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.