American Safety Products, an American Fire Retardant Company, Announces GLOVEBOX is Ready for Distribution

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Originally posted by Dakota:
Yep, it's flying toward another R/S if it holds true to form. It's done a R/S three times. I lost 87% of my investment in this stock. Please do all the DD you can find and never hold this overnight. They make decisions in a little room after midnight and change their names the next day. AFRR/AFRC/AFRT.....you name it, it's been there.
Not bashing, just telling my sad story. I should have looked deeper into it I know, but you think people would learn from hearing other's experiences.
Dakota told you that......

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AMERICAN FIRE RETARDANT CORP.
9316 WHEATLANDS ROAD, SUITE C
SANTEE, CALIFORNIA 92071
TELEPHONE (619) 258-3640

July 2, 2004
To Our Stockholders:

The purpose of this information statement is to inform the holders of record of shares of our common stock and preferred stock as of the close of business on the record date, June 16, 2004 that our board of directors has recommended, and that a majority of our stockholders intend to vote in favor of resolutions which will:

- Amend our articles of incorporation to increase the number of our authorized shares of common stock to 9,800,000,000; and

- Grant discretionary authority to our board of directors to amend our articles of incorporation to effect a reverse stock split of our common stock on the basis of one post-consolidation share for up to each 250 pre-consolidation shares to occur at some time within 12 months of the date of this information statement, with the exact time of the reverse split to be determined by the board of directors.

Our board of directors believes that our current capital structure is inadequate for our present and future needs. Moreover, our directors believe that the adjustments to our capital structure will create additional benefits to us, including enabling us to package more attractive securities offerings through the use of common and preferred classes and providing us with the opportunity to finance selected commercial transactions without having to deplete working capital. Our board of directors has adopted resolutions to amend our articles of incorporation, attached hereto as Attachment A, and recommended the amendment for the approval of our stockholders.

If the amendment is approved by a majority of the total number of shares of common stock issued and outstanding and entitled to vote on the matter, an amendment to our articles of incorporation will be filed by our proper officers.

We have a consenting stockholder, Stephen F. Owens, our president and director, who holds 140 shares of our common stock and 100,000,000 shares of our preferred stock. Mr. Owens will vote in favor of the proposed amendment to our articles of incorporation. Mr. Owens will have the power to pass the proposed amendment without the concurrence of any of our other stockholders.

Pursuant to our Amended Certificate of Designation Establishing Series A Preferred Stock, each share of our currently issued and outstanding Series A preferred stock may be converted into 10 fully paid and nonassessable shares of our common stock. On all matters submitted to a vote of the holders of the common stock, including, without limitation, the election of directors, a holder of shares of the Series A preferred stock shall be entitled to the number of votes on such matters equal to the number of shares of the Series A preferred stock held by such holder multiplied by the number of shares of the common stock each such share of the Series A preferred stock shall then be convertible. Therefore, Mr. Owens will have the power to vote 1,000,000,140 shares of the common stock, which number exceeds the majority of the issued and outstanding shares of the common stock on the record date.

WE ARE NOT ASKING FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US A PROXY.

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This information statement is being mailed on or about July 2, 2004 to all stockholders of record as of June 16, 2004.
We appreciate your continued interest in American Fire Retardant Corp.

Very truly yours,

/s/ Stephen F. Owens

Stephen F. Owens
President

- The reverse split to occur within 12 months of the date of this statement(so, don't worry, not today, not tomorrow....)

-AFRT's board may decline to implement a reverse split(it may never happen)

GRANT OF DISCRETIONARY AUTHORITY TO THE BOARD OF DIRECTORS TO AMEND OUR
ARTICLES OF INCORPORATION TO EFFECT A ONE FOR UP TO 250 REVERSE STOCK SPLIT

Our board of directors has adopted a resolution to seek stockholder approval to grant the board discretionary authority to amend our articles of incorporation to affect a reverse split for the purpose of increasing the market price of our common stock. The reverse split exchange ratio that the board of directors approved and deemed advisable and for which it is seeking stockholder approval is a one post-consolidation share for up to each 250 pre-consolidation shares, with the reverse split to occur within 12 months of the date of this information statement, the exact time of the reverse split to be determined by the directors in their discretion. Approval of this proposal would give the board authority to implement the reverse split at any time it determined the split to be advisable within 12 months of the date of this information statement. In addition, approval of this proposal would also give the board authority to decline to implement a reverse split.

PS: This stock still look like its passing gas. If any stock gave is symbol a more appropriate name it was this one, lol.

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Originally posted by electrospiro:
Well, I am not saying r/s will not happen, but I don't see this in near future(two, three months). You have to remember that they plan to dilute common shares before the split. And we are talking about 7,820,000,000 extra shares.

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Horse sh*t......pump it up pumper. Hold it overnight for a couple of days and you'll join the elite.....F ART club.......or what ever they call it today. Your post is laughable to even us new to this pinky world......lots of good people will lose on this stock. I don't like to sound nasty on these boards but your justification is weak and looks like you might just be trying to keep this price up so you can dump before the bell tomorrow. Sorry to offend you but that's my humble opinion.
Dakota told you that......

SAN DIEGO, Jul 26, 2004 (BUSINESS WIRE) -- American Fire Retardant Corp. (AFRT) announced today that it has opened a sales and marketing office in Las Vegas, Nevada to support the increasing sales from the casino, hospitality and commercial sector in that market. James R. Wheeler, vice president of sales and marketing, said, "AFRC has done business in Las Vegas for years and with the growth in the market and the demand for Life Safety products on the rise, we need to be there each and every day to capture market share."

American Fire Retardant and American Safety Products have nearly 100 patented or proprietary products to offer. With a presence in the market and the new sales and support personnel we have added, we intend to be Nevada's first choice for Fire and Life Safety products.

About American Fire Retardant Corp.

SANTEE, Calif., Aug 23, 2004 (BUSINESS WIRE) -- American Fire Retardant Corp. (AFRT), through its American Safety Products division, announced today that they have an agreement in place with PTS, Inc (PTSO) to sell GLOVEBOX(R) Inc., for a substantial profit.

PTS, Inc, who has a number of major clients, has received substantial interest in GLOVEBOX(R) over the past year and has signed distribution agreements throughout Asia. They expressed interest in the purchase of GLOVEBOX, Inc. earlier this year and have now entered into an agreement to purchase 100% of the company from American Safety Products and American Fire Retardant. The terms and conditions of the sale will be disclosed and closed in a definitive agreement within the next 90 days.

Mr. Chin, President of PTSO said, "I am excited that we have come to an agreement with American Safety Products, American Fire Retardant and GLOVEBOX, Inc. This is a product that is needed in all hospital and healthcare facilities and we at PTS have worked hard to pioneer the Asian market for this product."

Mr. James Wheeler, Vice President of Sales and Marketing of American Fire Retardant Corp., said, "This transaction will benefit the company and shareholders of American Fire Retardant, not only from the profit derived from the sale but by allowing us to stay focused on our core competencies and the growth mandate initiated by Mr. Stephen F. Owens." He added, "We have made tremendous progress this year in areas of debt reduction and have made strides towards overall profitability."

About American Fire Retardant Corporation

American Fire Retardant Corp. (AFRT), www.americanfireretardant.com, is in the business of developing, manufacturing and marketing a line of "Life Safety" products including interior and exterior fire retardants. American Fire Retardant Corp. and their American Safety Products Company also designs new technology for the Life Safety marketplace and the 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.

SOURCE: American Fire Retardant Corp.