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12 년 전
Flame Seal Products, Inc Announces 90% Growth In First Quarter Sales
http://www.otcmarkets.com/stock/FLMP/news/Flame-Seal-Products--Inc-Announces-90--Growth-In-First-Quarter-Sales?id=61228&b=y
Flame Seal Products, Inc Announces 90% Growth In First Quarter Sales
Apr 09, 2013
OTC Disclosure & News Service
-
Flame Seal Products, Inc Announces 90% Growth In First Quarter Sales
Strong growth trends continue in spite of winter slow-down in Construction and Shipping
PR Newswire
HOUSTON, April 9, 2013
HOUSTON, April 9, 2013 /PRNewswire/ -- FLAME SEAL PRODUCTS (OTCPink: FLMP) gross sales for the Quarter ending March 31, 2013 were up 90% compared with the First Quarter of 2012, and up over 52% compared with the Fourth Quarter of 2012. The growth trend which began in December is continuing, primarily in the Spray Foam Insulation Market with the Company's premier product, Flame Seal-TB.
First Quarter sales totals were $592,798 (the strongest quarter to date), compared to $311,858 for the First Quarter a year ago. Fourth Quarter 2012 gross sales totaled $388,229. Further, the Company has already received projections from Contracting Firms in key markets totaling over $500,000 over the next 60 days. These are provided to alert Flame Seal of upcoming requirements, including the volume and dates for production planning. This is to assure all delivery requirements will be met, and the more difficult raw materials can be acquired uninterrupted, to avoid problems which commonly occur during periods of very high sales growth as is being experienced by Flame Seal at this time. These in-hand projections, plus the day-to-day sales that will occur during the period, strongly indicate an ever increasing growth rate for the second quarter.
From the President:
"Hello fellow shareholders. As we all can see, the Company is firmly on a positive track. There are three indicators that imply these trends will not only continue, by gain momentum. (1) The December growth occurred in spite of the fact that December is traditionally a very slow month for Construction related businesses due to the weather and holidays. Yet, Flame Seal experienced very strong week-to-week sales increases compared with previous months. (2) There were two major blizzards that affected shipping and delayed construction jobs in the Northwest, which is where a large number of Flame Seal's active customers work. This created a 2-3 week period during which most shipments remained in the Company's warehouse waiting for the weather to clear. Yet, regardless of the resulting virtual standstill in shipments, Flame Seal recorded record revenues for the Quarter. (3) The average size of orders has increased dramatically over the last several weeks, including client projections. Instead of a large number of 10-50 gallon orders, the Company is receiving a high percentage of orders of 250-1,000 gallons range, showing good results from its initiatives that target high profile construction, Architects, and large Contracting Firms.
"These interpretations are further supported by growing positive feedback, and ongoing growth in responses throughout the Spray Foam Insulation Industry to Flame Seal's extensive Marketing Programs that were implemented in 2012, especially its Customer Support, and Applicator training systems. All good news, and I feel this bodes very well for the upcoming quarter, the year, and beyond." (Michael D. Kiser, President of Flame Seal Products, inc.)
For more details of the Company, Investors can review the Company's Sales and Marketing Programs, as well as its Plan and projections for 2013, in its 2012 Annual Report published at OTCMarkets.com (otciq.com).
INVESTOR RELATIONS
The Company, which recently terminated the agreement with its IR/PR team, is in the process of engaging the services of a large, established IR firm for its Investor Awareness programs. Progress and developments for this, as well as the growing sales activity in the Company's key markets, will be presented in future updates and Press Releases.
