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Microcap & Penny Stocks : FIRAMADA (FAMH) - New 2-19-1998 - RESEARCH Posts ONLY! -- Ignore unavailable to you. Want to Upgrade?

To: JIN CHUN who wrote (13)	2/26/1998 9:31:00 PM
From: CO	Respond to of 65

Here is the press release from yesterday: ------------------------------------------------------------ biz.yahoo.com Wednesday February 25, 6:46 pm Eastern Time Company Press Release SOURCE: Firamada, Inc. Buy-Back of Common Stock Announced by Firamada, Inc. NEW YORK, Feb. 26 /PRNewswire/ -- Firamada, Inc. (OTC Bulletin Board: FAMH - news) today announced its Board of Directors has unanimously authorized corporate management to initiate a buy-back of up to 4 Million shares of common stock through a Repurchase Program. This buy-back of the Company's common stock would reduce the public float, and would equal nearly 10% of the total outstanding shares. It is a strong indication of the Company's confidence in the current growth-through-acquisition strategy. Firamada President Ira Monas, speaking on the Company's strengthening of its treasury stock holdings, said, ''Having steadily accumulated a very strong cash position, we are now going to take advantage of the greatly under-valued market price of Firamada shares. This will allow us to sharply increase our financial strength and enhance our corporate flexibility.'' Mr. Monas concluded by saying, ''We are rapidly establishing a record of consistent growth through aggressive acquisition. This buy-back returns shares to our treasury for pennies-on-the-dollar value. From the Company's point of view, based on current revenues and projected growth for 1998, this re-purchase of common stock is a tremendous bargain.'' This press release contains forward-looking statements with respect to the results of operations and business of the Company that involves risk and uncertainties. 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. SOURCE: Firamada, Inc. More Quotes and News: Firamanda Inc (OTC BB:FAMH - news)