Grass Roots Research and Distribution Initiates Research Coverage on myFreightWorld Technologies
September 24 2010 - 9:00AM
Marketwired
myFreightWorld Technologies Inc. (PINKSHEETS: MYFT) announced today
that Grass Roots Research and Distribution, Inc. has initiated
research coverage on the Company with a buy recommendation and a
price target of $0.88 per share. A direct download of the report
with full disclaimer information is available by logging on to
www.grassrootsrd.com.
"We expect significant growth potential from MYFT's prolific
acquisition of All Modes Transport and expansion of current
business divisions. Revenues are expected to grow from $64.0
million for fiscal year end (FYE) December 31, 2010 to more than
$363.3 million by FYE 2015," according to the report by Grass Roots
Research. "MYFT is an exciting long term investment for long term
risk-averse investors." Individual and institutional investors are
encouraged to visit www.grassrootsrd.com to learn more about
myFreightWorld.
About Grass Roots Research and Distribution,
Inc. The Cohen Independent Research and Grass Roots Research
brand names are recognized worldwide for their comprehensive and
objective micro cap and small cap research. Grass Roots Research
has raised the bar for uniquely insightful, critical analysis
research by forecasting and valuing all of its companies in three
separate result cases over a 5 year time period, which encompasses
key data from the Income Statement, Balance sheet and Cash Flow
statements.
Grass Roots Research and Cohen Research identifies and initiates
non-traditional company research by first selecting smaller cap
companies with management teams focused on shareholder value,
sustainable competitive advantage, and demonstrated market
leadership potential in their respective disciplines. Both Grass
Roots and Cohen Research are owned by D. Paul Cohen. Mr. Cohen
founded the West Coast regional offices of Bear Stearns and Co. For
more information, please visit www.grassrootsrd.com.
About myFreightWorld myFreightWorld
Technologies Inc. (www.myfreightworld.com) provides a Web-based
customer relationship management (CRM) information pipeline to its
third party logistics (3PLs) and motor carrier customers in North
America. The Company's solutions provide complete visibility to
shippers, consignees and other interested parties of shipments
during the shipment life cycle. myFreightWorld has over 100 3PLs
using its products and services. The Company was formerly known as
Anything Brands Online, Inc. and changed its name to myFreightWorld
Technologies Inc. in May 2010.
Safe Harbor Act: The matters set forth in this press release may
contain forward-looking statements regarding myFreightWorld
Technologies Inc. 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 the Company 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 OTC
Pinksheets including the company's Annual Report, Quarterly Reports
and other periodic filings.
Contact: J. Michael Head CEO Email Contact Grass Roots Research
and Distribution, Inc. D. Paul Cohen President Tel: 415 454 6985
www.grassrootsrd.com
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