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January 29, 1999
NOFIRE TECHNOLOGIES, INC.
21 INDUSTRIAL AVENUE
UPPER SADDLE RIVER, NEW JERSEY 07458
(201) 818-1616
PROXY STATEMENT
ANNUAL MEETING OF STOCKHOLDERS
To Be Held March 19, 1999
This Proxy Statement and the accompanying proxy card, Notice of Annual
Meeting of Stockholders, and letter to stockholders are being mailed to
holders (the "Stockholders") of the common stock, par value $.20 per share
(the "Common Stock"), of NoFire Technologies, Inc., a Delaware corporation
(the "Company"), on or about January 29, 1999, in connection with the
solicitation of proxies on behalf of the Board of Directors of the Company
(the "Board of Directors") to be exercised at the Annual Meeting of
Stockholders (the "Meeting") to be held at the Saddle Brook Marriott, at the
intersection of Route 80 and the Garden State Parkway, Saddle Brook, New
Jersey, on March 19, 1999, at 2:00 p.m. Eastern Standard Time.
At the Meeting, the Stockholders will be asked to consider and vote on the
following proposals (collectively, the "Proposals"):
(i) The election of four (4) directors to hold office for terms
expiring at the 2000 annual meeting of stockholders;
(ii) The approval of an amendment (the "Amendment") to the Amended and
Restated Articles of Incorporation of the Company to increase the
authorized capital stock of the Company from 25,000,000 shares of Common
Stock, $.20 par value, to 50,000,000 shares of Common Stock.
(iii) The approval and ratification of the selection of Wiss & Company,
LLP ("Wiss") by the Board of Directors as independent auditors for the
Company for the fiscal year ending August 31, 1999; and
(iv) Such other business as may properly come before the Meeting.
The Board of Directors does not know of any other matter that is to come
before the Meeting. If any other matters are properly presented for
consideration, however, the persons authorized by the enclosed proxy will
have the discretion to vote on such matters in accordance with their best
judgment.
Only Stockholders of record as of the close of business on January 15, 1999
(the "Record Date") are entitled to notice of and to vote at the Meeting or
any adjournments thereof. As of the close of business on the Record Date,
there were 12,704,859 shares of Common Stock issued and outstanding and
entitled to vote. The Common Stock constitutes the only class of capital
stock of the Company issued and outstanding. Each Stockholder of record on
the Record Date is entitled to one vote for each share of Common Stock held.
A majority of the outstanding shares of Common Stock, represented in person
or by proxy, will constitute a quorum at the Meeting; however, if a quorum
is not present or represented at the Meeting, the Stockholders entitled to
vote thereat, present in person or represented by proxy, have the power to
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adjourn the Meeting from time to time, without notice, other than by
announcement at the Meeting, until a quorum is present or represented. At
any such adjourned Meeting at which a quorum is present or represented, any
business may be transacted that might have been transacted at the original
Meeting.
Each share of Common Stock may be voted to elect up to four individuals (the
number of directors to be elected) as directors of the Company. To be
elected, each nominee for director must receive a plurality of the votes
cast by the shares of Common Stock entitled to vote at a meeting at which
a quorum is present. It is intended that, unless authorization to vote for
one or more nominees for director is withheld, proxies will be voted FOR the
election of all of the nominees named in this Proxy Statement. Approval of
a majority of the shares of Common Stock represented and voting at the
meeting will be necessary for the approval of the Amendment and the
ratification of the Board of Directors' selection of Wiss as independent
auditors for the fiscal year ending August 31, 1999. However, approval of
the Amendment requires the affirmative vote of the holders of a majority of
the issued and outstanding common stock. Therefore, abstentions and broker
non-votes will have the same effect as a negative vote with respect to such
Proposal.
