|Press Release||Source: American Fire Retardant Corp.|
American Fire Retardant Corp. and American Safety Products Increasing Production Team to Meet Current Demand
Thursday July 8, 10:03 am ET
SAN DIEGO--(BUSINESS WIRE)--July 8, 2004--American Fire Retardant Corp. (OTCBB:AFRT - News) announced today that it is increasing its development and production staff in order to fill the current demand for the GLOVEBOX®. These new positions are in the Santee, California manufacturing facility and will allow AFRC/ASP to fully integrate the development and manufacturing processes. The additional team members are necessary to fulfill the orders for the GLOVEBOX® American Safety Products has already secured for the fourth quarter of 2004 -- beginning October 1, 2004.
James R. Wheeler, vice president of sales and marketing, estimated that, "This new development and manufacturing capacity could effectively result in AFRC greatly increasing its current revenues in 2005. We are very satisfied with the results of our sales efforts and the company's renewed focus on the 'Life Safety' product line implemented earlier this year. 2005 promises to be the Company's best year to date." James also added, "We believe that our shareholders will soon see first hand what AFRC has worked so hard to build."
About American Fire Retardant Corp.
American Fire Retardant Corp. (OTCBB:AFRT - News), www.americanfireretardant.com, is in the business of developing, manufacturing and marketing a line of interior and exterior fire retardant products. American Fire Retardant Corp. also designs new technology for future fire resistive applications that are being mandated by local, state and governmental agencies. Additionally, the company is active in the construction industry as sub-contractors for fire stop and fire film installations.
Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, the statements in this news release are forward-looking statements that involve risks and uncertainties and are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in the future periods to differ materially from forecasted results.
Contact: American Fire Retardant Corp. James R. Wheeler, 619-258-3640 email@example.com
Source: American Fire Retardant Corp.