Oh and I forgot the new Managing Director
October 03, 2011 Flameret Appoints Weyman Cheng as Managing Director
LAS VEGAS--(BUSINESS WIRE)--Flameret, Inc. (OTCBB:FLRE) (www.flameret.com), a leading provider of flame retardant products to various industries, today announced the appointment of Weyman Cheng as Managing Director.
Commenting on this announcement, Christopher Glover, CEO of Flameret, stated, “We are very fortunate to have added someone as experienced as Weyman Cheng to our management team. Mr. Cheng has over 15 years of experience in the textile industry, which will certainly assist us as we continue to implement our strategy of distributing Flamex into various market sectors. For four years he was a Senior Manager with Coral Sea Garment Manufacturing Ltd., a leading contract manufacturer in Canada of fire retardant and industrial wear. Coral Sea serviced numerous significant distributors in North America, and their customer base included prestigious companies such as Ameripride, American Uniforms, Canadian Uniforms, Alsco, and Cintas. These companies are among the leaders in the multi billion dollar flame retardant industry that we are entering.”
Commenting on his appointment, Mr. Cheng stated, “I am very excited about joining Flameret in the capacity of Managing Director. As Chris Glover recently outlined in his presentation at an investor forum in Florida, Flameret has decided to move in the direction of production and fulfillment of distribution agreements as opposed to an acquisition strategy. In my opinion, this is the most prudent course to take in fulfilling Flameret’s goal of growing revenue, earning income, and restoring shareholder value. During my years in this industry, I have seen such a great demand for superior flame retardant products to help save lives, and I firmly believe Flamex is the answer to those demands. As we move forward, I am optimistic that companies that use flame retardant products will share my belief, as I feel Flamex will certainly help save lives.”
Mr. Glover added, “As we move toward production of Flamex to accommodate the overwhelming demand that we have received, we will continue to meet with investment bankers and investors so we can secure financing which will allow us to commence production. Our stock capitalization has been restructured, which we believe puts us in a position to receive financing on favorable terms to the financier, as well as to our shareholders. With our manufacturer secured, and distribution requests coming in frequently, we are optimistic that Mr. Cheng’s appointment will allow us to expedite the process of obtaining the financing we require to commence production of Flamex, and start our sales program.”
