continue to meet with investment bankers and investors so we can secure financing which will allow us to commence production. Our stock capitalization has been restructured, which we believe puts us in a position to receive financing on favorable terms to the financier, as well as to our shareholders. With our manufacturer secured, and distribution requests coming in frequently, we are optimistic that Mr. Cheng's appointment will allow us to expedite the process of obtaining the financing we require to commence production of Flamex, and start our sales program."
About Flameret, Inc.
Flameret, Inc. has developed fire retardant products to suit a wide range of applications. These are marketed under the brand names; Flamex™, Ultra Flamex™ and Impex™. Flameret ™ products are patented and held in the name of United American Inc.
Flameret's numerous flame retardant products are applicable for the manufacturing of an array of textile applications for mattresses, bedding, furniture, and clothing. The Company has designed fire resistant textiles fire barriers for this US standard and the other world markets. Our complete fire retardant product lines should compete favorably with other competitors, because Flameret's™ fire retardants are highly effective and - non-toxic.
Flameret Fire Retardant and fire resistant applications will be sold to separate industries. These industries include the fire resistant textiles industry, the military and the energy extraction industry [oil fields], the aviation industry, and forestry services. The Company expects to manufacture and sell Flameret fire retardant products for the treatment of textiles lines at production stage for various textile products. In the near future Flameret also plans to offer a complete line of fire extinguishing products.
For information concerning Flameret Inc., please visit the Company's website at www.flameret.com.
The press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements include, but are not limited to, any statements relating to the Company's development program and any other statements that are not historical facts. Such statements involve risks and uncertainties, including, but not limited to, those risks and uncertainties relating to difficulties or delays in development, testing, regulatory approval, production and marketing of the Company's products, the uncertainty of patent protection for the Company's intellectual property or trade secrets, and the Company's ability to obtain additional financing. Such statements are based on management's current expectations, but actual results may differ materially due to various factors, including those risks and uncertainties mentioned or referred to in this press release.
Contact: Chris Glover – 877-861-0207
SOURCE Flameret, Inc.