myFreightWorld Technologies Raises $2,000,000 From Existing Accredited Investors
September 28 2010 - 8:30AM
Marketwired
myFreightWorld Technologies Inc. (PINKSHEETS: MYFT) announced today
that it has completed a private capital raise of $2,000,000 with a
group of existing accredited investors.
"This group of individual accredited shareholders have completed
a thorough due diligence of the company, and have decided to
increase their direct investment into our future. Their strong vote
of confidence and loyal support have made it possible for us to now
move forward with our efforts on completing our targeted
acquisitions," said CEO of myFreightWorld, J. Michael Head. "Most
recently, we announced a proposed merger between our retail
division and All Modes Transport, a company with over $10 million
in annual revenues projected for 2011. We plan to continue to
identify and pursue M&A activities that can substantially
increase shareholder value in 2011 and beyond."
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.
For more information, contact: myFreightWorld email: Email
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