(OTC:FAME) Flamemaster Corp.

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Flamemaster Reports Earnings of $.50 Per Share On a 3 Percent Decline in Sales for the Fiscal Year Ended September 30, 2008

(OTC:FAME) Flamemaster Corp. (The)

Flamemaster Reports Earnings of $.50 Per Share On a 3 Percent Decline in Sales for the Fiscal Year Ended September 30, 2008

Tuesday January 27, 1:48 pm ET

PACOIMA, Calif., Jan. 27, 2009 - Flamemaster Corporation reported net income of $608,760 on sales of $6,098,711 for the year ended September 30, 2008. In the previous year earnings were $363,169 on sales of $6,287,239. Per share results were $.50 fully diluted in 2008 vs. $.30 fully diluted in 2007. The earnings for the previous year were severely impacted due to the costs and disruption of production associated with the Company's relocation to a larger facility in the 1st quarter of fiscal 2007.

For the 4th quarter ended September 30, 2008, the Company reported a 34.5% decline in income to $118,676 on sales of $1,597,815, compared to a net of $181,419 on sales of $1,436,828 for the same period last year. Per share results for the quarter ended September 30, 2008 were $.10 compared to $.15 per share for the quarter ended September 30, 2007.

Flamemaster Corporation is a specialty chemical manufacturer servicing the aerospace and defense industries with high performance aircraft sealants and coatings.

The release herein may contain or identify a forward-looking statement. These statements are based on a number of assumptions and estimates, which are inherently subject to uncertainty and contingencies, many of which are beyond the control of the Company and reflect future business decisions, which are subject to change.

12 Months 12 Months 3 Months 3 Months Fiscal Year Fiscal Year 4th Quarter 4th Quarter 9/30/2008 9/30/2007 9/30/2008 9/30/2007 - - - - Sales 6,098,711 6,287,239 1,597,815 1,436,828 Net Income 1,003,190 528,955 182,176 259,919 Net income 608,760 363,169 118,676 181,419 Net income per share (fully diluted) $.50 $.30 $.10 $.15

Contact:

Flamemaster Corporation Joseph Mazin, President & CEO 890-1401 Fax: 890-6001 Releases@flamemaster.com http:/www.flamemaster.com Source: Flamemaster Corporation

Profile for Flamemaster Corp. (The)

The Flamemaster Corporation engages in the development, manufacture, and sale of aircraft sealants and coatings for the aerospace and defense industries in the United States. The company produces flame retardant coatings for the prevention of fire in electrical cables used in industrial applications and heat resistant coatings for the protection of structural surfaces, such as the aluminum deck of a naval vessel from the destructive temperatures and blast effects of a missile. It manufactures sealants used in various aerospace applications, such as the sealing of seams in aircraft fuel tanks and pressurized passenger or crew compartments, and optical devices. The company also produces adhesi... Detailed FAME Company Description...



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