NFTI NoFire Technologies Inc (PK)

NoFire Technologies, announced today that it had received $165,000 from an institution in exchange for a six-month, 10% per annum Senior Convertible Note, interest payable quarterly, convertible at $.10 per share plus two million 5 year warrants, totally secured by assets pledged by its chairman and his personal guarantee. In addition the note is secured by the assets of the company. 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. Visit our World Wide Web site at www.nofiretechnologies.com