To All:
Firamada Announces Acquisition
January 7, 1998 09:36 AM
NEW YORK, Jan. 7 /PRNewswire/ -- Ira A. Monas, President of Firamada, Inc. FAMH has recently announced the signing of a letter of intent to acquire the assets of Myraid Employment Services, Inc., an Employee Leasing Firm based in Long Beach, California for cash and stock. This acquisition has been talked about in the financial community as probably one of the most "David and Goliath Transactions of Recent Memory." 1997 sales for Myraid were 60 million dollars.
Firamada with 1997's sales of $8,000,000.00 has taken on the commitment with expectations of continuing to take the company to the next level of attaining profitable market share in the corporate staffing industry. The combination of strong management led by Arif Adam, CEO and Ira A. Monas, President, have proven that focus and direction are essential in competition in today's market place and preparing itself strategically to compete through the year 2000.
The Rolla, Missouri branch office recently secured its largest account to date, Cupples, Inc. Revenues for this account will exceed 1.2 million dollars for 1998. SOURCE Firamada, Inc. |
