Global Materials & Services, Inc. (GBMS)

[XV19]

ANOTHER R/S FILED TODAY!!!

(COMTEX) B: AFRD: Merger; Directors; Reverse Stock Split [delayed] ( Event
/Knobias.com )
B: AFRD: Merger; Directors; Reverse Stock Split [delayed] ( EventX/Knobias.com )

Ridgeland, MS, DEC 16, 2004 (EventX/Knobias.com via COMTEX) -- American Fire
Retardant Corp (OTCBB: AFRD) in a PRE 14C filed today, reported that the Company
intends to seek the written consent of a majority of stockholders, for the
following purposes:

1. Approve the merger of American Fire Retardant Corp. with and into Global
Materials & Services, Inc., a newly formed Florida corporation;

2. Change our domicile from Nevada to Florida by means of a merger of American
Fire Retardant Corp. with and into Global Materials & Services, Inc., a newly
formed Florida corporation;

3. Elect directors of Global Materials & Services, Inc., the surviving Florida
corporation;

4. Approve the change in par value of our common stock from $0.0001 per share to
no par value per share under the articles of incorporation of Global Materials &
Services, Inc., the surviving Florida corporation, which will govern us
following the merger and change in domicile; and

5. Grant discretionary authority to our board of directors to implement a
reverse stock split of our common stock on the basis of one post-consolidation
share for up to each 2,000 pre-consolidation shares to occur at some time within
12 months of the date of this information statement, with the exact time of the
reverse split to be determined by the board of directors.

This preliminary information is subject to regulatory approval.

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SUBJECT CODE: Merger/Acquisition
Management Issues
Shareholder Issues
Stock Split
Proxy Filing
Important Co. News
Watch Stories

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