SOURCE: Flanders Corporation

April 19, 2007 16:04 ET

Flanders Corporation Assesses Fire Damage in Bartow

ST. PETERSBURG, FL -- (MARKET WIRE) -- April 19, 2007 -- Flanders Corporation (NASDAQ: FLDR) today announced that its manufacturing facility located in Bartow, Florida was damaged by fire on April 18, 2007.

Flanders estimates that $20,000 of Spun Glass Easy Flow inventory was destroyed and it will incur approximately $20,000 in clean up costs. In addition, Flanders lost between 8-12 hours of production but the lines will be fully staffed and operational today.

Flanders is a leading air filtration products manufacturer. Flanders' products are utilized by many industries, including those associated with commercial and residential heating, ventilation and air conditioning systems, semiconductor manufacturing, ultra-pure materials, biotechnology, pharmaceuticals, synthetics, nuclear power and nuclear materials processing.

This press release contains forward-looking statements that are inherently subject to risk. These forward-looking statements are not intended to be promises or predictions of the future and may be affected by a number of factors that may change the currently anticipated outcome. These factors include actual damage incurred in Bartow, Florida, additional inventory which may have been destroyed, additional damages which may have been sustained and actual factory time which may be lost. Many of these factors are not within Flanders' control. These factors, and others, are discussed in Flanders' periodic reports filed with the Securities and Exchange Commission and should be reviewed by the reader of this press release.

For further information on Flanders and its products, visit its web site at http://www.flanderscorp.com/ or contact Steven Clark at (727) 822-4411.

Contact Information

  • Contact:
    Steven Clark
    Chief Executive Officer
    Flanders Corporation
    (727) 822-4411

    2399 26th Avenue North
    St. Petersburg, FL 33734
    (727) 822-4411