LAS VEGAS, Oct. 12, 2011 /PRNewswire/ -- Flameret, Inc.
(OTC:BB: FLRE) (www.flameret.com), a leading provider of flame
retardant products to various industries, today announced the
purchase order finance facility with Bibby Financial Services.
Commenting on this announcement, Christopher Glover, CEO of Flameret, stated, "We
are very pleased to be associated with Bibby. They will be
working with us to grow Flameret's business and have given us a
purchase order facility of $250,000
together with a comprehensive receivable management with funding of
$500,000."
Mr. Glover added, "This will enable Flameret to manage its cash
flow and reduce the amount of capital required to operate the
business."
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 complete favourably 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
This 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: I.R. International Consultants, Inc. (516) 816-2563
SOURCE Flameret, Inc.