Monday, October 25, 2004 10:49:41 AM
(COMTEX) B: AFRN: Prxy Vote; Name Change; Stk Split; Shr Increase [delayed
( EventX/Knobias.com )
B: AFRN: Prxy Vote; Name Change; Stk Split; Shr Increase [delayed] ( EventX/Knob
as.com )
Ridgeland, MS, OCT 25, 2004 (EventX/Knobias.com via COMTEX) -- American Fire
Retardant Corp (OTCBB: AFRN) in a DEF 14C filed today, reported that the Company
intends to take the following action pursuant to the written consent of a
majority of stockholders of the Company:
1. To grant discretionary authority to our directors to amend our articles of
incorporation to change our name from "American Fire Retardant Corp." to "Global
Materials & Services, Inc." within 180 days of this information statement with
the exact time of the amendment to be determined by our directors;
2. To implement a reverse stock split of our common stock on the basis of one
post-consolidation share for each 2,000 pre-consolidation shares;
3. To amend our articles of incorporation to reduce the par value of our common
stock from $0.001 per share to $0.0001 per share;
4. To amend our articles of incorporation to increase the number of our
authorized shares of common stock to 19.8B shares; and
5. To approve Stock Plans of American Fire Retardant Corp.
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