The properties were purchased for 4,500,000 shares of AMFR
Rule 144 stock, $500,000 in cash, and the assumption of debt of approximately $17,600,000.
a wholly-owned subsidiary of AMFR
has signed a contract to acquire MarkeTrend Securities, Ltd.
We feel that because of current market conditions, coupled with the fact that management strongly believes that AMFR
shares are trading well below current and future values, it is in the best interest of the company to begin repurchasing shares in the open market," stated American Fire Retardant Corp.