First Alert- MYFT "Major News ALERT"
First Alert: MYFT “Major News ALERT” Readers, MYFT bids are building as I write this alert. The news today should be read in conjunction with the CEO Update. This stock is slowly moving up with end of day buying pressure. I own this stock and will trade it as opportunities present themselves.
____________________________________________________________________________________ “myFreightWorld Technologies Inc. Announces Major Joint Venture and Plans to Become a Reporting Company” OVERLAND PARK, KS–(Marketwire – 06/30/10) – myFreightWorld Technologies (Pinksheets:MYFT – News) announced today that it has formed a joint venture with one of the transportation industry`s most respected companies. The joint venture will be funded by both companies and private outside investors. The purpose of the joint venture is to establish the best structure or structures for the companies to pursue a consolidation strategy announced earlier this year. CEO of MyFreightWorld Technologies J. Michael Head stated he expected revenues from the strategy to be $250 million at the end of stage 1 of the plan.
Head has posted a detailed letter to shareholders on the company`s website at http://www.myfreightworld.com/ceo_letter explaining the company`s plan to become full reporting and his vision for growth going forward in to the future.
Link to News & Disclaimer: http://finance.yahoo.com/news/myFreightWorld-Technologies-iw-1705114242.htmlx=0&.v=1 ==============================================================================
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