Tuesday February 24, 10:58 am Eastern Time
Company Press Release
SOURCE: Firamada Inc.
Firamada Inc. Secures Line of Credit
NEW YORK, Feb. 24 /PRNewswire/ -- Firamada Inc. (OTC Bulletin Board: FAMH - news) has obtained a line of credit through an equity investment in the amount of 12 million US dollars through Bristol Asset Management of Los Angeles, CA. This investment group has given Firamada Inc. the opportunity to form additional strategic alliances to move the company though the millennium.
With the acquisitions of Myriad Long Beach CA. Employment Services, and sales of 45 million dollars and Warren Temporaries of New York City, a small industrial niche player, Firamada's revenues are projected to be approximately 75 to 80 million dollars for 1998. With the strong management already in place at Firamada led by Arif Adam, CEO, and Ira Monas, President, they have taken the plunge into the information technology marketplace by bringing in Elaine A. Zei as Vice President of the Information Technology division.
Ms. Zei brings to Firamada more than 13 years of experience in the temporary, permanent placement and information technology marketplace. Her focus in the past has been on middle to upper management placement.
In conjunction with Mr. Fred Capalby, Senior Vice President, Ms. Zei will be based in the Phoenix, Arizona office although directing her efforts nationwide.
Firamada Inc. as a staffing company provides a wide range of services including temporary and full time staffing, employee leasing, payroll financing and H R contract consulting. Firamada operates in New York, Dallas, Houston, Rolla, MO, Phoenix as well as Long Beach, CA after the Myriad acquisition.
SOURCE: Firamada Inc. |
