SOURCE: myFreightWorld Technologies Inc.

myFreightWorld Technologies Inc.

January 05, 2011 08:30 ET

myFreightWorld Technologies Raises an Additional $1.4 Million From Existing Accredited Investors

Funding on Schedule for 2011

OVERLAND PARK, KS--(Marketwire - January 5, 2011) - myFreightWorld Technologies Inc. (PINKSHEETS: MYFT) announced today that a group of existing accredited investors have invested additional capital of $1,400,000 directly into the Company. This initial capital raise is a great start to the Company's scheduled raise totaling $3,000,000 which will be completed in 2011.

myFreightWorld CFO David Churchman stated, "With this capital raise, we are able to eliminate a significant portion of our vendor payables and move forward with our financial audit and necessary filings to become a fully reporting company. We are also in a much stronger position with our vendors, with the ability to negotiate more favorable terms and highly competitive pricing for our customers. We believe 2011 will be the strongest and best year for the Company and our shareholders since our inception."

About myFreightWorld

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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