Firamada Inc. Sets Annual Shareholder Meeting Date
Business Wire - March 04, 1999 11:18
LONG BEACH, Calif.--(BUSINESS WIRE)--March 4, 1999--Firamada Inc. (OTC BB:FAMH) issued the following statement Thursday, March 4:
To our shareholders:
You are invited to attend the first Annual Meeting of Stockholders of Firamada Inc. The meeting will be held Wednesday, April 7, 1999, at 9:30 a.m., local time, at the Westin Hotel located at 333 East Ocean
Blvd., Long Beach, California, 90802.
At this meeting, Stockholders will be voting on the following actions that have been unanimously supported by the Board:
-- Approve an amendment to the company's Articles of Incorporation,
-- Approve an amendment to the company's Bylaws,
-- Elect five directors to the Board of Directors,
-- Adopt the 1998 Stock Option Plan,
-- Grant the Board of Directors the authority to exercise a reverse
stock split,
-- And ratify the selection of Merdinger, Fruchter, Rosen and Corso,
P.C. as the company's independent auditors for the fiscal year
1998.
The accompanying notice describes these proposals.
Your vote is important, regardless of how many shares you own. A detailed Proxy Statement, Stock Option Plan, and Exhibits have been reassembled and will arrive shortly. Certified financial statements for
the year ended 1998 will also be available at the meeting. Please take a few minutes to complete, sign and date your proxy sheet. Any stockholder attending the Annual Meeting may vote in person even if he
or she has returned a proxy sheet.
Sincerely,
Arif Adam Chairman of the Board President and Chief Executive Officer
Notice of Annual Meeting of Shareholders
to Be Held on April 7, 1999
To the Shareholders of Firamada Inc.:
You are cordially invited to attend an Annual Meeting of Shareholders of Firamada Inc., a Texas corporation (the "Company"), which will be held at the Westin Hotel, 333 East Ocean Boulevard, Long Beach,
California, at 9:30 a.m., local time, on April 7, 1999, to consider and act upon the following matters, all as more fully described in the Proxy Statement which is incorporated herein by this reference:
1. To adopt Amended and Restated Articles of Incorporation;
2. To grant the Board of Directors the authority to amend the
Bylaws;
3. To elect five directors to serve until the next annual meeting of
shareholders;
4. To adopt the Company's 1998 Stock Option Plan;
5. To authorize the Board of Directors, in its sole discretion, to
proceed with a reverse stock split not to exceed a 1 for 50
split, with a cash-out option to minority shareholders for
fractional shares. If authorized, no assurance can be given that
the Board of Directors will proceed in the future with the
implementation of a reverse stock split;
6. To ratify Merdinger, Fruchter, Rosen and Corso, P.C. as the
Company's auditors for the period ended December 31, 1998;
7. To transact such other business as may properly come before the
meeting or any adjournment thereof.
The foregoing items of business are more fully described in the Proxy Statement. Shareholders of record of the Company's common stock at the close of business on December 31, 1998, the record date fixed
by the Board of Directors, are entitled to notice of, and to vote at, the meeting. Those who cannot attend the Annual Meeting of the shareholders are urged to sign, date, and otherwise complete the enclosed
proxy and return it promptly.
By Order of the Board of Directors Secretary
Source: Firamada, Inc.
CONTACT: Firamada Inc.
Investor Relations
562/624-0779
E-Mail: FAMHInvest@AOL.COM
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