The Board of Flamemaster Corporation (OTCPK:FAME) announced the spin-off of a stake in Starbiz Corporation on July 12, 2018. Under the spin-off, the shareholders of Flamemaster Corporation will receive 1 share of Starbiz Corporation for every 125 shares owned. The shares of Starbiz Corporation are to be priced at $300 per share. The stock of StarBiz Corporation will not be registered under the Securities Exchange Act of 1934. The record date for distribution is July 24, 2018. The transaction has been authorized by the Board of Directors of Flamemaster Corporation and is expected to be completed on August 14, 2018.