Votes cast by proxy or in person will be counted by two persons appointed by
the Company to act as inspectors for the Meeting. The election inspectors
will treat shares represented by proxies that reflect abstentions as shares
that are represented and entitled to vote for the purpose of determining the
presence of a quorum. For purposes of the Proposals to elect directors,
approve the Amendment, and to ratify Wiss, abstentions and broker non-votes
(as defined below) will not be counted as votes cast and, accordingly, will
have no effect on the result of the vote on such Proposals.
Broker non-votes occur where a broker holding stock in street name votes the
shares on some matters but not others. Brokers are permitted to vote on
routine, non-controversial proposals in instances where they have not
received voting instructions from the beneficial owner of the stock but are
not permitted to vote on non-routine matters. The missing votes on non-
routine matters are deemed to be "broker non-votes." The election
inspectors will treat broker non-votes as shares that are present and
entitled to vote for the purpose of determining the presence of a quorum.
However, for the purpose of determining the outcome of any matter as to
which the broker or nominee has indicated on the proxy that it does not have
discretionary authority to vote, those shares will be treated as not present
and not entitled to vote with respect to that matter (even though those
shares are considered entitled to vote for quorum purposes and may be
entitled to vote on other matters), except as provided above.
Stockholders are urged to sign the accompanying form of proxy, solicited on
behalf of the Board of Directors, and, immediately after reviewing the
information contained in this Proxy Statement and in the Annual Report
outlining the Company's operations for the fiscal year ended August 31, 1998
(included with the original mailing of this Proxy Statement), return it in
the envelope provided for that purpose. Valid proxies will be voted at the
Meeting and any adjournment or adjournments thereof in the manner specified
therein. If no directions are given but proxies are executed in the manner
set forth herein, such proxies will be voted FOR the election of the
nominees for director set forth in this Proxy Statement, FOR approval of the
Amendment, and FOR the ratification of the selection of Wiss as the
Company's independent auditors for the fiscal year ending August 31, 1999.
Any Stockholder returning the accompanying proxy may revoke such proxy at
any time prior to its exercise by giving written notice to the Secretary of
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the Company of such revocation, voting in person at the Meeting, or
executing and delivering to the Secretary of the Company a later-dated
proxy.
Each of the directors and executive officers of the Company has informed the
Company that he will vote all of his shares of Common Stock in favor of
all of the Proposals.
PROPOSAL 1: ELECTION OF DIRECTORS
The Bylaws of the Company provide that the number of directors of the
Company shall be as set forth in the Company's Articles of Incorporation, as
amended (the "Articles"), or as may be established by the Board of Directors
but may not be fewer than the number required under the Delaware General
Corporation Law nor more than nine (9) members. The current Board of
Directors consists of four members: namely, Sam Oolie, Dr. Samuel Gottfried,
Bernard J. Koster, and Gerald H. Litwin. If they are re-elected, they will
hold office until the next annual meeting of Stockholders and until their
successors are elected and qualify. Each of the nominees has consented to
serve as a director if elected. If any of the nominees shall become unable
or unwilling to stand for election as a director (an event not now
anticipated by the Board of Directors), proxies will be voted for such
substitute as shall be designated by the Board of Directors. The table
under the Section "Directors and Executive Officers/Management" sets forth
for each nominee for election as a director of the Company his age,
principal occupation, position with the Company, if any, and certain other
information.
THE BOARD OF DIRECTORS RECOMMENDS A VOTE FOR EACH OF THE NOMINEES.
PROPOSAL 2: APPROVAL OF INCREASE IN THE NUMBER OF AUTHORIZED SHARES OF
CAPITAL STOCK
The Board of Directors has approved and adopted, subject to stockholder
approval, an amendment to the Amended and Restated Articles of Incorporation
of the Company to increase the authorized shares of Common Stock from
25,000,000 to 50,000,000 shares. The Company currently has authorized one
class of Common Stock and no other classes of any other stock. The class of
Common Stock authorized is $.20 par value. Since the Plan of Reorganization
of the Company that was confirmed by the Bankruptcy Court for the District
of New Jersey and the consummation of the Plan, the Company's outstanding
shares of Common Stock has increased by 59% from 8,000,000 shares issued and
outstanding to 12,704,859 shares issued and outstanding at the Record Date.
