PACOIMA, Calif., Feb. 1, 2008 (PRIME NEWSWIRE) -- Flamemaster Corporation (Pink Sheets:FAME) reported net income of $39,733 on sales of $1,347,876 for the quarter ended December 31, 2007, a decline of 8.5%. In the prior year's quarter, the Company reported a loss of ($175,669) on sales of 1,473,205. Per share results for the quarter ended December 31, 2007 was a gain of $.03 compared to a loss of ($.14) per share for the quarter ended December 31, 2006.
Flamemaster Corporation is a specialty chemical manufacturer servicing the aerospace, defense, energy and transportation industries with high performance aircraft sealants and coatings.
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.
3 Months 3 Months
1st Quarter 1st Quarter
12/31/2007 12/31/2006
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Sales 1,347,876 1,473,205
Net income 39,733 (175,669)
Net income per share $.03 ($.14)
(fully diluted)