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

To: Brad who wrote (40)	3/12/1998 5:38:00 PM
From: CO	Read Replies (2) \| Respond to of 65

NEWS is out. This is GREAT !! biz.yahoo.com Thursday March 12, 4:58 pm Eastern Time Company Press Release SOURCE: Firamada, Inc. Firamada, Inc. Announces Immediate Plans to Acquire Nasdaq Listing NEW YORK, March 12 /PRNewswire/ -- Firamada, Inc. (OTC Bulletin Board: FAMH - news) today announced it is in negotiations of merge with a Listed Nasdaq Company. This merger would allow Firamada, Inc. to acquire nearly 100% ownership of the Nasdaq Company, thus accomplishing one of Firamada's primary goals, and securing Listed Nasdaq Status well ahead of schedule. Firamada, Inc. President, Ira Monas issued an enthusiastic statement regarding what would bea landmark achievement. ''One of our primary goals over the past year has been to attain a Nasdaq Listing. Firamada's rapid growth, through aggressive acquisition and strategic placement, has positioned us to take advantage of a rare opportunity. ''We are moving quickly in our negotiations to acquire ownership of this Nasdaq Company. It appears, at this time, we would be looking at an approximate share exchange of 4 shares of Firamada stock for 1 share of stock in the Nasdaq Company. Firamada would not incur a cash outlay in this shareholder of the Nasdaq Company. ''These terms would be exceptionally favorable for Firamada and our shareholders as this Nasdaq Company brings no liabilities and a very small number of outstanding shares. Given a post-merger adjusted 1997 EPS of $.36 based solely on Firamada's earnings, and with most industry multiples currently running in the 25-35 range, we would anticipate a significant appreciation in the resultant value of Firamada's Nasdaq shares.'' Mr. Monas, summing up his thoughts, said, ''We appreciate the patience our shareholders have shown while we adjust to a higher business atmosphere resulting from our growth and acquisitions. We were preparing the final financials last week, for release to the shareholders, when we were offered these exceptional terms. ''Firamada is remarkably fortunate to find a Nasdaq Company close to being delisted, but with a stock price that has maintained substantial value despite no earnings. Firamada will bring stability, assets and growth to this merger. With a Nasdaq Listing, and our extensive plans for the future, we would have necessary tools to propel Firamada into the Big Leagues.'' 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.