SOURCE: Integrated Freight Corporation

August 10, 2015 15:10 ET

Integrated Freight: Steady Fundamentals

DANBURY, CT--(Marketwired - August 10, 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 communications and fundamentals, including dilution and valuation.

David N. Fuselier, CEO of Integrated Freight, stated, "Last week, I was forthright in presenting our expectations for current and intermediate dilution. I mentioned at that time that there would be some additional dilution from legacy and current financings in the coming quarters, including this as yet un-filed quarter. However, to be clear, in the process of Integrated's turnaround it can, and will, progress to other forms of capital support to include private placements and mezzanine and/or senior debt facilities. In any case, Management recognizes its obligation to mitigate dilution in order to maximize shareholder value. As such, management may offer to convert a substantial portion of its common equity into preferred equity."

"Integrated Freight does not have a turnaround execution problem but, rather, a valuation problem," said Hank Hoffman, Integrated President. "Presently, IFCR's enterprise value is approximately $12,000,000 or $.017 per share while our market capitalization hovers around $.001 per share. At this time, the truckload industry average P/E ratio is over 17X while that of IFCR is less than 1X. Management, at the parent and subsidiary levels, will remain focused on delivering sound customer service with good cost control. We believe that operational fundamentals will ultimately lead to the market fundamentals that our investors value."

Shareholders can expect communication to increase in the coming weeks as we announce events that are significant to the company's growth and stature as a public entity.

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