posted
Finally some good news!! Aquisition always increases stock value.
PS. I realize there is already a post started, but as a stock holder I think the title of the post is too negative to look at everytime I want to hear the latest on AFRR.
Posts: 115 | From: pittsburgh, pa USA | Registered: Sep 2003
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posted
[American Fire Retardant Corp Announces Letter of Intent to Acquire Assets of
National Certified Fire Retardant, Inc.
Business Editors
SAN DIEGO--(BUSINESS WIRE)--Dec. 15, 2003--American Fire Retardant Corp (OTCBB:AFRR) announced today that they have received a Letter of Intent to purchase National Certified Fire Retardant, Inc., a fire retardant paint and varnish manufacturer. NCFR is located in Huntington Beach, California. The first payment is to be made on or about December 17, 2003 and the assets of NCFR will become another asset in AFRC's fire retardant inventory upon the final payment on or about February 17, 2004. Stephen F. Owens, President of American Fire Retardant Corp, said, "We have been negotiating for some time to acquire this company and add their patented fire-retardant paints and varnishes to our expanding inventory of fire retardant products. We are well aware of the quality of their products as we have used and sold them for many years." Mr. Owens concluded by saying, "We are extremely pleased to be able to come to an agreement with NCFR and feel the acquisition of these paints and varnishes will greatly enhance our position in the fire retardant business."
About American Fire Retardant Corporation
American Fire Retardant Corp. (OTCBB: AFRR - 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.
--30--CA/se*
CONTACT: American Fire Retardant Corp Randy Betts, 619-258-3640
KEYWORD: CALIFORNIA INDUSTRY KEYWORD: BUILDING/CONSTRUCTION REAL ESTATE RETAIL CONSUMER/HOUSEHOLD MERGERS/ACQ SOURCE: American Fire Retardant Corp
Customize your Business Wire news & multimedia to match your needs. Get breaking news from companies and organizations worldwide. Logon for FREE today at www.BusinessWire.com.
Dec-15-2003 14:43 GMT Symbols: US;AFRR Source BW Business Wire Categories: MST/I/CON MST/I/HOU MST/I/REA MST/I/RTB MST/R/US/CA MST/S/MRG TGT/BWNQUOTE]Originally posted by FiftyCent: Finally some good news!! Aquisition always increases stock value.
PS. I realize there is already a post started, but as a stock holder I think the title of the post is too negative to look at everytime I want to hear the latest on AFRR.[/QUOTE]
posted
new thread without the negativity. i agree! what appears here and on other sites certainly has an affect on the share price of these small companies. i think that last thread didn't help.
let's see where this goes today.
uncle milty
Posts: 1081 | From: santa fe, new mexico/puerto vallarta, mexico | Registered: Sep 2003
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posted
I have so much in this stock right now it's making me cry. I wish I would have found it right now instead of getting in too early. Oh well GO AFRR!
Posts: 299 | From: Tuscaloosa, AL, USA! | Registered: Sep 2003
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American Fire Retardant Corp. Announces Letter of Intent to Purchase Natura-Shield Thursday December 18, 9:15 am ET
SAN DIEGO--(BUSINESS WIRE)--Dec. 18, 2003--American Fire Retardant Corp. (OTCBB:AFRR - News) announced today that they have signed a Letter of Intent with Teli-Net to purchase, for stock, all rights and trademarks for their cleaning product, Natura-Shield. The purchase agreement will be formally signed the first week of January. Stephen F. Owens, president of AFRC, said "We are expanding our product line to include this new, incredible cleaning product, Natura-Shield. There is both a one-minute and two-minute commercial ready for television and airtime has already been purchased for these commercials to begin airing in January." Owens concluded by saying, "We at American Fire Retardant feel that this is a very positive addition to our product lines and have great confidence that along with our current products, this product and other products we will introduce in 2004 will greatly enhance our profitability."
About Natura-Shield
Natura-Shield, which comes in a fresh lemon fragrance, is a new, revolutionary window cleaner that comes in a 16-ounce bottle for use in the kitchen, bathroom, around the home, automobiles and anywhere there is glass or tile. It is revolutionary because it helps prevent fogging of glass and mirrors and also protects windows from dirt, dust, steam and pollutants if used on a regular basis.
posted
With (2) two company aquisitions scheduled for early 2004. They must have some money to spend from Treesafe sales!!!! We need those sales figures now!!!
Posts: 115 | From: pittsburgh, pa USA | Registered: Sep 2003
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posted
Den, be patient. It will fill. Sometimes orders take a while to get to the mm's
Posts: 1702 | From: Michigan | Registered: Oct 2003
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Anybody got some opinions on this one for this week. . . anything would be great?
Posts: 106 | From: COlumbus, Ohio | Registered: Sep 2003
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Yer sick if ya think this POS is going anywhere except down, down, down............. I read it way back, where the old man could issue all the stock he wanted, but didn't heed that, thought the company would use common sense. Well, the 'old man' IS THE COMPANY ! And he ain't lookin out for you or me. This is a farce, and should be delisted from anything. How many poor souls bought when this POS was in the 50's to 60's, expecting something to happen, what with all these "TreeSafe" BS commercials and all; what fools we were all made of, by this old flocks diluting of the shares. This is a legal farce and the only people who have lost have been the investors who believed in this POS stock. I don't think there will be be any problem with that happening again old man Owens, you old sheet. A lot of people believed in you and your silly company. Hindsight may be 20/20, but it's darned accurate you old fool.
Posts: 304 | From: conroe, tx, USA | Registered: Oct 2003
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GO AFRR!
