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

To: Mr. Jens Tingleff who wrote (27500)	5/11/1999 1:24:00 PM
From: Gravitar	Read Replies (1) \| Respond to of 27968

Firamada Announces Agreements WithPayroll 1 of Los Angeles Inc. May 11, 1999 01:18 PM LONG BEACH, Calif.--(BUSINESS WIRE)--May 11, 1999--Firamada Inc. FAMH Tuesday announced that it has entered into a marketing cooperation agreement and payroll agreement with Payroll 1 of Los Angeles Inc. Under the agreements, Firamada will receive all of its payroll administration and reporting services from Payroll 1 of Los Angeles. In addition, Payroll 1 of Los Angeles has agreed to cooperate in the marketing of Firamada's leasing and staffing services to Payroll 1 of Los Angeles' present and future customers. D. Robert Albi, executive vice president of Firamada, stated: "The agreements with Payroll 1 of Los Angeles are consistent with Firamada's commitment to growth through synergistic relationships. Through Payroll 1 of Los Angeles, we will have access to more than 1,600 clients who employ approximately 27,000 employees." Wayne G. Sluman, president of Payroll 1 of Los Angeles, added: "These agreements are very exciting for both of our companies. They will allow us to provide additional employer/employee services to our rapidly growing client bases. It will also put us in a very competitive position when compared to other payroll providers and/or professional employer organizations. "The economies of scale which will be realized by this venture can only help increase the client bases of both our companies through more innovative and aggressive pricing approaches." Firamada is a national staffing and professional employer organization specializing in high-end temporary staffing, information technology placement, employee leasing and permanent placement personnel. Firamada currently operates offices in California, New York, Texas, Arizona and Delaware. For additional information on Firamada products and services, access the company's Web site at www.firamadainc.com.