SAN DIEGO--(BUSINESS WIRE)-October 24, 2001--American Fire Retardant Corp. (OTCBB:AFRC),(www.americanfireretardant.com), a fire protection company that specializes in fire prevention and fire containment for the safety of lives in our community and businesses, announced today that the Company has started the mobilization to start fireproofing Barona Hotel and Casino in California and Neiman Marcus in Florida and also the successful completion of a $278,000 contract for fireproofing the Sheraton Hotel in Petaluma, CA.  The total value of the contracts for those three jobs is $808,000.

The Barona Hotel and Casino, with a contract value of $425,000, should be a very profitable job due to the fact that it is less than seven miles from AFRC's headquarters, thus avoiding all travel costs normally involved with jobs of this size.

Mr. Owens also stated that the Company is presently working on several other small projects in at the same time in Florida, Colorado, and Texas.
"American Fire Retardant's goal and objective concurrent to building shareholder value is to achieve industry dominance with our products and technology in North America and abroad," stated American Fire Retardant Corp. President Stephen Owens.

According to the National Fire Protection Agency (NFPA) a fire occurs somewhere in the United States every 18 seconds, resulting in an injury every 23 minutes and a death every 130 minutes.
About American Fire Retardant Corp

American Fire Retardant Corp. is in the business of developing, manufacturing and marketing a line of interior and exterior fire retardant chemicals. The Company provides fire resistive finishing services through its "Textile Processing Center" for commercial users.
American Fire Retardant Corp. also designs new technology for future fire resistive applications that are being mandated by local, state and governmental agencies. Additionally, the company is active in the construction industry as sub-contractors for fire stop and fire film installations.

Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, the statements in this new release are forward-looking statements that involve risks and uncertainties and are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in the future periods to differ materially from forecasted results.

CONTACT: Stephen Owens- President American Fire Retardant Corp.  Tel: 619-390-6883.

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