ARSW News:
ARS Networks, Incorporated Grants Private Label Licence to American Fire Retardant Corp.
via COMTEX
August 21, 2003
NEW YORK, Aug 21, 2003 (BUSINESS WIRE) --
ARS Networks, Incorporated (ARS) a company that commercializes new safety products, today announced that its subsidiary, ARS Products Inc.(ARSPI), has completed a licensing agreement with American Fire Retardant Corp (AFRC). ARS Networks, Incorporated trades on the OTCBB under the symbol (ARSW). www.arsnetworks.com American Fire Retardant Corp. trades on the OTCBB under the symbol (AFRR). (www.americanfireretardant.com)
ARS's licensing agreement with AFRC provides ARS Products Inc. with an unprecedented opportunity to take advantage of AFRC's existing distribution network to bring the Company's (UL) Underwriters Laboratory certified retrofit fire door kit to market. This innovative door kit utilises approved technology which converts existing doors into fire rated doors for an affordable installed price of $220, a savings of 80% over door replacement. The technology is Code compliant and eliminates the need to dispose of old doors thereby providing a significant environmental benefit and further disposal cost savings.
Sydney Harland, President and Chief Executive Officer of ARSPI, stated, 'We have a unique and affordable alternative to installing new doors to meet the National Fire Protection Association (NFPA) 101, Life Safety(R) code standard, one of the most frequently used NFPA standards. As of July 1, 2002 it has been adopted and enforced by 33 of the 50 states. The Company's fire door kits provide an opportunity for both ARSPI and AFRC to participate in a $6 billion market to upgrade more than 50 million doors that are required to meet minimum standard Fire code. Timing is vital when launching a new product and we believe that our licensing agreement with AFRC will accelerate our time to market and bring value to our shareholders.'
Stephen F. Owens, President and Chief Executive Officer of AFRC, stated, 'We have been in the fire safety business since 1992. We manufacture and sell several fire retardant products through our sales and distribution network, including the same type of textile used in the fire retardant door kit technology. Our textile is similar to the material used on the space shuttle during re-entry into the earth's atmosphere to insulate against fire. Our know how with fire retardants and ability to manufacture and distribute fire safety products makes this a real good fit with our existing business.'