Friday, 06 February 2015 10:55 AM
SOUTHBURY, CT / ACCESSWIRE / February 6, 2015 / Integrated Freight Corporation (OTC: IFCR), has executed a letter of intent to acquire a specialized motor carrier to add to its operations. Specifics regarding the carrier, terms of the deal, and its place in IFCR's long-term strategy will be released upon closing of the acquisition. Closing is anticipated by the end of IFCR's March fiscal year end.
David N. Fuselier, Integrated's CEO said, "Integrated Freight's strategy includes organic growth as well as growth through acquisitions. We believe there are multiple small to medium-sized truckload candidates that mirror our service model and will add value to our business. Such acquisitions will enable IFCR to increase density on our most profitable specialized cargo routes. Moreover, we will remain focused on our core niche business segments-hazardous materials, dedicated accounts, and other specialized cargo."
About Integrated Freight Corporation
Integrated Freight Corporation (OTCQB: IFCR) provides long-haul, regional and local motor freight service. For its customers, the Company provides dry van and hazardous waste truckload services in well-established traffic lanes in the Upper Midwest, Texas, California and along the Atlantic seaboard. For its shareholders, Integrated Freight acquires operating motor freight companies that build, maintain and deliver shareholder value. The Company's corporate mission is to be the best niche motor carrier in North America.
Forward Looking Statements
This press release may contain forward-looking statements, made in reliance upon Section 21D of the Exchange Act of 1934, which involve known and unknown risks, uncertainties or other factors that could cause actual results to differ materially from the results, performance, or expectations implied by these forward-looking statements. The Company's expectations, among other things, are dependent upon economic conditions, continued demand for its products, the availability of raw materials, retention of its key management and operating personnel, its ability to operate its subsidiary companies effectively, need for and availability of more capital as well as other uncontrollable or unknown factors which are more fully disclosed in the Company's 10-Ks and 10-Qs on file with the Securities and Exchange Commission.
We may, from time to time, make additional written and oral forward-looking statements, including statements contained in our filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statements that may be made from time to time by us or on our behalf.
Contact:
Henry P. (Hank) Hoffman, President and COO
Integrated Freight Corporation
Telephone: (417) 434-1782
SOURCE: Integrated Freight Corporation