Firamada Inc. Reschedules Special Meeting of Shareholders
Business Wire - December 08, 1998 09:19
LONG BEACH, Calif.--(BUSINESS WIRE)--Dec. 8, 1998--Firamada Inc. (OTC BB:FAMH) Tuesday announced that the board of directors has rescheduled the Special Meeting of Shareholders which was to be held Dec. 16.
The new date of Feb. 10 has been selected for the meeting to be held at The Westin Hotel in Long Beach. Shareholders will elect five directors while expanding the board's powers, adopt restated Articles of Incorporation, ratify the appointment of Merdinger, Fruchter, Rosen & Corso, P.C. as independent auditors of the company to serve for the fiscal year 1998, and to transact other pertinent matters.
The meeting will begin at 12:30 p.m. Eastern Time. Complete proxy packages will be distributed accordingly.
Firamada's Director of Investor Relations, Michael Sukey, issued this statement: "This meeting of shareholders is vital to managing the corporation. A favorable vote on the issues before us will create
flexibility and strength in the company in order to compete in the industry. Under the present structure, the company may find it difficult to operate as a public entity."
Sukey also added: "The Street has asked us for specific financial data and the company knows accurate information is important for making informed decisions. However, it is not appropriate, nor is it in the best interest of our shareholders to provide incomplete data.
"The intent of management is to earn the trust and confidence of the investment community and to build a line of communication with our shareholders. Consistent and credible information is the foundation upon which trust, confidence and communication are built. Our auditors are completing pro forma revenuefigures for 1998 and projected revenue figures for 1999, which are to be released in one week.
"This information will show the progress the company has made since the acquisition of Myriad Employment Services last May," concluded Sukey.
Company Information:
Firamada is a national staffing and PEO Company specializing in high-end temporary staffing, information technology placement, and employee leasing and permanent placement personnel. Firamada currently operates locations in New York, Texas, Arizona, Delaware and California. For additional information on Firamada products and services, access the company's Web site at firamadainc.com.
This news release may contain forward-looking statements with respect to the results of operations and business of the company that involves risk and uncertainties. The company's actual future results could materially differ from those discussed. Risks and uncertainties of the company will be detailed from time to time in the company's periodic reports to be filed with the Securities and Exchange Commission.
CONTACT: Firamada Investor Relations, 562/624-0779.
investors@firamadainc.com |
