Flame Seal Products, Inc. Releases March 31, 2015 Results - Seite 2

As mentioned, the balance sheet continues to improve, though still encumbered by significant obligations incurred prior to May 2013. Further improvements will require either increased cash flow from increased sales or additional capital. Management intends to devote available cash flow to support sales, marketing programs and new product developments.

• In the March 31, 2015 quarter, our Current Ratio remains strong at 2.27%.
• Total Current Assets totaled $603,302. 

Cash Flow and EBITDA

Cash as of March 31, 2015 was $279,578 this represents a significant increase from the prior period, principally a result of aforementioned financing activities in the quarter. EBITDA continued slightly negative at $14,674. Product development testing and capital equipment purchases continue to accelerate at $109,556. As with every growth-oriented business, this capital-intensive process requires investment to achieve its revenue and profit goals. 

Marketing Review

New product launches, such as the Wild Fire project and developing business from new customers are expected to significantly boost revenue in 2015. As stated before, management is focused on developing long-term customer relationships with steady, recurring order flow.

The Company, as previously stated, anticipates materially expanding into new markets in Europe, Asia and Canada. 

Note

The content of this release continues to contain repetition of previously released statements. 

March 31, 2015 financial reports in table form are available on OTC Markets -- www.otcmarkets.com -- under the FLMP symbol in the "Filings and Disclosure" section.

Additionally, we reiterate that Flame Seal's unaudited financial statements are prepared by an independent Certified Public Accountant. Audited statements will be made available when we accumulate adequate surplus and more pressing priorities have been met.

The objective remains - clarity, transparency, consistency and timely factual reporting for our owners, the shareholders.

Respectfully Submitted By the Board of Directors
Bruce Rutherford
Craig Keyser
Romeo Laurel
Darryl Schroeder

ABOUT FLAME SEAL

Flame Seal Products, Inc., manufacturer of the world's number one fire prevention technology, was founded in 1992 as a research and development company focused on the investigation and application of passive Fire Prevention Technologies. FLAME SEAL PRODUCTS, INC. (FLMP) began trading its common stock on March 27, 2000. Flame Seal Products, Inc. is also the Transfer Agent of record. The company offers a wide variety of Code Driven solutions for a number of diverse applications and industries, and has developed three passive fire prevention technologies which are the basis for the company's products. For more information, go to: http://flameseal.com