SOURCE: myFreightWorld Technologies

myFreightWorld Technologies

May 17, 2010 15:12 ET

myFreightWorld Technologies Announces 40% Increase in Revenues

OVERLAND PARK, KS--(Marketwire - May 17, 2010) -  myFreightWorld Technologies (PINKSHEETS: MYFT) announced today that managed revenues for 1st quarter of 2010 increased by over 40% from 1st quarter of 2009 resulting in a 45% increase in net margin for the same period.

CEO Mike Head released the following statement: "I am pleased with the results from our last and final quarter operating as ANYT. Our team and partners have ramped our technology and systems required for an expected dramatic increase in revenues. We are already experiencing substantial growth in this quarter from the highest back-log of new business in the history of our company. We have several new customers, including Freight Management Inc. and Worldwide Logistics, whose programs are now operational, that were not included in last quarter's revenues. The results from last quarter's efforts have already established a strong increase in managed revenues and are generating significant profits."

Mr. Head also commented: "I am pleased that we were able to manage our expenses during this period of rapid growth and expansion. I expect to release an update on other important matters such as the AGO and ABOL dividend distribution as well as our report on the fully-audited status within days."

Notice on Forward-Looking Statements

myFreightWorld's vision is to realize shareholder value and wealth through monetization of its projects and potential discoveries through partnerships with significant players with ready capital and production expertise. The matters set forth in this press release may contain forward-looking statements regarding myFreightWorld and its business within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements speak only as of the date on which they are made and myFreightWorld undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. Statements are subject to risks and uncertainties that may cause actual results to differ materially. These risks are detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission including the company's Annual Report, Quarterly Reports and other periodic filings.

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