The complete pr from FAMH corrected, cut and pasted with no modifications. If anyone wants an email of this, or has MS investor, it is easily verified. THE TIME STAMP IS IN BOLD. For others, sorry about this, but it easily shows what a deceptive person LE is, and it also highlights the turnabout done by ATXI.
1)
Firamada, Inc. Signs Mutual Letter ofIntent to Gain Control of Atrix International, Inc. -NASDAQ: ATX-
March 27, 1998 04:40 PM
NEW YORK--(BUSINESS WIRE)--March 27, 1998--Firamada Inc. FAMH today announced they have submitted a Mutual Letter of intent with Atrix International, Inc., Listed company on the NASDAQ Stock Exchange. Firamada will gain 100% control of Atrix International, Inc., subsequent to an agreement now being negotiated.
Industry analysts are calling this action, orchestrated by Firamada President Ira Monas, brilliant and aggressive. This agreement would greatly enhance Firamada's share value and provide strength and stability of Atrix International, Inc. The letter of Intent has been signed and agreed by Firamada Inc. only and submitted for approval and waiting for agreement from Atrix board of directors.
1. The agreement states that Atrix International, Inc. shall acquire 100% of Firamada's outstanding stock (non-dilutable). Firamada Inc. shareholders shall receive a ratio of 1 share of Atrix stock for 4 shares of Firamada stock.
2. Upon signing of Acquisition Agreement, the Board of Directors of
Atrix International, Inc. shall resign. Concurrent with said
resignation, a new Board of Directors will be appointed by
Firamada, Inc., completing the total transfer of ownership back to
Firamada, Incorporated.
3. Firamada management will transfer all staffing service company
assets (including the Myriad Employment Services acquisition,
tentatively scheduled to close Friday, April 3rd) to Atrix
International, Inc.
4. The "new company" will retain the name Atrix, International, and
will continue to be traded on the NASDAQ exchange under the symbol
ATXI.
Transaction Summary: Firamada Inc.'s intent is to attain NASDAQ status as quickly as possible. By first allowing Atrix International, Inc. to acquire Firamada's outstanding stock, Atrix is the acquiring company of record (and continues to trade in the same manner under the symbol ATXI). Per terms of the Agreement, Firamada, Inc. then places its own Board of Directors in Atrix and assumes full control of Atrix International. This two-step process allows Firamada to trade immediately as ATXI, a NASDAQ Listed company.
Firamada, Inc. President Ira Monas, directly stated the impact this Agreement would have on the future of Firamada. "The completion of this Agreement would be the single most significant step taken in the 20-year history of Firamada. By allowing Atrix to first acquire Firamada's stock, followed by a transfer of ownership back to Firamada, we immediately achieve the stature of a NASDAQ company.
"We are in an extremely unique position laden with potential. I want the shareholders to realize that this Agreement would result in out Company (Firamada) assuming 100% control of Atrix International, Inc., and that we would be up and trading as a NASDAQ Listed stock from day one.
"Our staffing sector of the business market is red hot, and industry multiples are still climbing. A NASDAQ Listing will help share holders to realize full value of our company's stock, and future growth should be reflected in the Company's stock price much more quickly. This move will bring increased respect and opportunity, and will generate real excitement for our Company in the market."
Firamada, Inc. has set a preliminary Agreement completion date of April 15th, subject to negotiations and conditions necessary to finalize said Agreement.
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.
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2)
Atrix International Denies Signing Letter of Intent
March 27, 1998 05:51 PM
MINNEAPOLIS, March 27 /PRNewswire/ -- Atrix International ATXI has denied that it has signed a letter of intent to be acquired by Firamada Inc.
Steven D. Riedel, Atrix International's President and Chief Executive Officer did confirm that the Company has had discussions with individuals claiming to represent Firamada, but he characterized those discussions as preliminary.
"The release by Firamada and/or its representatives claiming to have reached an agreement to acquire Atrix International is inaccurate, and misleading," Riedel stated.
Atrix International, Inc. is a leading edge manufacturer of remote metering and copy control products. The Company is also a manufacturer of toner vacuums, vacuum filters and printed circuit board transport cases for the office machine industry, and distributes tools and instrumentation for field service organizations throughout the world. The common stock of Atrix is traded on Nasdaq under the symbol ATXI. SOURCE Atrix International, Inc.
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who's fooling who? You are the master of deception, hiding behind a persona, spinning lies.
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