NEW YORK (May 20) BUSINESS WIRE -May 20, 1998--Firamada Inc. (OTC-BB:FAMH) is
pleased to announce that the board of directors Wednesday appointed Randall S. Malinoff
to the position of president.
Malinoff holds a Bachelor of Science, Business Administration degree. His business
background is extensive. The past six years have been spent as vice president of
operations. His areas of responsibility included operations, management, planning and
designing of growth related projects. He has extensive knowledge and experience of rollout
processes and operations development.
His management style is one of leadership by example. It is this type of leadership that
contributed to sales in his regional offices that set national records.
His keen ability at problem solving both with personnel and on the corporate level have
made him an ideal negotiator in the acquisitions arena.
In announcing the appointment, Arif Adams, CEO of Firamada said, "Randy Malinoff's
appointment adds enormous strength to our management team during a year when we are
planning considerable expansion in our business."
He also added that he was saddened by the resignation of Ira Monas due to ill health.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for
forward-looking statements. Certain information included in this news release (as well as
information included in oral statements or other written statements made or to be made by
Tigershark Enterprises Inc.) contains statements that are forward-looking, such as
statements relating to the future anticipated direction of the marine and recreation industry,
plans for future expansion, various business development activities, planned capital
expenditures, future funding sources, anticipated sales growth and potential contracts.
Such forward-looking information involves important risks and uncertainties that could
significantly affect anticipated results in the future and, accordingly, such results may differ
from those expressed in any forward-looking statements made by or on behalf of Tigershark
Enterprises. These risks and uncertainties include, but are not limited to, those relating to
development and expansion activities, dependence on existing management, financing
activities, domestic and global economic conditions, changes in federal or state tax laws,
and market competition factors.
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CONTACT: Preferred Financial Marketing, Century City, Calif.
Anna Love, 310/789-1132
310/789-1134 (fax)
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