In addition, the Company has issued warrants and convertible debentures. If
all such warrants and convertible debentures were converted into shares of
Common Stock of the Company, the total issued and outstanding shares of
Common Stock of the Company would be 23,780,375 shares. A substantial
portion of the issued and outstanding shares of Common Stock (including
shares set aside for exercise by warrant holders and holders of the
convertible debentures) has occurred in the past 12 to 24 months. The
Amendment to the Amended and Restated Articles of Incorporation will provide
the Company with additional flexibility to use its Common Stock for business
and financial purposes. The additional shares will be available for future
issuance for cash, for settlement of debt, for acquisition of property or
shares of other corporations, for stock dividends and stock splits, for
employee and other compensation, and for other corporate purposes of the
Company. Unless required to do so by law or the rules of any exchange or
trading system upon which the Common Stock is then traded, the Board of
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Directors would not be required to seek any authorization or approval from
the Company's stockholders for the issuance of additional shares of Common
Stock.
The Company presently has sufficient authorized and unissued capital stock
to meet all of its obligations to date. Accordingly, an affirmative vote
with respect to the Amendment is not required to consummate any transaction
to which the Company is a party and does not constitute approval by the
Stockholders of any transaction. The Amendment will not be effective unless
and until it is filed with the Secretary of State of the State of Delaware.
If the Amendment is authorized by a vote of the Company's stockholders, the
Board of Directors intends to file the Amendment with the Secretary of State
of the State of Delaware prior to the end of the 1999 fiscal year.
The affirmative vote of a majority of the issued and outstanding shares of
common stock is required for approval of the Amendment. Accordingly,
abstentions or broker non-votes will have the effect of a vote against the
proposal. Unless instructed to the contrary in the proxy, the shares
represented by the proxy will be voted FOR the proposal to approve the
Amendment.
THE BOARD OF DIRECTORS RECOMMENDS A VOTE FOR THE APPROVAL OF THE
AMENDMENT.
PROPOSAL 3: RATIFICATION OF SELECTION OF INDEPENDENT AUDITORS
Wiss, the Company's independent auditors for its fiscal years ended August
31, 1995, 1996, 1997, and 1998, has been selected by the Board of Directors
to act in the same capacity for the Company's fiscal year ending August 31,
1999, subject to ratification by the Company's stockholders. There are no
affiliations between the Company and Wiss, its partners, associates, or
employees, other than as pertain to the engagement of Wiss as independent
auditors for the Company in previous years. One or more representatives of
Wiss are expected to be present at the Meeting and will be given the
opportunity to make a statement if they so desire and will respond to
appropriate questions.
The affirmative vote of a majority of the votes cast regarding the proposal
is required to ratify the selection of Wiss. Accordingly, abstentions or
broker non-votes will not affect the outcome of the vote on the proposal.
Unless instructed to the contrary in the proxy, the shares represented by
the proxies will be voted FOR the proposal to ratify the selection of Wiss
to serve as independent auditors for the Company for its fiscal year ending
August 31, 1999.
THE BOARD OF DIRECTORS RECOMMENDS A VOTE FOR THE RATIFICATION OF THE
SELECTION OF WISS.
DIRECTORS AND EXECUTIVE OFFICERS/MANAGEMENT
The following table sets forth the names of all directors and officers of the
Company and the position in the Company held by them:
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Name Age Position
Dr. Samuel Gottfried 52 Director, President,
Chief Technical Officer and
Assistant Treasurer
Bernard J. Koster 66 Director
Gerald H. Litwin 56 Director
Alphonso Margino 60 Secretary
Sam Oolie 62 Director, Chairman of the
Board and Chief Executive Officer
Directors are elected to serve until the next annual meeting of stockholders
and until their successors have been elected and have qualified. Officers
are elected by the Board of Directors and serve at the pleasure of the Board
of Directors.
