Flameret Signs Exclusive Distribution Agreement With Universal of Gibraltar
September 20 2011 - 1:14PM
Marketwired
Flameret, Inc. (OTCBB: FLRE) (www.flameret.com), a leading provider
of flame retardant products to various industries, today announced
the signing of a distribution agreement with Universal of
Gibraltar. Commenting on this announcement, Christopher Glover, CEO
of Flameret, stated "This is one of the most significant events to
occur in our Company's young history. Universal's agents have a
14-year history of providing quality services to the Marine and
Cruise industry, and we feel that our products will enhance that
quality for years to come. They estimate their current users'
expenditure is $100m per annum on fire protection products and
services such as Flameret."
Mr Glover went on to add, "In addition to signing this
agreement, which will commence shortly, we have regained our
listing on the Over The Counter Bulletin Board by filing all of our
financial reporting's with the Securities and Exchange Commission.
Changing our auditor, along with restating some earnings from 2010,
caused the delay, but we are now fully compliant with The Bulletin
Board's requirements for listing. With our new distribution
agreement in place, and all of our filings current, we can now
resume our focus on growing Flameret, and restoring shareholder
value. Those two items have always been our priorities, and we are
committed to fulfilling those goals."
This initiates Flameret's strategic initiative to capitalize on
the largely fragmented flame retardant market by establishing an
exclusive, specialty distribution network that will provide
international sales coverage for the Flameret line of products.
This Distributor has been selected based on their sales record,
their synergistic product mix, and their focus and commitment to
providing their customers with the safest, most reliable products
available.
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.
Contacts: Chris Glover 877-861-0207 www.flameret.com
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