LAS VEGAS, Oct. 20, 2011 /PRNewswire/ -- Flameret, Inc.
(OTCBB: FLRE), a leading provider of flame retardant products to
various industries, today announced that it is significantly
upgrading its revenue projections for calendar year 2012. Based on
a comprehensive review of potential sales channels, industry
estimates and initial interest from licensees and distributors, the
company projects revenues of $45,000,000 for the calendar year 2012. According
to management's projections and estimates based on the current
pipeline, the company also estimated that gross margins will equate
or potentially exceed 60% for the same year.
Initial revenues are expected from licensees and distributors in
the United States and Canada, but the company also expects to begin
realizing revenues from Europe and
Asia later in the same year. The
company is receiving significant interest from the work-wear
apparel sector and the marine sector for its proprietary flame
retardant solutions. Approximately $25,000,000 of the $45,000,000 will be derived from applications
within the work-wear apparel sector and the remainder will be
received from sale of marine products and general retail
products.
Christopher Glover, Chief
Executive Officer of Flameret, remarked, "We are getting
overwhelming interest from many of our business partners, including
interest from one of the largest apparel manufacturers in
North America. As we previously
announced, there is also strong interest in our products from the
Pacific Rim."
Mr. Glover concluded his statement by saying, "We hope to
deliver more good news to the market in the near future."
Flameret's existing product pipeline includes Flamex™ (a textile
fire retardant product, Ultra Flamex™ (a fire retardant product for
woods and metals) and Impex™ (a fire retardant product for fire
extinguishers and aerosols). All of Flameret's product lines are
non-toxic, non-staining and odorless.
The worldwide market for flame retardant products is expected to
surpass $5.8 billion in 2018.
About Flameret
Flameret, Inc. has developed fire retardant products to suit a
wide range of applications. These products 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, which
include mattresses, bedding, furniture, and clothing. The Company
has designed fire resistant textiles fire barriers for this US
standard and 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 the
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
CEO
1-877-861-0207
SOURCE Flameret, Inc.