myFreightWorld Technologies Completes Sale of Anything Brands Online
October 28 2010 - 8:30AM
Marketwired
myFreightWorld Technologies Inc. (PINKSHEETS: MYFT)
(www.myfreightworld.com) today announced that it has sold its
wholly owned subsidiary, Anything Brands Online, Inc. ("ABOL") in a
share-for-share exchange with Anything Technologies Media Inc.
(PINKSHEETS: EXMT) ("ATM"). As part of this transaction, the
majority of EXMT shares received will be issued as a dividend to
myFreightWorld common and Preferred A shareholders of record at May
6, 2010 as previously described. The remaining balance of the
shares received will be held by the Company as an ongoing
investment or as a distribution to all MYFT shareholders at a
future date.
CEO of myFreightWorld Technologies, Inc., J. Michael Head, said,
"Our dividend of EXMT shares is designed to increase value for our
loyal shareholders, and provides a favorable opportunity for them
to receive a greater return on their initial investment. The
transaction also allows us to focus solely on our transportation
business, where we see the most potential for future growth.
Details of how to receive the dividend will be released next week
after we have the procedure nailed down."
Management representatives of Anything Technologies Media Inc.,
commented, "We have a number of different business units that
should continue to generate shareholder value. ATM will continue to
develop its import/export business and has many great opportunities
to expand operations for a wide variety of products and services
from sporting goods to electronics. ATM also specializes in media
and merchandise distribution and fulfillment to help CD and DVD
content owners manufacture and distribute their content to
customers throughout the world, and plans on signing several large
licensing agreements with content owners. The ABOL retail division
has been expanding its product lines in the RV and Electronics
markets as well as all of its proprietary websites and we are
pleased to have it join our company."
About myFreightWorld
myFreightWorld Technologies Inc. is a business services firm
that specializes in providing technology, transportation and supply
chain management services to third party logistics managers (3PLs)
and transportation intermediaries (TIs), primarily in the United
States. Leveraging its proprietary Web-based software platform, the
Company provides its 3PL and Motor Carrier customers with a
customer relationship management (CRM) Information Pipeline that
provides complete visibility to shippers, consignees and other
interested parties of shipments during the entire Shipment Life
Cycle. For more information, see www.myfreightworld.com.
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 OTC
Pinksheets including the company's Annual Report, Quarterly Reports
and other periodic filings.
Contact: J. Michael Head CEO myFreightWorld Technologies Inc.
Tel: 877-549-9438 Email Contact
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