SOURCE: myFreightWorld Technologies Inc.

myFreightWorld Technologies Inc.

September 12, 2011 09:15 ET

myFreightWorld Technologies Expands Management Team

Adds Financial and Operational Executives to Continue Path to Profitability

OVERLAND PARK, KS--(Marketwire - Sep 12, 2011) - myFreightWorld Technologies Inc. (PINKSHEETS: MYFT) announced today the hiring of Nick Gentry, Vice-President of Finance, and Drew White, Vice-President of Operations, as two experienced and key executives to the Company; both Nick and Drew will play a vital role in efficiently guiding the Company forward to profitability.

Nick Gentry brings over 25 years of finance expertise across multiple industries, working with both public and private companies, serving domestic and global markets. Mr. Gentry has a Bachelor's degree in Accounting from the University of Missouri and an MBA from Rockhurst College.

Mr. White's diverse experience includes sales, marketing, operations, strategic planning and business development with a strong emphasis in accounting. Mr. White has served in numerous management roles at Sprint and began his career at Ernst & Young. Mr. White holds MBA and Accounting degrees from the University of Kansas.

Over the last year and a half MYFT has experienced explosive growth. Managed Revenue from June 2010 to June 2011 has increased 101%, and average daily shipments during that same period have increased 98%. The initial benefit of hiring Messrs. Gentry and White will be a reduction in overheads from eliminating a part-time consulting team previously in those positions, as well as the dedication of a "24/7" leadership team to manage these key functions. Messrs. Gentry and White are already well into the various operational and accounting/financial functions to effect changes that will make the Company more efficient, while better serving our customers. The Company continues actively to pursue other opportunities to further round out its senior management team.

Among Mr. Gentry's first priorities will be to engage a nationally recognized audit firm to conduct an audit for the year ending December 31, 2011. In addition, the Company will now be filing timely quarterly financial reports conforming to GAAP, and will conduct a quarterly conference call after the earnings release to discuss the quarter's performance, provide forward-looking guidance, and answer questions. Additional information can be found at:

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 suppliers of shipments during the entire Shipment Life Cycle. For more information, see

myFreightWorld's mission is to realize shareholder value and wealth through monetization of its projects and potential discoveries through partnerships with significant participants 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 consequence of new information, future events, or otherwise. Statements are subject to risks and uncertainties that may cause actual outcomes 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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