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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services
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To: Leroyt who wrote (19361)5/27/1998 5:11:00 PM
From: JIN CHUN  Read Replies (2) of 27968
 
Leroy, the last time I spoke with the company, they said that a preliminary audit of sales and costs of sales was already finished on Myriad before the transaction was complete. If I remember correctly, the figure was something around 4 percent net, which is middle of the road across the sector for employee leasing. If what Malinoff said in the CC is true, about cross polinating their service line across offices, I think that particular margin may even be bumped up.

Also, I believe that you are correct in that Corso's firm is only responsible for the 1998 financial data, including Myriad's full audit. From what I have been told, the 1997 financials were completed by the first firm, with some adjustments that had to be made afterwards. I believe they are ready, or close to it.

Jin. I should be studying for this exam.
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