HOUSTON, Jan. 24, 2013 /PRNewswire/ -- Flame Seal
Products Inc. (OTC: FLMP) today announced the Company is seeing a
dramatic rise in sales volume which began in early December.
Management's extensive effort to expand distribution networks is
yielding significant results, as December sales of Flame Seal-TB,
the Company's lead product, achieved record levels for the month,
in spite of the fact there were less than 3 productive weeks during
the month due to the Christmas Holidays. The first three
weeks of January alone have far surpassed any January on
record. (In spite of the fact that December and January are
traditionally slow months for the insulation / construction
industries.)
This new growth trend will continue at a record pace according
to current trends & customer forecasts.
The Company has been receiving, for the first time, detailed
forecast information from a number of customers / distributors
which assure a record first quarter of 2013. These are coming
from multiple distribution systems which have been established over
the last few months.
From the President: "Dear Shareholders... As
you can see from the above information, we are in the early stages
of a very dynamic change in our structure, and we are already
experiencing a strong upward sales trend in response to that
structure. As I write this Flame Seal is shipping products at
rate that is generating revenue above its Break Even point.
At the same time, the Company is experiencing a number of
'firsts'.
"A backlog of orders is developing before each batch is
manufactured and shipped, so we are in a state of continuous
production for the first time. (We've never had continuous
orders that were capable of creating a backlog in this
manner.)
"Sales are not centered on one or two customers, but rather are
to a large number of Contractors in many regions of the Country,
which diversity creates stability in such a growth phase.
"We have distributors requesting (and receiving) training for
managers, so they can, in turn, train a large number of
applicators/contractors. As example, Service Partners is now
targeting the training of 400 applicators in the use of Flame
Seal-TB for Thermal and Ignition Barriers over Spray Foam
Insulation. Activities of this type are now occurring in a
number of areas, with various organizations, throughout the
U.S. We are no longer training applicators, but rather, other
companies are taking charge of that work for us!
"With the projections we have from some clients, we are able now
to make high volume arrangements with suppliers to assure seamless
supply lines and timely deliveries. (Such projections, as
noted above, are a 'first' as well.)
"To demonstrate the dramatic level of change that is now
occurring at Flame Seal, I am providing the link below so
shareholders can view weekly sales figures from 10/1/12 thru 1/19/13. This table shows
clearly how slow and sporadic sales were before the new
distribution activities began to take effect, compared with the
steady growth since the last week of November."
http://www.flameseal.com/press-release-table/
"For this to occur during winter months is a powerful indicator,
along with the aforementioned backlog and forecasts, that Flame
Seal is experiencing a strong growth trend that will be sustainable
through the first quarter and beyond. The longer term looks
very dynamic as well, as more and more distribution points come on
board, and consequently, contractors become trained and certified
in ever growing numbers.
"We are all swamped here right now, so I will have to follow up
with another report in a couple weeks or so. I will close by
saying that at this point in time, I see only very good signs for
Flame Seal!" Michael Kiser,
President of Flame Seal Products, Inc.
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.