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very nice
very well said !!!
come on mike throw us some ask slapping news.
nice day a little more volume and boom.
started off strong then got wacked down. MYFT WILL PREVAIL. I PERSONALY WILL CONTINUE TO BUY ALWAYS AT THE ASK .MYFT IS A REAL COMPANY WITH REAL REVENUE. WHETHER IT IS SHORTING OR SOMEBODY BID BUYING.MYFT WILL RUN AND WHEN IT RUNS IT WILL RUN HARD .25 WILL BE A DEAL THEN.IMHO
SULLY624
I'AM LOVIN IT LETS SEE IF WE CAN SMACK THOSE .06S STACKED ON LEVEL 2 .BUT YES EVEN THE .045 WOULD BE SWEAT.
BLAH BLAH BLAH.
1,139,366 buys 236,500 sells 20.37% nice day .maybe we see last years .25 then .50 i think we are just getting started. IMHO
SULLY624
WELCOME wonderingthoughts HAD NETWORK ISSUES TODAY SO I SEE SKY ALREADY SUMMED IT UP FOR YOU. JUST TO REINERATE.
-Reduces the time from weeks to hours for stock deposits / withdrawals into brokerage accounts;
-Eliminates the risk associated with the loss & replacement of stock certificates;
-Eliminates brokerage fees associated with processing and shipping physical certificates;
-Increases liquidity
I LIKE MY FLUFF WITH PEANUT BUTTER
THIS PR WAS MORE LIKE AN APPETIZER FOR WHAT APPEARS TO BE A TASTY MEAL COMING OUR WAY.
SULLY624
Deposit/Withdrawal at Custodian - DWACWhat Does Deposit/Withdrawal at Custodian - DWAC Mean?
The automated system for deposits and withdrawals of securities from the Depository Trust Company (DTC).Investopedia explains Deposit/Withdrawal at Custodian - DWAC
This electronic method of clearing options speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors.
just waiting for some funds to clear and will do some more ask slapping.
little more support and up she goes.
we will be there soon .added a bit last week . those .025 and .03 are sure easy to gobble up after buying .12 .14 .21 .i will add all the way back to .25 hopefully in the near future. if it takes a little longer iam fine with that to .how many pinks have REAL REVENUE like myft.
everybody have a great weekend
sully624
WELCOME ALL THE MORE POST MAYBEE WE WILL GET SOME ATTENTION. JMOA
MAYBE WE BREAK THRU .03 WOULD MAKE FOR A NICE WEEKEND.
could the winds be changing.
14.6% i like it.
GOING GREEN SHAREHOLDER FRIENDLY!!!
GREAT DAY NICE CLOSE.
can not wait for 4Q FINANCIALS hopefully then an audit . then you will say MYFT stands for my favorite thing.
SULLY624
myFreightWorld Technologies Reports Third Quarter Financial Results
Date : 11/17/2010 @ 1:22PM
Source : MarketWire
Stock : myFreightWorld Technologies Inc. (MYFT)
Quote : 0.0248 0.0048 (24.00%) @ 4:04PM
myFreightWorld Technologies Reports Third Quarter Financial Results
MY Freightworld Tech (USOTC:MYFT)
Historical Stock Chart
2 Months : November 2010 to January 2011
myFreightWorld Technologies Inc. (PINKSHEETS: MYFT) (www.myfreightworld.com) announced today its unaudited financial results for the third quarter ended September 30, 2010. Full details are available at www.pinksheets.com.
During the quarter, myFreightWorld continued to focus on increasing its non-contractual revenue, while reducing its contractual revenue. Contractual revenue is defined by collecting revenues from the end user (customer) and then paying carriers under contract. Non-contractual revenue is defined by providing software and services to customers for a fee and without a contract, and the customer pays the carrier.
"In 2010, we made a strategic move toward higher margin revenue streams, primarily from our non-contracted business, which greatly reduces our working capital requirements as compared to our contracted business," said president and CEO of myFreightWorld, J. Michael Head. "As a result, our non-contractual revenues posted a gain of 225% year-over-year in the third quarter of 2010, and increased by nearly 120% year-to-date compared to the same period of last year. This growth is attributed to establishing a new customer base as well as converting some of our contractual customers into non-contractual users."
"The fact that we were able to maintain our net margins, and general and administrative costs, resulted in a 5% increase in our Earnings Before Income Taxes, Depreciation and Amortization (EBITDA) in the third quarter of 2010. We were able to control costs, despite growing our non-contracted business at such a fast pace. This demonstrates the scalability and success of our new business model. We are positioned to continue our top-line growth from non-contractual revenues, and should continue to grow EBITDA in 2011. We may also evaluate a return to contractual revenue should market trends change or a new growth opportunity arises," added Head.
