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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services -- Ignore unavailable to you. Want to Upgrade?


To: art who wrote (2223)1/29/1998 7:47:00 PM
From: Brad  Read Replies (2) | Respond to of 27968
 
Art & Redhead, Here is just a brief summary of the conference call from my notes.

Summary:

Audited financials should be out next week.

Expecting about 11› EPS.

Income has been all recurring income as opposed to non-recurring.

504 income was NOT considered earnings from sales.

Went over gross margins and net margins for the industry. Finished by saying FAMH expects to be higher than industry.

Myriad IRS lien was $4.5M but was negotiated down to $1.5M

FAMH will get NO liens from the Myriad transaction.

Currently planning 4 more acquisitions... 2 in CA, 1 in IN, 1 in NY.
Looking at many more.

Yesterday they bought a small ($2M) company in NY.

There were some other things as well, but those were the things I made notes on. I'm sure others can add to the list.

The replay can be heard 24 hours a day by calling 1-800-567-1533.

Best wishes,
Brad