To: Omnichrome who wrote (14162 ) 4/28/1998 1:55:00 PM From: dexx Read Replies (1) | Respond to of 27968
Firamada, Inc. Acquires Delaware Staffing Company NEW YORK--(BUSINESS WIRE)--April 28, 1998--Firamada, Inc. announced today they have acquired Financial Recruiting and Consulting, a niche market staffing and consulting firm located in Wilmington, Delaware. Financial Recruiting and Consulting specializes in placing credit, collection, customer service and systems personnel in the Wilmington area. Financial Recruiting and Consulting currently generates annual revenues of $1+ Million. The President of Financial Recruiting and Consulting, Mr. Francis DiMichele, brings 18 years of experience in the banking and staffing fields and is a mainstay in the Delaware marketplace. Mr. DiMichele expressed enthusiasm in assessing his company's new business partner, Firamada, Inc. ''I am very pleased to be on board with a 20-year-old family-grown company like Firamada. I have found Mr. Arif Adam (Firamada CEO) to be a gracious and ethical business partner, and I look forward to working within the context of their aggressive growth plan.'' Terms of the purchase of Financial Recruiting and Consulting included cash and an on-going employment agreement to retain the services of Mr. DiMichele. Firamada, Inc. (OTC Bulletin Board:FAMH - news) is a national staffing company specializing in providing high-end temporary staffing, Information Technology (IT) placements, employee leasing and permanent placement personnel. Firamada's staffing locations include New York, Texas, Arizona, Missouri and California. Additionally, Firamada underwrites outside payroll financing for other staffing companies and re-insures workman's compensation plans. Firamada, Inc. also is co-producing the upcoming nationally syndicated Morton Downey, Jr. Television Talk Show. This press release contains forward-looking statements with respect to the results of operations and business of the Company that involves risk and uncertainties. The Company's actual future results could materially differ from those discussed. 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.