SOURCE: myFreightWorld Technologies Inc.

January 07, 2011 08:00 ET

myFreightWorld Technologies Elects Russ Hafferkamp as an Independent Director to the Board

OVERLAND PARK, KS--(Marketwire - January 7, 2011) - myFreightWorld Technologies Inc. (PINKSHEETS: MYFT) announced today that Russ Hafferkamp has been elected as an Independent Director to serve on its Board of Directors, effective immediately. Russ brings over 20 years of experience as a marketing strategist, entrepreneur and technology innovator, and currently serves on the Board of Directors of Career Athletes and Board of Advisors for Alumwire, Inc.

"We have worked this past year with Russ on several strategic and financial efforts," said Mike Head, CEO of myFreightWorld. "With Russ' assistance, we have raised approximately $1.4 million from our major shareholders to kick off a $3 million investment capital campaign in 2011. Russ' experience in developing patented technology and market development tools for leading publicly traded companies are also assets to our team. He shares our vision and a commitment to enhancing our technology platform. The Board looks forward to leveraging our combined successes to create an exceptional year of performance in 2011."

"From an independent viewpoint, myFreightWorld possesses a very intriguing opportunity within the 3PL/transportation market," said Mr. Hafferkamp. "During this next decade, shippers and their agents will further require intelligent software capabilities and shipment visibility in order to effectively compete. myFreightWorld is well positioned to become a significant provider of these services in an estimated trillion-dollar industry."

Russ Hafferkamp previously co-founded and served as CEO of multiple technology companies. As the former President and Director of TradePoint Solutions, which was later acquired by Nasdaq-listed DemandTec, Russ oversaw the development of a new B2B electronic communication technology. This technology has since become the world's leading cloud-based software that tracks, services and reconciles trade promotion management in the consumer packaged goods and retail grocery industry. Russ is the co-inventor of record for the "Method and System for Managing Retail Promotion Events" filed with the United States Patent Trade Office.

Russ is concurrently the Founder and CEO of the Athlete Career Network, Inc. and Managing Director and Co-Founder of Kansas-based Career Athletes, a venture-backed social employment network for athletes and college athletic departments. Russ is recognized nationally for his advocacy of career development for collegiate and elite athletes and is the author of CareerBall: The Sport Athletes Play When They're Through Playing Sports and CareerBall: The Athlete Career Guide and Handbook. Russ received his Bachelors of Science and undergraduate studies from San Diego State University and University of California, Santa Barbara.

About myFreightWorld Technologies Inc.

myFreightWorld Technologies Inc. is a business services firm that specializes in providing technology, transportation and supply chain management services to third party logistics managers (3PLs) and transportation intermediaries (TIs), primarily in the United States. Leveraging its proprietary Web-based software platform, the Company provides its 3PL and Motor Carrier customers with a customer relationship management (CRM) information pipeline that provides complete visibility to shippers, consignees and other interested parties of shipments during the entire Shipment Life Cycle. For more information, see www.myfreightworld.com.

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 OTC Pinksheets including the company's Annual Report, Quarterly Reports and other periodic filings.

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