Firamada Appoints D. Robert Albi President/CEO and Elects New Board of
Directors
LONG BEACH, CALIF. (May 26) BUSINESS WIRE -May 26, 1999--Firamada Inc.
(OTC BB:FAMH) Wednesday announced that it has appointed D. Robert Albi
president and chief executive officer.
The appointment of Albi as president and CEO comes after the
resignation of Arif Adam on May 21, 1999. The board has also elected
three new directors, Albi, Frank Idrees and Ben Stephens. Adam will
remain with Firamada as director of Corporate Development and chairman
of the board.
Albi stated: "When you have the kind of growth Firamada has, a solid
infrastructure must be in place. I believe that with a diverse board of
directors and new management team, Firamada has achieved such a goal."
Albi further added, "We are now able to focus on restructuring debt and
enhancing business to become profitable."
Because the Annual Meeting of Shareholders held on April 7, 1999, was
invalid due to improper notice, a special meeting of shareholders will
be held.
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 and its subsidiaries currently operate 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.
-0- mt/la* tjm/la
CONTACT: Firamada Inc.
: D. Robert Albi, 516/536-7240
DAlbi1@AOL.com (e-mail)
: Investor Relations, 562/624-6277
FAMHINVEST@AOL.COM (e-mail)
KEYWORD: CALIFORNIA NEW YORK TEXAS ARIZONA DELAWARE
: INDUSTRY KEYWORD: MANAGEMENT CHANGES Today's News On The Net -
Business Wire's full file on the Internet
with Hyperlinks to your home page.
: URL: http://www.businesswire.com
© 2024 Canjex Publishing Ltd. All rights reserved.