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

To: Luminous who wrote (19804)	5/28/1998 9:13:00 PM
From: Double Dipper	Respond to of 27968

To all, A little deja vu, I just found this post on another stock link concerning FAMH expectations from Feb. ------------POST FOLLOWS---------- J. Baker - 01:39pm Feb 20, 1998 GMT This is a $0.28 stock that is making money, and which you may wish to investigate: Firamada (OTC:BB FAMH) 40 Wall Street, 32nd Floor New York, NY 10005 Phone number: (212) 425-2168 or Toll Free 1-888-831-2442 CEO: Arif Adam President: Ira A Monas PR FIRM: Preferred Financial Marketing 1-310-789-1132 AUDITING FIRM: Marcum and Kliegman mkllp.com SEC FILINGS: FAMH begins as a reporting company effective Jan 1, 1998. Their first Audited Financial Statement is scheduled to be made public around Mar 1, 1998. The 10-K for 1997 is supposed to be filed with the SEC as soon as possible. PR Newswire INFO PAGE: prnewswire.com (This includes recent Press Releases) E-MAIL: irafm@aol.com TOTAL SHARES AUTHORIZED: 100 Million TOTAL SHARES OUTSTANDING: Apx 41 Million FLOAT: Apx 10 Million INSIDER HOLDINGS: Apx 31 Million (Virtually ALL Restricted) SUMMARY of FINANCIAL STATEMENT: (Unaudited. Thru 6-30-97) Message 2783503 (A detailed copy of this financial statement is available from the company) Audited Financials are expected in early March 1998. 1997 Revenues: (Estimated) $8.5 Million 1997 EPS: Firamada President expects 10-11 cents (from Conference Call on 1-22-98) 1998 Revenues Projection: $75 - 80 Million Projections are based on revenues and growth from existing offices plus Myriad Employment ($60 Million), 4-6 additional offices (either acquisitions or new offices planned for 1998). Firamada expects a gross margin of 26-30% which exceeds the industry average of 19-24%. In the conference call of 1-29-98, Firamada President indicated that we should see at least $60 Million just from the existing offices (including Myriad) without accounting for growth of those offices. GENERAL BUSINESS INFO: FAMH is a temporary staffing company. They currently have 6 offices (not including the corporate office at 40 Wall Street, NY, NY). Since several of the offices have been acquired, you may find them under the following names: Encompass Staffing of Success Staffing. FAMH just went public last spring (1997), so this is their first year as a public company. FAMH says their profits are expected to be slightly higher than the industry average because they are moving away from the low margin business (low range bulk temps) and focusing, instead, on the high profit end of the business (upscale permanent placements). Firamada's finance subsidiary created in September showed a net profit of $73,645.25, in its first month of operation. EXISTING OFFICES: Encompass Staffing 67 Wall Street, Suite 2411 New York, NY 10005 (212) 269-4777 Encompass Staffing 2730 North Stemmons Freeway West Tower Suite 1210 Dallas, TX 75207-2256 (214) 688-0711 (888) 523-9962 Encompass Staffing (New office opened in November, 1997) 10850 Richmond Ave Houston, TX 77042 (713) 334-5665 Success Staffing 602 W 6th St., Suite D Rolla, MO 65401 (573) 368-5782 (888) 368-5782 Success Staffing 3020 E Camelback RD, Third Floor Phoenix, AZ 86016 (602) 955-6657 (888) 956-6657 ??? (Small NY Acquisition) ??? Acquired on or about 1-28-98 Still researching address PLANNED ADDITIONAL OFFICES (New & Acquisitions): FAMH is completing an acquisition of Myriad Employment, a private employee leasing company that operates in California and Utah. The company says Myriad did approximately $45-50 Million in revenue for 1997. Of this amount, about $38 Million is in long term contracts. Myriad was acquired for 2.5MM shares of stock, $350K Cash, and assumption of approximately $1.5MM in debt. The debt is also personally guaranteed by the principals of Myriad. The 2.5MM shares are restricted, some for 12 months, some 18 months, and some 24 months. Myriad Employment, 249 E. Ocean Blvd. #800, Long Beach, CA 90802 Phone: 562-624-6277 Fax: 562-624-6292 To facilitate g Anthony Marks - 07:55am Mar 23, 1998 GMT (#1 of 1) This stock seems to be on the move, It's up 100% in about a month. should be hitting someones radar screen. Anthony --------END OF POST Seems like some of these predictions came true others are still out there to be realized. Kevin