Dr. Samuel Gottfried
Dr. Gottfried was named a director of the Company and appointed President of
its fire retardant products subsidiaries in August, 1991. He was appointed
Interim Chairman of the Board and Chief Executive Officer on August 14,
1992. On August 16, 1995 he was elected President, Chief Technical Officer,
and Assistant Treasurer of the Company. Dr. Gottfried holds a doctorate in
electrical engineering from New York University and a Ph.D. in
electrophysics from the Polytechnic Institute of New York. Dr. Gottfried
was a defendant in an action commenced by the Securities and Exchange
Commission against the Company, Dr. Gottfried, and certain former
shareholders, officers, directors, and accountants of the Company in the
United States District Court for the District of New Jersey on September 27,
1994 alleging various violations of the federal securities laws by the
defendants. Dr. Gottfried did not admit or deny any wrongdoing. The action
was resolved through the entry of consent judgments against the defendants
permanently enjoining the defendants, including the Company and Dr.
Gottfried, against future securities laws violations.
Bernard J. Koster
Mr. Koster has served as a Director of the Company since September, 1993.
Mr. Koster is an attorney and accountant and since January 1, 1993 has been
of counsel to the law firm of Gerald H. Litwin, P.A., formerly Litwin and
Holsinger, Hackensack, New Jersey. Since 1993, Mr. Koster has also served
as a Director of Tofutti Brands, Inc., a health food manufacturer.
Gerald H. Litwin
Mr. Litwin has served as a Director of the Company since August 16, 1995.
During the past five years, Mr. Litwin, an attorney, has been the principal
of Gerald H. Litwin, P.A. and previously a partner in the law firm of Litwin
& Holsinger, Hackensack, New Jersey. Mr. Litwin's firm served as the
Company's general counsel and continues to provide certain legal services to
the Company.
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Sam Oolie
Mr. Oolie has served as a Director of the Company since September, 1993 and
as Chairman of the Board and Chief Executive Officer since August 16, 1995.
Since 1985, Mr. Oolie has been Chairman of Oolie Enterprises, a privately
owned investment company. Mr. Oolie also serves as a Director of Avesis,
Inc., a provider of optical and dental services to employee groups, since
March, 1985; Comverse Technology, Inc., a manufacturer of voice storage and
forwarding systems and message management computer services, since May,
1985; and NCT Group, Inc.(formerly Noise Cancellation Technologies, Inc.), a
company developing and manufacturing electronic noise cancellation devices,
since April, 1987.
Alphonso Margino
Mr. Margino was appointed to the Board of Directors and named to the office
of Secretary on June 15, 1998. Mr. Margino resigned as a member of the Board
of Directors on November 24, 1998. Until August 11, 1995, Mr. Margino
was Vice Chairman of the Board and President of a former subsidiary of the
Company. In the interim period, he continued to be associated with the
Company in marketing capacities.
COMMITTEES
The Board of Directors of the Company has established an Executive Committee
consisting of Dr. Gottfried and Mr. Oolie, an Audit Committee consisting of
Mr. Litwin and Mr. Koster, and a Compensation Committee consisting of Mr.
Litwin and Mr. Koster.
The Board of Directors had delegated to the Compensation Committee
responsibility for developing and applying programs for compensating the
Company's executive officers. The responsibility of the Compensation
Committee was to establish the general compensation policy of the Company
and review and approve compensation of the executive officers of the
Company; it will administer employee benefit plans established by the
Company. The initial purpose of the Compensation Committee was to review
the overall compensation program of the Company to assure that it is
reasonable and, in consideration of all of the facts, adequately recognizes
performance tied to creating stockholder value and meeting overall Company
compensation and business objectives. Since the Company is still in the
development stage, the Compensation Committee has not provided any
substantial services to the Company. Accordingly, it is the intention of
the Company when the Company no longer is in the development stage to have
the Compensation Committee perform a more active role with respect to the
compensation of the executive officers of the Company.
