myFreightWorld Technologies Announces ABOL Stock Dividend/Distribution Completion
June 07 2010 - 11:00AM
Marketwired
myFreightWorld Technologies Inc. (PINKSHEETS: MYFT) announced today
that the purchase of the
Anything Brands Online
(ABOL) has been finalized with
Anything
Technologies Media Inc. (ATM), a pink sheet company. All
documents for completion of the sale and all required filings have
been submitted to FINRA by the acquiring company. Distribution of
1 for 1 of the stock to dividend record
holders will take place immediately upon final approval.
CEO Mike Head stated: "We believe that combining ABOL with AMT
will create a much stronger company and will substantially increase
value to our shareholders. While the process took longer than we
would have liked, the result is that ABOL and its business will now
be part of an organization that is much better positioned for
success in their marketplace."
Mr. Head also commented: "We are finalizing the details of the
AGO (Anything Green Online) dividend
distribution and will announce the details prior to June 15th. We
have faced a similar task to the ABOL decision and have devoted the
time to structure what we believe will be the best for MYFT
shareholders. The former management and founders of the ABOL and
AGO have allowed us to take control of this process and have
cooperated with us throughout. We sincerely regret the extra time
these endeavors have required and understand the growing
impatience. We are convinced though, that the extra time is what
was needed for the confidence that we have indeed achieved the best
possible outcome for our shareholders."
Notice on Forward-Looking Statements
myFreightWorld's vision is to realize shareholder value and
wealth through monetization of its projects and potential
discoveries through partnerships with significant players with
ready capital and production expertise. The matters set forth in
this press release may contain forward-looking statements regarding
myFreightWorld and its business within the meaning of the "safe
harbor" provisions of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements speak only as of the date on
which they are made and myFreightWorld undertakes no obligation to
publicly update or revise any forward-looking statement, whether as
a result of new information, future events, or otherwise.
Statements are subject to risks and uncertainties that may cause
actual results to differ materially. These risks are detailed from
time to time in the company's periodic reports filed with the
Securities and Exchange Commission including the company's Annual
Report, Quarterly Reports and other periodic filings.
For Information Contact: MyFreightWorld email: Email
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