Really - so you agree that this PR is questionable?
Maybe put out there to dupe investors?
On Oct. 20, 2011 Flameret Inc. a developer of fire retardant products to suit a wide variety of applications, today raised its revenue forecasts for calendar year 2012 on the back of strong interest from licensing partners and distributors in North America.
Flameret now expects 2012 revenue to come in at $45 million. The company expects gross margin to potentially exceed 60% in 2012.
Flameret expects initial revenue from licensees and distributors in the U.S. and Canada. The company also expects to start realizing revenue from Europe and Asia in 2012. Flameret said that it is seeing substantial interest from the work-wear apparel sector and the marine sector for its proprietary flame retardant solutions. The company expects the work-wear apparel sector to contribute significantly to 2012 revenue.
Humorously - Glover "Flameret" expected its revenue to come in at $45m.
But as 2012 comes to end it is proven NOT possible as there is NO contract, NO finance, and obviously NO money (as stated per previous filings - and shown by lack of filing)
No sign of Elite/Glover releasing a statement retracting this PR.
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