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

To: Double Dipper who wrote (7524)	3/23/1998 9:52:00 AM
From: JOEY	Read Replies (1) \| Respond to of 27968

I am having trouble getting realtime quotes today. Can someone post a link to free realtime BB quotes

To: Double Dipper who wrote (7524)	3/23/1998 9:52:00 AM
From: Quasar	Read Replies (2) \| Respond to of 27968

Firamada, Inc. Issues Calculations For NASDAQ Merger Business Wire - March 23, 1998 09:43 %FIRAMADA FAMH %NEW-YORK %BANKING V%BW P%BW Jump to first matched term NEW YORK--(BUSINESS WIRE)--March 23, 1998--Firamada, Inc. (OTC BB: FAMH) today issued approximate calculations relating to their pending merger with a NASDAQ Listed company. The following share considerations are used in subsequent calculations: --Firamada Shares Outstanding: 40,000,000 --NASDAQ Company Shares Outstanding: 1,413,913 --Brokerage Warrant percentage at time of Merger: 4.9% The proposed rate of exchange in the pending merger transaction is 4 to 1 (4 shares of Firamada, Inc. stock for 1 share of the NASDAQ company's stock). Firamada shareholders could calculate their post-merger number of shares by dividing their current number of shares by four (i.e. 100,000 shares before the merger would equal 25,000 shares after the merger). Brokerage warrants will be issued based on the total number of post-merger shares (11,413,913). At 4.9%, the total brokerage warrants would equal 559,282 shares. A post-merger EPS calculation can then be made using the aggregate total number of outstanding shares: 11,973,195 (Firamada post-merger shares of 10,000,000 plus NASDAQ company shares of 1,413,913 plus brokerage warrants totaling 559,282 shares). Firamada's 1997 revenues will be the sole basis for calculating the post-merger EPS. Based of Firamada's pre-merger EPS of $.1085 for 1997, and the proposed post-merger total number of shares (11,973,195), the new EPS calculation for a NASDAQ Listed Firamada company would be approximately $.36. Industry multiples can then be used to ascertain a relative share value using this new EPS: 1998 EPS of $.36 multiplied by an industry multiple of 25 would yield a share value of $9.00. Firamada President, Ira Monas, addressed the potential effect of this aggressive strategy: "We are on top of this opportunity. Negotiations are moving quickly, and we anticipate completing this merger soon. A NASDAQ listing will increase our level of accountability as well as our status. "The result of this merger would raise Firamada's recognized value and credibility considerably. Additionally, this would add leverage to all future negotiations when pursuing new acquisitions." Mr. Monas concluded, "We have some limitations at this time regarding information that can be released. We have to be sensitive to issues relating to the NASDAQ company, but we will continue to put out any information we can. "We have a great group of shareholders, and appreciate their continued support. In light of that, we are continuing our buy-back of Firamada shares. We would suggest that anyone considering investing in Firamada look at our fundamentals and rapid-growth business plan. This plan certainly benefits from being in one of the hottest business sectors in the country." 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. CONTACT: Firamada, Inc: Ira Monas, President Irafm@aol.com or Preferred Financial Marketing Tel: 310 789-1132 Fax: 310 789-1134