SOURCE: Integrated Freight Corporation

February 01, 2011 08:00 ET

Integrated Freight Retains Chief Financial Officer

SARASOTA, FL--(Marketwire - February 1, 2011) - Integrated Freight Company (http://www.integrated-freight.com) (OTCBB: IFCR) announced today that it has hired Richard R. Confessore, CPA as Chief Financial Officer effective immediately. Mr. Confessore will be in charge of Integrated Freight's financial reporting and accounting on a going forward basis and will be replacing David M. Evins, IFCR's Controller and interim CFO.

Paul Henley, CEO of Integrated Freight Corporation, remarked, "Richard was retained specifically to oversee the accounting and financial aspects of our multi-company acquisition strategy. Supervising the integration of a nation-wide trucking industry roll up is a challenging task, but we believe that he is the ideal candidate for the job. His experience in the public markets will be invaluable as we continue to evaluate and obtain additional acquisition candidates."

Prior to joining IFCR, Confessore most recently provided Florida based SEC Reporting Registrants with a broad spectrum of SEC, US GAAP, Corporate Tax, and Sarbanes Oxley compliance services through his own accounting practice. From 1993 to 2004, he served as Chief Financial Officer for several of these Florida based publicly traded registrants. Confessore has also previously served as CFO of Chris Craft Boats, acting as the internal administrator of the 2000 employee, multi-product, multi-plant $200 million manufacturer. He is a Dean's List graduate of the University of Miami and is a Florida CPA with an active license. His career originally started as an Audit Senior with Arthur Andersen & Co. and presently serves as a concurrent reviewer for a Clearwater based PCAOB Registered accounting firm.

Integrated Freight is a Sarasota, Florida headquartered motor freight company providing long-haul, regional and local service to its customers. The Company specializes in dry freight, refrigerated freight and haz-waste truckload services, operating primarily in well-established traffic lanes in the upper mid-West, Texas, California and the Atlantic Seaboard. Integrated Freight was formed for the purpose of acquiring and consolidating operating motor freight companies. IFCR completed its third acquisition in May of 2010 and in November 2010 reported second quarter revenues of $8.7M.

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 thereunder. 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.

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