Jan. 24, 2013
/PRNewswire/ -- Flame Seal Products Inc. (OTC: FLMP) today announced the Company is seeing a dramatic rise in sales volume which began in early December. Management's extensive effort to expand distribution networks is yielding significant results, as December sales of Flame Seal-TB, the Company's lead product, achieved record levels for the month, in spite of the fact there were less than 3 productive weeks during the month due to the Christmas Holidays. The first three weeks of January alone have far surpassed any January on record. (In spite of the fact that December and January are traditionally slow months for the insulation / construction industries.)
This new growth trend will continue at a record pace according to current trends & customer forecasts.
The Company has been receiving, for the first time, detailed forecast information from a number of customers / distributors which assure a record first quarter of 2013. These are coming from multiple distribution systems which have been established over the last few months.
From the President: "Dear Shareholders... As you can see from the above information, we are in the early stages of a very dynamic change in our structure, and we are already experiencing a strong upward sales trend in response to that structure. As I write this Flame Seal is shipping products at rate that is generating revenue above its Break Even point. At the same time, the Company is experiencing a number of 'firsts'.
"A backlog of orders is developing before each batch is manufactured and shipped, so we are in a state of continuous production for the first time. (We've never had continuous orders that were capable of creating a backlog in this manner.)
"Sales are not centered on one or two customers, but rather are to a large number of Contractors in many regions of the Country, which diversity creates stability in such a growth phase.