ABOUT FLAME SEAL
Flame Seal Products, Inc., manufacturer of the world's number one fire prevention technology, was founded in 1992 as a research and development company focused on the investigation and application of passive Fire Prevention Technologies. FLAME SEAL PRODUCTS, INC. (FLMP), began trading its common stock on March 27, 2000. Flame Seal Products, Inc. is also the Transfer Agent of record. The company offers a wide variety of Code Driven solutions for a number of diverse applications and industries, and has developed three passive fire prevention technologies which are the basis for the company's products. For more information, go to: http://flameseal.com
SAFE HARBOR STATEMENT
Certain statements in this release may be "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to numerous risks and uncertainties. Actual results may vary significantly from the results expressed or implied in such statements. Factors that could cause actual results to materially differ from forward-looking statements include, but are not limited to, the Company's ability to meet the terms and conditions required to obtain its project financing, risks and delays associated with product development, risk of market acceptance of new products, risk of technology or product obsolescence, competitive risks, reliance on development partners and the need for additional capital. Flame Seal takes no obligation to update or correct forward-looking statements, and also takes no obligation to update or correct information prepared by third parties that are not paid for by Flame Seal.
Contact:
Michael D. Kiser
Flame Seal Products (symbol: FLMP)
Offices: 713-668-4291
Website: www.flameseal.com
SOURCE Flame Seal Products, Inc.
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Immie
13 년 전
Monday, April 09 2012 5:28 PM, EST Flame Seal Announces Move Into New Facility Completed Just In Time For Sales Growth PR Newswire "Press Releases US - English"
HOUSTON , April 9, 2012 /PRNewswire/ --Flame Seal Products, Inc. (PINKSHEETS: FLMP) releases the following:
Flame Seal Products, Inc. has completed relocation to its new facility at 15200 West Drive , Houston, Texas 77053. Phone numbers will remain the same.
From the President:
"Hello Shareholders. I am proud to announce that we completed the move to the new facility just in time as planned, and were completely moved as of March 31 , 2012. This, as it turns out, was not an easy task! We kept up with production, customer service, testing, etc., as we broke down and moved our offices and production equipment and related systems. I have taken another short video of our new offices (nice!), as well as storage and production areas. The video can be viewed at http://flameseal.com/Media.html on our media page. Please forgive the camera work, but I felt it better to let our stockholders see this at our earliest convenience, and this was it. As can be seen, everything is not 100% perfect, but we are well on our way!
"I also realize I have been pretty quiet in the last month or so, and I apologize, but the move became far more taxing than any of us could have imagined, especially from my perspective. As the winter season came to an end, and the building season began, the events and activities in the Spray Foam Insulation market escalated at a dizzying pace. We set up a booth in one of the most important Conferences to date, and responses from Contractors, Distributors, Architects, as well as numerous Spray Foam organizations and manufacturers were difficult to keep up with. The heavy response has demonstrated that all of our hard work to secure our position as THE go to supplier for Thermal and Ignition Barrier coatings for that market has paid off. One of the most important developments, as it turns out, was the establishment of our position with Service Partners, Inc. as their exclusive Thermal Barrier product, and they as a major distributor for Flame Seal.
"Sales are growing steadily, and our customer list grows every single day now. We are working on hiring more personnel, and establishing within our system new control software to help us manage many thousands of new contacts in all aspects of the foam insulation industry. I am also bringing in a new member of our team who will be dedicated to our stock, public awareness, and to help me with communications with our stockholders, since the business now at hand is taking 110% of my time. Everyone will be pleased to note that some of the new demands on me involve new business that is being negotiated by Mr. Charles Santomeno . More on that very soon as well.
"We will provide updated reports of first quarter results shortly, and are working on a number of joint press releases in conjunction with other firms in the industry. Enjoy the video. I think you'll be very proud of OUR new home... and watch for more updates. You will notice that many will soon come from other sources, which is certainly a welcome development!"
Michael Kiser .
ABOUT FLAME SEAL:
FLAME SEAL PRODUCTS, INC. (FLMP) began trading March 27, 2000 on OTCMarkets. Flame Seal Products, Inc. is the Transfer Agent of record.
Contact: Michael D. Kiser Flame Seal Products (symbol: FLMP) Offices: 713-668-4291 Website: www.flameseal.com
SOURCE Flame Seal Products, Inc.
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