The Audit Committee has not had any formal meetings this past year.
EXECUTIVE COMPENSATION
The Company's Summary Compensation Table is set forth below in two tables.
Except as discussed in the Notes to such tables, the Company had no
Option/SAR Grants, Aggregated Option/SAR Exercises or Fiscal Year End
Option/SAR's for the years ended August 31, 1998, 1997, or 1996, nor were
there any long-term incentive plan awards or stock options or stock
appreciation rights.
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Non-employee Directors are not compensated for Board of Directors meetings
or committee meetings attended.
SUMMARY COMPENSATION TABLE
For the Years Ended August 31, 1998, 1997, and 1996
Name and Year Ended Salary Salary Options All Other
Principal Position August 31 Paid Deferred(1) SAR's Compensation
Sam Oolie 1998 $59,550 $75,010 None None
Chairman of the Board 1997 $53,118 $75,010 (2) None
and Chief Executive 1996 $50,678 $75,010 None None
Officer since
August 16, 1995
Samuel Gottfried 1998 $99,565 $39,998 None None
President and Chief 1997 $98,820 $39,998 (2) None
Technical Officer 1996 $96,290 $39,988 None None
since August 16, 1995
Alphonso Margino 1998 $52,142 $25,012 None None
Secretary since 1997 $51,942 $25,012 (2) None
June 15, 1998 1996 $51,917 $25,012 None None
Note (1) Amounts shown as salary deferred for fiscal years 1998, 1997, and
1996 represent amounts payable to such executives in the future commencing
when the Company achieves sales at an annualized rate over $2 million and
such payments are authorized by the Board of Directors.
Note (2) At a meeting of the Company's Board of Directors held on June 18,
1997, the Board of Directors authorized the issuance of warrants at an
exercise price of $2.00 per share with immediate vesting to Mr. Oolie
300,000 shares; Dr. Gottfried 160,000 shares; and Mr. Margino 100,000
shares.
EMPLOYMENT AGREEMENTS
The Company has no employment agreements in effect.
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL
OWNERS AND MANAGEMENT
The following table sets forth as of January 11, 1999 the number of shares
of Common Stock owned of record or beneficially owned by each of the
Company's officers, directors, and stockholders owning at least 5% of the
Company's issued and outstanding shares of Common Stock, by all of the
Company's officers and directors as a group, and the percentage of the total
outstanding shares represented by such shares.
Name and Address Shares Beneficially Approximate
Beneficial Owner Owned (1) Percent of Class (2)
Sam Oolie 1,900,000 14.61%
NoFire Technologies, Inc.
21 Industrial Avenue
Upper Saddle River, NJ 07458
Samuel Gottfried 1,760,000 13.27%
NoFire Technologies, Inc.
21 Industrial Avenue
Upper Saddle River, NJ 07458
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Alphonso Margino 293,000 2.29%
NoFire Technologies, Inc.
21 Industrial Avenue
Upper Saddle River, NJ 07458
Bernard J. Koster 126,300 .99%
7 Old Smith Road
Tenafly, NJ 07670
Gerald H. Litwin 125,000 .97%
Two University Plaza
Hackensack, NJ 07601
Robert Downey (3) 1,521,614 11.03%
755 Park Avenue
New York, New York 10021
Edward Kaplan 716,666 5.53%
1000 Connecticut Avenue, NW
Washington, DC 20036
NF Partners (3) 3,338,239 29.13%
667 Madison Avenue
New York, NY 10021
All officers and directors 4,204,300 30.38%
as a group (5 persons)
Note (1) Shares Beneficially Owned includes fully vested warrants in the
following amounts: Oolie 300,000; Gottfried 560,000; Margino 105,000; Koster
42,500; Litwin 125,000; Downey 1,086,867; Kaplan 250,000; and NF Partners
3,338,239.
