MYFT My Freightworld Technologies Inc (CE)

myFreightWorld Technologies (PINKSHEETS: MYFT) re-announced today that managed revenues for 1st quarter of 2010 increased by over 40% from 1st quarter of 2009 resulting in a 45% increase in net margin for the same period.

CEO Mike Head released the following statement: "I am pleased with the results from our last and final quarter operating as ANYT. Our team and partners have ramped our technology and systems required for an expected dramatic increase in revenues. We are already experiencing substantial growth in this quarter from the highest back-log of new business in the history of our company. We have several new customers, including Freight Management Inc. and Worldwide Logistics, whose programs are now operational, that were not included in last quarter's revenues. The results from last quarter's efforts have already established a strong increase in managed revenues and are generating significant profits."

Mr. Head also commented: "I am pleased that we were able to manage our expenses during this period of rapid growth and expansion."

myFreightWorld Technologies (PINKSHEETS: MYFT) re-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.

For Information Contact: MyFreightWorld email: Email Contact