SOURCE: Integrated Freight Corporation

June 09, 2015 11:28 ET

Integrated Freight Foresees Red in the Rearview

Carrier Will Run Over Its Stop Sign Next Week

DANBURY, CT--(Marketwired - Jun 9, 2015) - Integrated Freight Corporation (OTC PINK: IFCR), a niche motor freight carrier providing transportation and logistics services on key routes throughout the United States, updated its compliance guidance as it approaches becoming current in its filings.

Today Integrated Freight announced that it will complete its FY2015 quarterly filings by the end of next week thereby becoming current in its SEC filings. These filings will mark the first time in nearly four years that the company has been compliant pursuant to SEC regulations.

Integrated's CEO, David N. Fuselier, was effusive about the significance of the event, "These filings will mark the beginning of the company's future as a small, robust public company and as an acquirer of niche motor carriers. We fully expect that the Stop Sign on our stock will be removed soon after our filings are made. The only time we expect to see the stop sign again is in our rearview mirror." Fuselier continued, "This has been an Integrated Freight team effort of which we all should be proud. Our subsidiary operators and controllers, together with our audit professionals, have endeavored to establish protocols that can now be utilized in our ongoing reporting efforts. Moreover, we believe that these established reporting protocols have improved our organization's ability to measure and report not only financial information but also other key operating statistics."

Integrated Freight Corporation has provided guidance that it will generate $20,000,000 in FY2015, with positive EBITDA, and no events of default with its subsidiary lenders. It has also reported that it will acquire significant revenues in its second fiscal quarter.

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 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

    David N. Fuselier
    Integrated Freight Corporation