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

To: John Fairbanks who wrote (23236)	8/20/1998 1:59:00 PM
From: JOEY	Respond to of 27968

I guess thats how they found Myriad. FAMH had been in the same situation prior (payroll taxes) and knew what to "say" to Myriad. Hey, it worked for us once, lets do it again ! I wonder if there is a list of companies who are late with the payroll taxes? Joey

To: John Fairbanks who wrote (23236)	8/20/1998 2:03:00 PM
From: tonto	Respond to of 27968

John, is it surprising they have this payroll liability when their payroll financing department is so profitable? <s> 7) PAYROLL FINANCING - Firamada has a finance division that is already showing a net profit of over $373,000 just in the 1st Quarter of this year. Payroll Financing is "factoring." Staffing companies run their invoices through a "Factoring Company." Current rates from factoring companies run about 4.5-5% plus an interest rate. FAMH Factoring (Payroll Financing) only charges 3.5% and NO interest rate. FAMH brokers factoring to other companies - almost pure profit. Very low overhead. You should expect to see a tremendous improvement in their current ratio which will enable them to have sufficient cash to factor in the first place...<s>