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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?


To: EaglePutt who wrote (1533)5/1/1998 1:48:00 PM
From: Rose Rose  Read Replies (1) | Respond to of 25711
 
Anyone watching FAMH? News out less than an hour ago, and volume's really picking up.

Here's the news. Note that Myriad (and hence, Firamada) will have an additional $33 million in revenue.
--------------------
Firamada Control Initiates $33 Million Increase in Myriad Revenues

NEW YORK--(BUSINESS WIRE)--May 1, 1998--Firamada, Inc. announced today they have assumed operational control of Myriad Employment Services, Inc., a $55 Million Long Beach CA based staffing company. Firamada's closing on the Myriad acquisition clears the way for an additional $33 Million increase in contracted business. This increase is above the $55 Million in annual revenues currently generated by Myriad and
elevates Myriad's projected 1998 revenues to nearly $90 Million.

Firamada CEO Arif Adam and President Ira Monas are currently in California implementing management and operational changes. The transition is proceeding along smoothly and should be completed shortly.

Firamada also announced they have made the initial $1 Million payment to the IRS' San Diego office per a settlement reached with the IRS to eliminate Myriad's tax obligation.

Mr. Monas commented on the positive effect this will have on Myriad's immediate future. ''Myriad has in excess of $33 Million worth of employment agreements which have been held pending resolution of Myriad's tax obligation. Firamada's settlement agreement on
that obligation allows these employment contracts to be implemented. This means over $33 Million worth of additional business can now be added to Myriad's books and, consequently, Firamada's 1998 revenues. Needless to say, we are very excited as this makes us even more optimistic about Firamada's 1998 revenue projections.''

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.



To: EaglePutt who wrote (1533)5/1/1998 1:54:00 PM
From: Mykldee  Respond to of 25711
 
<<I have a daughter may be will name her GiNII...hehehe>>

<GGG> 8-)

Michael D



To: EaglePutt who wrote (1533)5/1/1998 3:19:00 PM
From: E  Respond to of 25711
 
The URL for GNII is:

rbcglobenet.com

I talked to a distributor of their products yesterday, he asked me to post it. If it's been done already, sorry.

This fellow has turned his whole IRA and SEP investments into nothing but GNII, and bought more today.

If anyone wants his name and number, PM me.

He said there will be a few minutes at the beginning of the conference call on Sunday and Monday, 11 pm, about the stock. That number, again, is 916 689 9156

Elsa



To: EaglePutt who wrote (1533)5/3/1998 12:44:00 AM
From: makin_dough99  Read Replies (1) | Respond to of 25711
 
Watch GNII action Monday and Tuesday - after the conference call is heard by all the major distributors.