The Company's third quarter of 2010 results included the acquisition of All Modes Transportation, Inc. on September 1, 2010, which added $370,000 in revenue, $67,000 in gross margin, and reduced EBITDA and net income by a total of $1,909. "We experienced higher interest costs due to the completion of our acquisition, but intend to raise capital in the near future to pay this off in full," added Head. "All Modes is our second acquisition to-date, and we continue to combine our retail division with their operations. This integration will allow us to substantially reduce our overhead and provide a more cost-efficient operating platform to attract future acquisitions and continue our strong, internal growth."
The Company plans to host a conference call to discuss its third quarter 2010 financial results shortly following the Thanksgiving holiday. Details of the call will be issued in a forthcoming press release.
About myFreightWorld Technologies, Inc.
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.
(financial table follows)
myFreightWorld Technologies Inc. Income Statement for the Three- and Nine-
Months Ended September 30 (Figures include All Modes Transportation, Inc.)
Q3 Q3 % YTD YTD %
2009 2010 Change 2009 2010 Change
Contracted
Revenue $4,274,269 $2,245,672 -47.5% $12,704,699 $ 7,532,323 -40.7%
Non-
Contracted
Revenue $2,245,672 $7,308,382 225.4% $ 7,788,737 $17,109,015 119.7%
Managed
Revenue $6,519,941 $9,554,054 46.5% $20,493,436 $24,641,338 20.2%
========== ========== ======= =========== =========== =======
Gross
Revenue $4,274,269 $2,245,672 -47.5% $12,704,699 $ 7,532,323 -40.7%
Gross Margin $ 754,308 $ 568,265 -24.6% $ 2,188,806 $ 1,623,985 -25.80%
Commissions $ 326,834 $ 148,938 -54.43% $ 1,058,869 $ 442,923 -58.17%
---------- ---------- ------- ----------- ----------- -------
Net Margin $ 427,474 $ 419,327 -1.91% $ 1,129,937 $ 1,181,062 4.52%
G & A
Expenses $ 346,629 $ 334,625 -3.46% $ 1,019,326 $ 1,070,513 5.02%
EBITDA $ 80,845 $ 84,702 4.77% $ 110,611 $ 110,549 -0.06%
Interest and
Depreciation $ 16,602 $ 112,352 576.74% $ 46,499 $ 316,622 580.92%
---------- ---------- ------- ----------- ----------- -------
Net Income $ 23,000 -$27,650 -220.22% $ 64,112 -$206,073 -421.43%
========== ========== ======= =========== =========== =======
Contact:
J. Michael Head
CEO
myFreightWorld Technologies Inc.
Tel: 877-549-9438
Email Contact
GREAT DAY SOLID CO. WITH REAL REVENUE NOT A STINKY PINKY.GREAT JOB EVERYBODY.
THANKS LETS SLAP THAT ASK
PUT IN .03 FILLED @ .0248 AND .0249
I WILL GET THE .03
I SMELL .03 A COMING.
WELL SAID.
BHAR !!!
I DO BELIEVE. GO MYFT
GLOW PLUGS STARTING TO WARM UP MYFT ENGINES .
ALL ABOARD!!!
YOU MAY BE 100% CORRECT . BUT MY MOOD RING SAYS BUY.
HOW MANY OF US WISH WE WOULD HAVE PURCHASED MORE SHARES @.02 WHEN THIS BABY WAS SITTING @.25 LAST YEAR.GOING TO TAKE ADVANTAGE MIGHT NOT SEE IT THIS LOW EVER AGAIN .
DANG WACKERS LETS BEAT THEM AT THER OWN GAME.
LOCKED AND LOADED SEE YOU AT THE FINISH LINE.
GOT FRESH CHEESE TIME TO PICK UP SOME MORE AT THESE ROCK BOTTOM PRICES. AT THE ASK OF COURSE.
Home › November 17, 2010
November 17, 2010
myFreightWorld Technologies Reports Third Quarter Financial Results
Non-Contractual Revenue Increases 225%; EBITDA Improves on New Business Strategy
OVERLAND PARK, KS--(Marketwire - November 17, 2010) - myFreightWorld Technologies Inc. (PINKSHEETS: MYFT) (www.myfreightworld.com) announced today its unaudited financial results for the third quarter ended September 30, 2010. Full details are available at www.pinksheets.com.
During the quarter, myFreightWorld continued to focus on increasing its non-contractual revenue, while reducing its contractual revenue. Contractual revenue is defined by collecting revenues from the end user (customer) and then paying carriers under contract. Non-contractual revenue is defined by providing software and services to customers for a fee and without a contract, and the customer pays the carrier.
