SOURCE: Integrated Freight Corporation

Integrated Freight Corporation

August 05, 2015 11:47 ET

IFCR Reports on Share Issuances

DANBURY, CT--(Marketwired - August 05, 2015) - Integrated Freight Corporation (OTC PINK: IFCR), a niche motor freight carrier providing transportation and logistics services on key routes throughout the United States provided an update on the Company's share issuances.

David N. Fuselier, CEO of Integrated Freight, stated, "Over the past several months management has received conversion notices from legacy note holders to convert debts into stock. During the same period we have issued, as reported in our 10-K, shares in settlement of debts and as compensation for services for management, service providers and professionals. As such, there has been dilution that management believes is not in the normal course of business, but rather extraordinary. We expect this level of dilution to slow in the coming quarters."

Management is preparing to file its first quarter report as its new auditors conclude the Company's Form 10-K. "With the fresh 10-K and the first quarter filing, the Company will be in a very good position to raise much less dilutive forms of capital including preferred shares, mezzanine and senior working capital and equipment facilities," said Fuselier. He continued, "We are actively pursuing all capital formation options available to us and have generated a new power point representing the new structure and operations. In addition, we are working closely with VoiceFlix to complete our new website which will further enhance our capital raise. Lastly, we have begun the work on our S-1 filing."

About Integrated Freight Corporation

Integrated Freight Corporation (OTC PINK: IFCR) provides long-haul, regional and local motor freight service. For its customers, Integrated provides dry van and hazardous waste truckload services in well-established traffic lanes in the Upper Midwest, Texas, California and along the Atlantic seaboard. For its shareholders, Integrated Freight acquires operating motor freight companies that build, maintain and deliver shareholder value. The Company's corporate mission is to be the best niche motor carrier in North America.

This press release may contain forward-looking statements, made in reliance upon Section 21D of the Exchange Act of 1934, which involve known and unknown risks, uncertainties or other factors that could cause actual results to differ materially from the results, performance, or expectations implied by these forward-looking statements. The Company's expectations, among other things, are dependent upon economic conditions, continued demand for its products, the availability of raw materials, retention of its key management and operating personnel, its ability to operate its subsidiary companies effectively, need for and availability of more capital as well as other uncontrollable or unknown factors which are more fully disclosed in the Company's 10-Ks and 10-Qs on file with the Securities and Exchange Commission.

We may, from time to time, make additional written and oral forward-looking statements, including statements contained in our filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statements that may be made from time to time by us or on our behalf.

Contact Information

  • Contact:

    Hank Hoffman
    President and COO
    Integrated Freight Corporation
    (417) 434-1782

    David Fuselier
    CEO
    Integrated Freight Corporation
    (203) 628-7142