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

To: The Street who wrote (24297)	9/26/1998 10:27:00 AM
From: Freddie Forte	Read Replies (1) \| Respond to of 27968

Ha....Okay. Statement of Operations. The only change from the website was the income tax benefit of 95,874 which reduced the loss from .06 to .05 cents. Note 6: At December 31, 1996 the Company had net carryforward losses of 849,593. Because of the current uncertainty of realizing the benefit of the tax carryforward, a valuation allowance equal to the tax benefit for deferred taxes has been established. The full realization of the tax benefit associated with the carryforward depends predominantly upon the Company's ability to generate taxable income during the carryforward period. In essence, this says that if the company generates taxable income then they can use the tax benefit. Total Outstanding Shares....19,020,620. Only 3,278 shares were issued from December, 1995 through December, 1996.