myFreightWorld Technologies Inc. Announces Major Joint Venture and Plans to Become a Reporting Company
June 30 2010 - 9:46AM
Marketwired
myFreightWorld Technologies (PINKSHEETS: MYFT) announced today that
it has formed a joint venture with one of the transportation
industry's most respected companies. The joint venture will be
funded by both companies and private outside investors. The purpose
of the joint venture is to establish the best structure or
structures for the companies to pursue a consolidation strategy
announced earlier this year. CEO of MyFreightWorld Technologies J.
Michael Head stated he expected revenues from the strategy to be
$250 million at the end of stage 1 of the plan.
Head has posted a detailed letter to shareholders on the
company's website at http://www.myfreightworld.com/ceo_letter
explaining the company's plan to become full reporting and his
vision for growth going forward in to the future.
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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