Last Old news:
Firamada Inc. Secures Line of Credit
PR Newswire, Tuesday, February 24, 1998 at 11:14
NEW YORK, Feb. 24 /PRNewswire/ -- Firamada Inc.
(BB: FAMH) has obtained a line of credit through an equity
investment in the amount of 12 million US dollars through Bristol Asset
Management of Los Angeles, CA. This investment group has given Firamada Inc.
the opportunity to form additional strategic alliances to move the company
though the millennium.
With the acquisitions of Myriad Long Beach CA. Employment Services, and
sales of 45 million dollars and Warren Temporaries of New York City, a small
industrial niche player, Firamada's revenues are projected to be approximately
75 to 80 million dollars for 1998. With the strong management already in
place at Firamada led by Arif Adam, CEO, and Ira Monas, President, they have
taken the plunge into the information technology marketplace by bringing in
Elaine A. Zei as Vice President of the Information Technology division.
Ms. Zei brings to Firamada more than 13 years of experience in the
temporary, permanent placement and information technology marketplace. Her
focus in the past has been on middle to upper management placement.
In conjunction with Mr. Fred Capalby, Senior Vice President, Ms. Zei will
be based in the Phoenix, Arizona office although directing her efforts
nationwide.
Firamada Inc. as a staffing company provides a wide range of services
including temporary and full time staffing, employee leasing, payroll
financing and H R contract consulting. Firamada operates in New York, Dallas,
Houston, Rolla, MO, Phoenix as well as Long Beach, CA after the Myriad
acquisition.
SOURCE Firamada Inc.
-0- 02/24/98
/CONTACT: Ira A. Monas, President of Firamada, Irafm@aol.com; or
Preferred Financial Marketing, 310-789-1132, or fax, 310-789-1134, for
Firamada/
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