Unedited - typed as they went
5/21/98
4:15 est
Arif Adam CEO
Randall Malinoff, President
125 participants plus
Arif Adam please give overview of Firamada -
temp employment svc, ]
IT & leasing - 20 yrs , offices in 6 states
sales over 50M
3 div - employee leasing, IT, temp
Temp 8-10M, IT new as of 90 days 2-5M est., leasing:45-50M
AIG Insurance, Allied Signal some of contracts - can't think of any others
Near term plans - expansion
Hire new CFO w/in 90 days - Financial & IR functions
SEC attorney - 90 days before being reporting co
MR. Adams - 20 years in employment business
married to job, no times for hobbies, 2 grown kids
In regards to financials, when will info be released?
By next week, no later than next week is target
Acctg firm is (he doesn't know - Randy will get)
will be Released to Edgar - Deadline is 29th
Not sure if released to SEC - he is not sure of procedures/legalities
eps will be better than previously disclosed, kind of excited about that.
Total number of shares outstanding - 70 million
28 million in float
Balance held by mgmt in restricted stock mostly by himself (Mr. Adams)
Prospective shares outstanding by end of year:
Do not anticipate issuing large number of shares by end of year.
Only situation merger ... do not see large stock for any other reason.
Atrix - deal if finished and over.
Renegotiate - no, not viable for FAMH and will stay dead.
Possibility for another NASD listed co at this time for easier access or filing yourself:
See going after ourselves not through merger
Who is Randy Malinoff?
Overview of who you are...
39, happily married for 14 yrs, 2 children 6 and 3 and expecting in october
Business degree Cal State Northridge
2 yrs of Professional golf.
(I missed first one), HMO business, bankking concern in Pasadena, entertainment retailer in So. Calif, employee leasing co.
What will you be tackling first?
Myriad - leasing co
FAMH - temp co
cross marketing
Major goals - what do you see yourself doing for FAMH?
1st - build a sales team, build menu of svcs can offer client and build sales team to bring in new business.
1st objective - increase sales of company.
Leasing div - 70-80 million in CA
Temp 10 million
Growth will be phenomenal.
Company should do over 100 million this year.
(takes Anna's breath away :) )
Growth - other acquisitions in works, what is happening, what steps are being taken?
Focus on ourselves, growth and sales - not looking for acquisitions in next 90 days.
Feels strong management team. Only need CFO - have hires exec search firm, as well as posting...
Randy, what can you add?
Large Sales deals we are working on, cannot comment on, but maybe will have news by next cc. - Have put together proposal - could be inked as early as tomorrow.
Myriad's mktg matl - 20 pages 8 1/2 x 11 B/W -
Improving on that -
Will be hearing from Mr. Adam, Mr Malinoff, CFO on ongoing basis.
Final comment:
Mr. Adam - will be participating on ongoing basis.
Website - what it will be carrying
Mgmt staff should have bios completed early next week and should be on website.
Co issues (good and bad) will be on website and shareholder business.
All parties free to submit questions and they will endeavor to answer.
E-mail addresses will be given next week after web site is up.
310 789 1134
Anna Love Fax for ?'s
Replay will be available.
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