SUN VALLEY, Calif., March 30, 2004 (PRIMEZONE) -- Flamemaster Corporation (Nasdaq:FAME) today reported that it has put on hold the transaction involving the issuance of Flamemaster Aerospace Shares to its shareholders.
The Transaction with Cyberhotline cannot be completed at this time until further binding agreements are in place, and as the Company awaits further regulatory clarification.
The Flamemaster Corporation Board of Directors declared a 12.5% stock dividend in the form of a 9 for 8 stock split to be paid on May 7, 2004 to shareholders of record April 15, 2004. No fractional shares will be issued. Fractions will be rounded to the nearest whole share.
Cyberhotline, Inc. is a privately held Nevada Corporation with its principal place of business in Los Angeles, CA. Its business is primarily that of an Internet Service Provider, offering dial-up Internet access for $8.25 - $10.95 per month. Cyberhotline.com provides Internet access to most locations in the United States and Canada as well as Web Hosting.
The release herein may contain or identify a forward-looking statement. These statements are based on a number of assumptions and estimates, which are inherently subject to uncertainty and contingencies, many of which are beyond the control of the Company and reflect future business decisions, which are subject to change.