SARASOTA, FL--(Marketwire - Oct 5, 2011) - Integrated Freight Corporation ("Integrated Freight" or the "Company") (OTCBB: IFCR), a rapidly growing motor freight company, today announced that it has initiated the first phase of its capacity expansion plan following the execution of its agreement with Hillair Capital Investments L.P. This agreement will enable the Company and its four operating subsidiaries to begin the growth of its capacity base by over 30% in the next several months. "Historically, Integrated Freight has grown through acquisition," said Paul Henley, CEO of Integrated Freight, "and this organic growth is a healthy way to meld our companies into a single unit and, more importantly, to improve our ability to care for our customers' needs." Integrated Freight Corporation operates four business units serving niche markets ranging from refrigerated organic produce to specialty paper to hazardous waste. "The combination of strong demand in our primary markets and our continued low driver turnover rate signal the perfect opportunity to grow the business organically," said company president Hank Hoffman.
About Integrated Freight Corporation
Integrated Freight Corporation (OTCBB: IFCR) is a Sarasota, Florida headquartered motor freight company providing long-haul, regional and local service to its customers. The Company specializes in dry and refrigerated truckload services, operating primarily in well-established traffic lanes in the Upper Midwest, Pacific Northwest, Texas, California and the Atlantic seaboard. Integrated Freight was formed for the purpose of acquiring and consolidating operating motor freight companies and incorporated in the state of Florida in 2008. Integrated Freight's mission is to build a safe, reliable, high-quality national freight carrier and customized logistics service with a diverse customer base that is well-positioned in growing profitable markets. Integrated Freight completed its fourth acquisition in April of 2011 and recently reported record quarterly revenues for Q1 of the 2012 fiscal year ended June 30, 2011 of $13.0M. For more information, please visit http://www.integrated-freight.com.
Safe Harbor Statement
The foregoing press release contains forward-looking statements, including statements regarding the company's expectation of its future business and earnings, subject to the safe harbor provisions for forward-looking statements provided in the Securities Exchange Act and the regulations there under. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the company's control. Actual results could differ materially from these forward-looking statements. Additional risks that could affect our future operating results are more fully described in our filings with United States Securities and Exchange Commission. These filings are available at www.sec.gov.
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