PerfectData to Distribute Shares of Flamemaster

The board of directors of PerfectData Corp. in Simi Valley has authorized the distribution of one share of Flamemaster Corp. common stock for each 200 shares of PerfectData.

Fractional shares will be paid out at $6 per share, with the distribution made Jan. 27 to shareholders of record today. The distribution of shares by PerfectData will be in the form of a dividend to its shareholders.

Flamemaster, a specialty-chemicals company serving the aerospace and defense industries with aircraft sealants and coatings, recently reported record earnings of 54 cents per share for the year ended Sept. 30, a 67% jump from the previous year.

Flamemaster holds a 19% stake in PerfectData Corp., a designer of computer, office care and maintenance products and accessories.