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

To: john price who wrote (27383)	4/15/1999 2:01:00 PM
From: Terry D.	Read Replies (1) \| Respond to of 27968

Sound Familiar? LITTLE ROCK, Ark.--(BUSINESS WIRE)--April 15, 1999--StaffMark Inc. (Nasdaq:STAF -news) was accused in a class action lawsuit of fraudulently misrepresenting the Company's expansion capacity and business success. Misleading the investment community caused StaffMark stock to collapse and decimated shareholders investment. Moreover, before the true facts surfaced and just one month prior to the stock's collapse, insiders at StaffMark sold more than $4 million of stock! According to the complaint, filed by Finkelstein & Krinsk, during 1998 executives of StaffMark reported record revenues, a strong pipeline of acquisitions and portrayed the stock as undervalued. In reality, StaffMark eventually revealed that its key Intellimark division had zero growth and that StaffMark's earnings for the first quarter and for the full year of 1999 would be well below expectations. Finkelstein & Krinsk, the prominent San Diego law firm specializing in class action recoveries for the institutional investor, has been retained by StaffMark Inc. shareholders to recover all trading or paper losses for the class period. The complaint particularizes how StaffMark Inc. and its management violated the Securities Exchange Act of 1934 and specifies the company's false statements and omitted material facts. StaffMark Inc. was incorporated in 1996 and purports to be an international provider of diversified staffing and information technology sold along with consulting and solution services for businesses and governmental agencies. The company claims to offer its services through over 300 branches located in 31 states and 12 countries