SOURCE: Integrated Freight Corp

March 23, 2015 09:10 ET

Integrated Freight Corporation and Chapman Associates Settle Amicably

SOUTHBURY, CT--(Marketwired - Mar 23, 2015) - Integrated Freight Corporation (OTC PINK: IFCR) and one of the country's largest transportation Merger and Acquisition firms have settled a long outstanding judgment against Integrated Freight.

"Chapman and Associates is one of the most well regarded transportation Merger and Acquisition firms in the country," said David N. Fuselier, Integrated Freight's CEO. "Since our first meeting in late 2012 we have appreciated their willingness to work with us to settle this judgment. We both believed that we needed to restore the relationship so that we could begin again to work on building Integrated's business. Finalizing this settlement is the renewal of our working together to acquire additional operations."

IFCR's President and COO, Hank Hoffman, stated, "We're excited to begin working together again. We couldn't have a better M and A firm to assist us in acquiring operating units in our established traffic lanes."

The settlement was negotiated by Integrated's management and Chapman's litigation counsel, Wes Johnson, of Goodman Tovrov Hardy & Johnson LLC of Chicago, IL.

About Integrated Freight Corporation

Integrated Freight Corporation (OTC PINK: IFCR) provides long-haul, regional and local motor freight service. For its customers, the Company 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 carriers that build, maintain and deliver shareholder value. The Company's corporate mission is to be the best niche motor carrier in North America.

About Goodman Tovrov Hardy & Johnson LLC.

Goodman Tovrov Hardy & Johnson LLC is a Chicago based full service law firm, practicing in litigation and transactional matters.

Please contact Wesley E. Johnson at (312) 752-4828.

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:

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

    David N. Fuselier
    Chief Executive Officer
    (203) 628-7142