SOURCE: myFreightWorld Technologies

myFreightWorld Technologies

September 28, 2010 08:30 ET

myFreightWorld Technologies Raises $2,000,000 From Existing Accredited Investors

OVERLAND PARK, KS--(Marketwire - September 28, 2010) -  myFreightWorld Technologies Inc. (PINKSHEETS: MYFT) announced today that it has completed a private capital raise of $2,000,000 with a group of existing accredited investors.

"This group of individual accredited shareholders have completed a thorough due diligence of the company, and have decided to increase their direct investment into our future. Their strong vote of confidence and loyal support have made it possible for us to now move forward with our efforts on completing our targeted acquisitions," said CEO of myFreightWorld, J. Michael Head. "Most recently, we announced a proposed merger between our retail division and All Modes Transport, a company with over $10 million in annual revenues projected for 2011. We plan to continue to identify and pursue M&A activities that can substantially increase shareholder value in 2011 and beyond."

About myFreightWorld
myFreightWorld Technologies Inc. (www.myfreightworld.com) provides a Web-based customer relationship management (CRM) information pipeline to its third party logistics (3PLs) and motor carrier customers in North America. The Company's solutions provide complete visibility to shippers, consignees and other interested parties of shipments during the shipment life cycle. myFreightWorld has over 100 3PLs using its products and services. The Company was formerly known as Anything Brands Online, Inc. and changed its name to myFreightWorld Technologies Inc. in May 2010.

Safe Harbor Act: The matters set forth in this press release may contain forward-looking statements regarding myFreightWorld Technologies Inc. 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 the Company 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.

Contact Information

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