FOR IMMEDIATE RELEASE
Nofire Product Listed On U. S. Navy Qualified Products List (Qpl)
UPPER SADDLE RIVER, NJ, February 2, 2000-NoFire Technologies announced today that after extensive independent and Naval testing witnessed by U. S. Government inspectors, its A18NV has been listed on the U. S. Navy Qualified Products List (QPL).
"Listing on the QPL, which is recognized by all branches of the military as well as other federal government agencies, opens the door for NoFire's use for many applications", said Robert Isen, CEO of NoFire. "In order to immediately capitalize on this vast market potential we have engaged the services of three U. S. government consulting and lobbying companies to help introduce our product to all segments of the military and federal government".
Potential applications for the NoFire A18NV fire retardant paint include all ships, military and civilian housing, supply facilities, fuel depots, vehicles, aircraft, office facilities and all other areas where there is potential for fire. Initial reactions from high ranking military officers were extremely positive; many agreed that a simple substitution of NoFire A18NV for currently used paints and coatings will save lives.
NoFire Technologies, Inc. is a manufacturer of high performance fire retardant products and systems that offer superior protection against heat and fire for applications in the construction, telecommunications, nuclear power plants, utility, automotive, marine, military, and housing industries. The company's stock is quoted on the OTC Bulletin Board with the symbol NFTI.
Cautionary Statement Regarding Forward-Looking Statements Certain information contained in this press release are forward-looking statements within the meaning of the Private Securities Litigation Act of 1995 (the "Act"), which became law in December 1995. In order to obtain the benefits of the "safe harbor" provisions of the Act for any such forward-looking statements, the Company wishes to caution investors and prospective investors about significant factors, which among others, have in some cases affected the Company's actual results and are in the future likely to affect the Company's actual results and cause them to differ materially from those expressed in any such forward-looking statements. Investors and prospective investors should read this press release in conjunction with the Company's most recent Form 10-K and Form 10-Q.