Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Research Fix-Corp Int'l (BB:FIXC). -- Ignore unavailable to you. Want to Upgrade?

To: Suntzu who wrote (1396)	3/16/1998 1:52:00 PM
From: Mr. Stress	Respond to of 1845

FAMH NEWS: Firamada, Inc. Announces Myriad Closing And Profitable Finance Division Projections NEW YORK, March l6 /PRNewswire/ -- Firamada, Inc. (OTC Bulletin Board: FAMH - news) today announced that successful meetings late last week will allow them to close the Myriad acquisition within fourteen days. Firamada, Inc., has received highly favorable terms from the Internal Revenue Service which will completely eliminate the tax liens placed on Myriad. Firamada's agreement with the IRS will result in an initial payment of $1 Million, followed by payments over the next seven years totaling $3.3 Million. This agreement will remove all IRS encumbrances from Myriad and win not place any future restrictions on Firamada. Additionally, Firamada also proudly announced that projected first quarter profits (through March 31, 1998) in their FINANCE DIVISION ALONE should total approximately $374,000. Firamada President, Ira Monas spoke confidently about these results, ''With the completion of the Myriad acquisition, and with Firamada's ever-increasing participation in the lucrative fields of payroll financing and IT placements, 1998 is quickly shaping up to be a record year for Firamada and its shareholders. We are amazed at how rapidly we are growing and gaining momentum in this industry, and we believe we are just getting started.'' This press release contains forward-looking statements with respect to the results of operations and business of the Company that involves risks 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.