Note (2) As of January 11, 1999, there were 12,704,859 shares of Common
Stock issued and outstanding. Percentage of Class for All officers and
directors as a group is computed on 4,204,300 shares which includes
1,132,500 shares exercisable within 60 days pursuant to warrants owned by
all the persons included.
Note (3) Mr. Downey and NF Partners are members of a group of accredited
investors who entered into agreements on June 16, 1998 and October 28, 1998
to severally purchase units consisting of common stock and warrants for
common stock. Forms 13D, which included as exhibits the full text of the
agreements, were filed with the SEC for each the agreement.
COMPLIANCE WITH SECTION 16(a) OF THE 1934 ACT
Section 16(a) of the 1934 Act requires the Company's directors and executive
officers and persons who own more than 10% of a registered class of the
Company's equity securities to file with the Securities and Exchange
Commission (the "SEC") initial reports of ownership and reports of changes
in ownership of the Company's Common Stock. Officers, directors, and
greater than 10% stockholders are required by SEC regulations to furnish the
Company with copies of all Section 16(a) forms they file. Based on a review
of copies of Forms 3, 4, and 5 and amendments thereto furnished to the
Company during or with respect to its fiscal year ended August 31, 1998, the
Company believes that no director or officer of the Company or beneficial
owner of more than 10% of the Company's Common Stock failed to file on a
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timely basis reports required by Section 16(a) of the 1934 Act during such
fiscal year other than Mr. Margino who filed on January 4, 1999, Form 3
which was due on June 25, 1998 and Form 4 which was due on December 10,
1998.
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
As a result of loans made to fund the Company's operations during its
trusteeship under the Chapter 11 bankruptcy that ended on August 11, 1995
plus accrued interest to that date, there were balances due at September 1,
1996 of $183,456 to Mr. Oolie and $ 11,704 to Mr. Koster. No payments have
been made against these balances in fiscal 1997 or 1998. The balances are
included in the Company's liability for settled claims at net present value.
Mr. Oolie has made advances to the Company, and partial repayments have been
made. At August 31, 1997, the balance was $36,000 and at August 31, 1998 it
was $22,750.
On June 18, 1997, the Company's Board of Directors authorized the issuance
of warrants to Mr. Oolie, Dr. Gottfried, Mr. Margino, Mr. Koster and Mr.
Litwin, entitling such holders to purchase respectively 300,000, 160,000,
100,000, 25,000, and 25,000 shares of the Company's common stock at a price
of $2.00 per share.
Mr. Litwin is the principal of the law firm of Gerald H. Litwin, P.A., which
served as the Company's general counsel to November 4, 1996 and continues to
provide certain legal services to the Company. The Company is obligated to
that firm in the amount of $335,985 which includes fees for legal services
rendered during the pendency of the Company's bankruptcy reorganization
proceedings through August 31, 1998. Interest has been accrued on unpaid
balance since fiscal 1997. Expenses in fiscal 1997 were $53,872 for legal
services and $20,166 for interest charges, and in fiscal 1998, $28,727 in
fees and $46,071 in interest charges. In addition, Litwin & Holsinger, the
predecessor firm, filed a claim as an unsecured creditor in the bankruptcy
proceedings in the gross amount of $140,403 in respect of pre-petition legal
services rendered and has received one distribution in the amount of $15,584
in respect thereof.
EXPENSES OF SOLICITATION
The expense of the solicitation of proxies will be borne by the Company. In
addition to the solicitation of proxies by mail, solicitation may be made by
the directors, officers, and employees of the Company by other means,
including telephone, telecopy, or in person. No special compensation will
be paid to directors, officers, or employees for the solicitation of
proxies. To solicit proxies, the Company also may request the assistance of
banks, brokerage houses, and other custodians, nominees, or fiduciaries,
and, upon request, will reimburse such organizations or individuals for
their reasonable expenses in forwarding soliciting materials to their
principals and in obtaining authorization for the execution of proxies.
