MYFT My Freightworld Technologies Inc (CE)

myFreightWorld Technologies, Inc. (PINKSHEETS: MYFT) announced today that it wished to clarify its plans pertaining to its subsidiaries Anything Brands Online, Inc. "ABOL" and Anything Green Online, Inc. "AGO."

The Company (MYFT) intends to authorize a new series of preferred stock that will have the sole right to any distributions of proceeds received from the sale of its ABOL and AGO subsidiaries. The preferred shares will be issued to MYFT shareholders at May 6, 2010 on a pro rata basis as found on the Company's shareholder ledger and NOBO list. The Company will reserve an appropriate number of preferred shares for issuance to objecting beneficial owners (OBO); however, it will be the responsibility of those OBO shareholders to contact the company with proof of ownership of their common shares at May 6, 2010 by June 10, 2011 to receive their preferred shares.

Federal securities rules and laws will require that all preferred shares issued under the new preferred series be restricted from sale until such shares are registered by the Company with the Securities and Exchange Commission. Upon the receipt of all proceeds from sale of ABOL and AGO and distribution of such proceeds by the Company to the holders of such preferred shares, such preferred shares will have no further right to distributions. The preferred shares will have no voting rights nor any right to share in the profits or other dividends of the Company, except with respect to proceeds resulting from the sale of the ABOL and AGO subsidiaries.

As stated in prior news releases, the Company is waiting for definitive agreements and the final documentation pertaining to the sale of ABOL and AGO and will issue a news release upon consummation of such transactions and actual issuance of such preferred shares.

CEO J. Michael Head said, "We have made and will continue to make every effort to maximize shareholder value with respect to our subsidiaries while being fair and acting within federal securities rules and laws. Our record date was set at May 6, 2010 because it's the only historical date that we could obtain that had a record of our shareholders enabling a fair pro-rata issuance of the new series of preferred stock."

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 Pinksheets including the company's Annual Report, Quarterly Reports and other periodic filings.

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