SUN VALLEY, Calif., Sept. 29, 2006 (PRIMEZONE) -- Flamemaster Corporation (Pink Sheets:FAME), announced that its Board of Directors declared a quarterly cash dividend of $.017 payable on November 28, 2006 to shareholders of record, November 09, 2006.
The Company's Board of Directors declared a 50% reduction in the quarterly dividend to preserve cash for relocation to a larger facility located in Pacoima CA. The Company hopes to complete the relocation sometime in the next quarter.
Flamemaster Corporation is a specialty chemicals manufacturer servicing the aerospace and defense industries with high performance aircraft sealants and coatings.
The release herein may contain or identify forward-looking statements. 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.