LAS VEGAS, Nov. 9, 2011 /PRNewswire/ -- Flameret, Inc.
(OTCBB: FLRE), a leading provider of flame retardant products to
various industries, today issued the following update on the number
of common shares outstanding and the total market capitalization of
the company.
Shares Authorized: 500,000,000
Shares Outstanding: 100,028,120
Free Trading Shares: 79,574,200
Christopher Glover, Chief
Executive Officer of Flameret, Inc., issued the following
statement, "It is important for us to clarify the market
capitalization of our company and the public float. There is a lot
of erroneous information that is spread on the internet message
boards regarding small companies. Hopefully, this release clarifies
the information about our shares outstanding. We are committed to
building and preserving shareholder value."
All data regarding shares outstanding and free trading shares
was received directly from Flameret's transfer agent on
November 2, 2011.
About Flameret
Flameret, Inc. has developed fire retardant products to suit a
wide range of applications. These products are marketed under the
brand names; Flameret, 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
includes 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.