To: Jim Spitz who wrote (18134 ) 5/20/1998 10:35:00 AM From: Redhead Respond to of 27968
Here is the release on DLJ directs website... hit business wire 8:31 this morning.. Business Wire FIRAMADA ANNOUNCES APPOINTMENT OF NEW PRESIDENT -------------------------------------------------------------------------------- NEW YORK--(BUSINESS WIRE)--May 20, 1998--Firamada Inc. (OTC-BB:FAMH.O) is pleased to announce that the board of directors Wednesday appointed Randall S. Malinoff to the position of president. Malinoff holds a Bachelor of Science, Business Administration degree. His business background is extensive. The past six years have been spent as vice president of operations. His areas of responsibility included operations, management, planning and designing of growth related projects. He has extensive knowledge and experience of rollout processes and operations development. His management style is one of leadership by example. It is this type of leadership that contributed to sales in his regional offices that set national records. His keen ability at problem solving both with personnel and on the corporate level have made him an ideal negotiator in the acquisitions arena. In announcing the appointment, Arif Adams, CEO of Firamada said, "Randy Malinoff's appointment adds enormous strength to our management team during a year when we are planning considerable expansion in our business." He also added that he was saddened by the resignation of Ira Monas due to ill health. -0- The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this news release (as well as information included in oral statements or other written statements made or to be made by Tigershark Enterprises Inc.) contains statements that are forward-looking, such as statements relating to the future anticipated direction of the marine and recreation industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of Tigershark Enterprises. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, domestic and global economic conditions, changes in federal or state tax laws, and market competition factors. --30--ECQ/la* R/la AJE/la CONTACT: Preferred Financial Marketing, Century City, Calif. Anna Love, 310/789-1132 310/789-1134 (fax) KEYWORD: NEW YORK INDUSTRY KEYWORD: MANAGEMENT CHANGES Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com Copyright 1998, Business Wire