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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services
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To: judge who wrote (19767)5/28/1998 6:18:00 PM
From: JustMy2Cents  Read Replies (4) of 27968
 
Recap of the CC:
According to Arif, they are fast and furiously working on getting a grip and cleaning up the Myriad operation. The company is still on target and exceeding the target. They are moving forward.

Arif stated that they are in the final stages to hire a CFO. Randy and Arif will decided on the 3 candidates identified by the end of the week. An announcement should come out within 2 weeks as to whom it will be.

Randy is putting together strategic selling solutions and will meet in LA for 2 days next week with the sales force and put together numbers and revenue projections. His primary objective is to build the sales team and go after the numbers. If the existing sales team cannot meet the projected numbers, FAMH will hire sales staff to do so.

Steve Corso, the SEC partner of the accounting firm, was retained as outside auditors approximately 1 1/2 weeks ago. They are in the final stages of auditing the transaction of the Myriad asset purchase. They will determine if the transaction needs to include an audited Balance Sheet and Income Statement for SEC inclusion. They have also been retained today to conduct the audit of FAMH in New York. This audit will commence on Monday June 1st. FiraMada has produced numbers which will be verified by the auditing firm. Steve Corso has advised FiraMada not to release any numbers until they can be verified by them.

I hope I have included everything and it is accurate.

Regards,
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