STOCKHOLDERS PROPOSALS FOR THE 2000 ANNUAL MEETING
Stockholders who may wish to present proposals for inclusion in the
Company's proxy materials and for consideration at the 2000 Annual Meeting
of Stockholders must submit such proposals in writing to the Secretary of
the Company in accordance with all applicable rules and regulations of the
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SEC for receipt by the Company no later than September 20, 1999. A signed
proxy shall confer discretionary authority upon the Company to vote on all
Stockholder proposals that are not received by the Company on or before
December 15, 1999.
OTHER BUSINESS
The Company knows of no other business that will come before the Meeting for
action. As to any other business that comes before the Meeting, the persons
designated as proxies will have discretionary authority to act in their best
judgment.
AVAILABLE INFORMATION
The Company files annual, quarterly and current reports and other
information with the SEC. You may read and copy any reports, statements, or
other information that the Company files at the SEC's public reference rooms
in Washington, D.C., New York, New York and Chicago, Illinois. Please call
the SEC at 1-800-SEC-0330 for further information on the public reference
rooms. The Company's public filings are also available to the public from
commercial document retrieval services and at the Internet World Wide Web
site maintained by the SEC at "http//www.sec.gov."
The SEC allows the Company to "incorporate by reference" information into
this Proxy Statement, which means that the Company can disclose important
information to you by referring you to another document filed separately
with the SEC. The information incorporated by reference is deemed to be
part of this Proxy Statement, except for any information superseded by
information contained directly in the Proxy Statement. This Proxy Statement
incorporates by reference the Company's Annual Report on Form 10-KSB for the
fiscal year ended August 31, 1998 and this Form 10-KSB is part of the annual
report to Stockholders which accompanies the original mailing of this proxy.
This document contains important information about the Company and its
financial condition.
The Company incorporates by reference additional documents that the Company
may file with the SEC between the date of this Proxy Statement and the date
of the Meeting. These may include periodic reports, such as Annual Reports
on Form 10-KSB, Quarterly Reports on Form 10-QSB and Current Reports on Form
8-K, if any, as well as proxy statements.
If you are a Stockholder, the Company may have sent you some of the
documents incorporated by reference, but you can obtain any of them through
the Company or the SEC or the SEC's Internet World Wide Web site described
above. Documents incorporated by reference are available from the Company
without charge, excluding all exhibits unless specifically incorporated by
reference as exhibits in the Proxy Statement. Stockholders may obtain
documents incorporated by reference in this Proxy Statement by requesting
them in writing from the Company at the following Address:
21 Industrial Avenue
Upper Saddle River, New Jersey 07458
Attention: Secretary
If you would like to request documents from the Company, please do so by
February 27, 1999 to receive them before the Meeting. If you request any
incorporated documents, they will be mailed to you by first-class mail, or
other equally prompt means, within thirty business days of receipt of your
request.
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You should rely only on the information contained or incorporated by
reference in this Proxy Statement to vote your shares at the Annual Meeting
of Stockholders. The Company has not authorized anyone to provide you with
information that is different from what is contained in this Proxy
Statement. This Proxy Statement is dated January 29, 1999. You should not
assume that the information contained in the Proxy Statement is accurate as
of any date other than that date.
NOFIRE TECHNOLOGIES INC.
/s/ Sam Oolie
Sam Oolie
Chief Executive Officer
January 29, 1999
Upper Saddle River, New Jersey
STOCKHOLDERS ARE URGED, REGARDLESS OF THE NUMBER OF SHARES OF COMMON STOCK OF
THE COMPANY OWNED, TO DATE, SIGN, AND RETURN THE ENCLOSED PROXY. YOUR
COOPERATION IN GIVING THESE MATTERS YOUR IMMEDIATE ATTENTION AND IN RETURNING
YOUR PROXY PROMPTLY IS APPRECIATED.
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