SOURCE: Integrated Freight Corporation

April 09, 2015 13:17 ET

Integrated Freight to Announce 2014 10-K Filing

SOUTHBURY, CT--(Marketwired - Apr 9, 2015) - Integrated Freight Corporation (OTC PINK: IFCR), a niche motor freight carrier providing services on key routes throughout the United States, announced that its FY2014 audited financial results will be filed within the next ten (10) business days. Completing the 2014 annual report is the Company's second major milestone in re-establishing compliance with its reporting requirements to the Securities and Exchange Commission as a public company. The third, and final, SEC reporting milestone is the issuance of its three quarterly reviews for FY2015, which will bring Integrated Freight into full compliance soon after its 2014 10-K filing.

Integrated Freight previously provided guidance on revenues of $20,000,000 and positive EBITDA during the fiscal period ending March 2014. "Our operations show consistency of top line revenues and this consistency provides the basis for future acquisitions and continued development of shareholder value over the long term," said Integrated's CEO, David N. Fuselier. "Becoming compliant and timely in our filings is another form of operating consistency that is required by our shareholders and lenders. Our management team is committed to the value of consistency."

"We are pleased that during the period we have maintained both our working capital and equipment facilities with no events of default," said Integrated's President Hank Hoffman. "Integrated continued to generate revenues over $20.1 million while maintaining margins and improving EBITDA. These results demonstrate that our operations are clearly on the right track for our customers, employees, and future business development."

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:
    Henry P. (Hank) Hoffman
    Integrated Freight Corporation
    President and COO
    Email Contact