SOURCE: The Fronthaul Group

May 04, 2006 09:19 ET

The Fronthaul Group Receives Strong Upgrade by Respected Research Firm

(OTC: FHAL) Receives Speculative Buy Rating and $.40 Price Target From TSC, Inc.

ROCKWALL, TX -- (MARKET WIRE) -- May 4, 2006 -- The Fronthaul Group, Inc. (OTC BB: FHAL) is pleased to announce a well-respected firm, TRI-STATE Capital (TSC), has upgraded their equity rating on FHAL. This strong upgrade comes at a time when the company is closing the first of several acquisitions and the anticipated subsequent revenue growth. Revenue growth is based on signed letters of intent to acquire 100% of the total assets of several trucking companies. These acquisitions will increase their fleet and resources substantially. Included in these acquisitions will be office space for operations, a mechanics shop, and a fenced yard for securing equipment. Fronthaul will also assume existing contracts, which include Fortune 500 companies.

TSC is noted for their work with account executives, analysts, portfolio managers, institutions, venture capital investors, individual investors and the media. To view the entire independent research report, please click on the attached URL: http://www.otclive.com

Mike Alexander, President of The Fronthaul Group, states, "We are honored to have a quality independent research firm review our overall operations, progress and to provide the resulting upgrade in our stock. This offers further confirmation to our shareholders that our company is headed in the right direction." Mr. Alexander further stated, "We are now beyond sustainability. We have not only acquired fleets of semi-tractors, but we have acquired existing Fortune 500 contracts from a local trucking company."

For more information about The Fronthaul Group, Inc., call 1-972-722-9999 or visit http://www.fronthaul.com.

About The Fronthaul Group:

The Fronthaul Group is a Delaware corporation with branch offices in Rockwall, TX. The Fronthaul Group expects to grow their business specifically in the areas of 3rd party logistics, Transportation Brokerage, and Motor Carrier services. The Fronthaul Group is the only referral-based marketing transportation logistics brokerage and currently has over 4000 members.

Forward-Looking Statements:

This press release contains forward-looking statements. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. There are a number of factors that could cause actual results and developments to differ materially.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause the actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission.

Contact Information

  • Contact:
    The Fronthaul Group
    2233 Ridge Road Suite 102
    Rockwall, TX 75087
    888-293-4285
    Email Contact