Firamada Inc. Intends To Become a Reporting Company in 2000
LONG BEACH, Calif.--(BUSINESS WIRE)--Oct. 25, 1999--Firamada Inc. (OTCBB:FAMHE - news) Monday announced that it intends to become a reporting company with the Securities and Exchange Commission in 2000.
Due to changes in regulations, Firamada's common stock will be delisted from the OTC Bulletin Board in November solely because it is not a reporting company. At the time of the delisting, Firamada's stock will become listed in the Pink Sheets. In order to regain its listing on the OTC Bulletin Board, Firamada must first become a reporting company.
D. Robert Albi, president and chief executive officer, stated that: ``In order to become a reporting company, Firamada intends to file a Registration Statement with the SEC shortly after the completion of our 1999 audit. After Firamada becomes a reporting company, we will file an application to again have our common stock listed on the OTC Bulletin Board.'
Albi further stated that, ``Firamada intends to post its 1998 financial statements on its Web site during the week of Oct. 25, 1999, and expects that its 1999 audited financial statements will be available during the first quarter of 2000.'
Firamada Inc. is a national staffing and professional employer organization specializing in high-end temporary staffing, information technology placement, employee leasing and permanent placement personnel. Firamada and its subsidiaries currently operate offices in California, New York, Texas, Arizona, Georgia and Delaware.
For additional information on Firamada products and services, access the company's Web site at www.firamadainc.com.
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Contact:
Firamada Inc.
D. Robert Albi, 516/536-7240
Dalbi1@aol.com
Investor Relations, 562/624-6277 |
