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Microcap & Penny Stocks : FIRAMADA (FAMH) - New 2-19-1998 - RESEARCH Posts ONLY!
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To: Joe Copia who wrote (23)3/5/1998 5:57:00 PM
From: Brad  Read Replies (2) of 65
 
Here are my notes from the Conference Call today...

1. FAMH has 40 million Shares Outstanding with about 10 million
Float.

2. Audit paperwork showing 10.85› EPS for 1997 is being filed
shortly.

3. Myriad acquisition brings about $45 Million in revenue.

4. Employee Leasing is profitable through bulk buying for work
comp, employee insurances, health benefits, etc. Bulk buying
makes these things cheaper. FAMH can also offer this to other
companies.

5. Apx 8000 employees leased out currently.

6. Looking at 2 smaller acquisitions in California.

7. Market Cap of FAMH today is about $18 Million.

8. Myriad will not further dilute the shares.

9. No plans for any offerings, restricted or private placements.

10. Outstanding Shares should remain about 40 million for 1998.

11. There is possibility they might consider a share exchange
with warrants after their filing Form 10 to be fully reporting. This
should help get the share price up so they CAN get listed on
NASDAQ or AMEX. Whether or not they do this will depend on
how the stock price performs over the next 60 days or so.

12. FAMH currently keeps about "low 7 figures" in cash. This is
not including the cash flow for employee leasing.

13. FAMH continues to be profitable.

14. Gross Profit Margins:
Temp Staffing = apx 25-30%
Bulk Leasing = 5-10%
Perm Placement = 90% or more
Finance Division = 90% or more
This is financing payrolls for other staffing companies. FAMH can
also market workman's comp to other employee leasing
companies.
Overall gross margins should average out to be about 12-18%.

15. With acquisitions, FAMH expects to do $80-100 Million next
year.

16. 1998 Projected EPS of .25 - .32 minimum.

17. Allied Signal contract and Deloitte & Touche contract were for
IT personnel.

18. Started an IT Division in Phoenix... doing very well.

19. Morton Downey Jr's New Show - Firamada ALREADY sold
the sponsorship to the show and recouped the cash put out. Also
have syndication rights to sell and commercial revenues. Big Plus
for Profits.

20. Conservatively expect $100,000 to $125,000 in revenues
PER DAY from Morton Downey Jr Show.

21. Expect FAMH sales to increase 15-20% PER MONTH.

22. Miami office space is leased and a branch manager has been
hired.

23. Stock trading liquidity is excellent.

Replay of conference call will be available 24 hours a day for the
next 3 days and can be heard by calling 1-800-567-1533 .

PR Company is Preferred Financial Marketing. Talk to Anna Love
at 310-789-1132.

Best wishes,
Brad
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