"In 2010, we made a strategic move toward higher margin revenue streams, primarily from our non-contracted business, which greatly reduces our working capital requirements as compared to our contracted business," said president and CEO of myFreightWorld, J. Michael Head. "As a result, our non-contractual revenues posted a gain of 225% year-over-year in the third quarter of 2010, and increased by nearly 120% year-to-date compared to the same period of last year. This growth is attributed to establishing a new customer base as well as converting some of our contractual customers into non-contractual users."
"The fact that we were able to maintain our net margins, and general and administrative costs, resulted in a 5% increase in our Earnings Before Income Taxes, Depreciation and Amortization (EBITDA) in the third quarter of 2010. We were able to control costs, despite growing our non-contracted business at such a fast pace. This demonstrates the scalability and success of our new business model. We are positioned to continue our top-line growth from non-contractual revenues, and should continue to grow EBITDA in 2011. We may also evaluate a return to contractual revenue should market trends change or a new growth opportunity arises," added Head.
The Company's third quarter of 2010 results included the acquisition of All Modes Transportation, Inc. on September 1, 2010, which added $370,000 in revenue, $67,000 in gross margin, and reduced EBITDA and net income by a total of $1,909. "We experienced higher interest costs due to the completion of our acquisition, but intend to raise capital in the near future to pay this off in full," added Head. "All Modes is our second acquisition to-date, and we continue to combine our retail division with their operations. This integration will allow us to substantially reduce our overhead and provide a more cost-efficient operating platform to attract future acquisitions and continue our strong, internal growth."
The Company plans to host a conference call to discuss its third quarter 2010 financial results shortly following the Thanksgiving holiday. Details of the call will be issued in a forthcoming press release.
About myFreightWorld Technologies, Inc.
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.
(financial table follows)
myFreightWorld Technologies Inc. Income Statement for the Three- and Nine-Months Ended September 30 (Figures include All Modes Transportation, Inc.)
Q3 Q3 % YTD YTD %
2009 2010 Change 2009 2010 Change
Contracted Revenue $ 4,274,269 $ 2,245,672 -47.5 % $ 12,704,699 $ 7,532,323 -40.7 %
Non-Contracted Revenue $ 2,245,672 $ 7,308,382 225.4 % $ 7,788,737 $ 17,109,015 119.7 %
Managed Revenue $ 6,519,941 $ 9,554,054 46.5 % $ 20,493,436 $ 24,641,338 20.2 %
Gross Revenue $ 4,274,269 $ 2,245,672 -47.5 % $ 12,704,699 $ 7,532,323 -40.7 %
Gross Margin $ 754,308 $ 568,265 -24.6 % $ 2,188,806 $ 1,623,985 -25.80 %
Commissions $ 326,834 $ 148,938 -54.43 % $ 1,058,869 $ 442,923 -58.17 %
Net Margin $ 427,474 $ 419,327 -1.91 % $ 1,129,937 $ 1,181,062 4.52 %
G & A Expenses $ 346,629 $ 334,625 -3.46 % $ 1,019,326 $ 1,070,513 5.02 %
EBITDA $ 80,845 $ 84,702 4.77 % $ 110,611 $ 110,549 -0.06 %
Interest and Depreciation $ 16,602 $ 112,352 576.74 % $ 46,499 $ 316,622 580.92 %
Net Income $ 23,000 -$27,650 -220.22 % $ 64,112 -$206,073 -421.43 %
For Information Contact: MyFreightWorld info@myfreightworld.com
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..
Earnings Preview: YRC Worldwide's Quarterly Results will be Reported in 3 days (YRCW)
0 minutes ago - Comtex Smartrend(r)
Related Companies
Symbol Last %Chg
YRCW 0.395 0.00%
As of 4:00 PM ET 7/30/10
Analysts, on average, expect YRC Worldwide (NASDAQ:YRCW) to report a loss of $0.09 on sales of $1.2 billion on August 03, 2010.
For the full year, analysts expect the company to post a loss of $0.54. In the year-ago period, the company reported a loss of $3.53 on sales of $1.3 billion.
In the previous quarter, the company reported a loss of $0.51, missing consensus estimates for a loss of $0.46.
SmarTrend is bullish on shares of YRC Worldwide and our subscribers were alerted to Buy on July 12, 2010 at $0.18. The stock has risen 125.7% since the alert was issued.
Write to Chip Brian at cbrian@tradethetrend.com
---------------------------------------------------------------------------------------------
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Readers,
Once again rumors are spreading that more merger/acquisitions are in the works.
I recommend everyone keep a close watch on MYFT for a possible surge in volume
and price. The .15 area could easily be tested again on any acquisition news.
Daily Market Review
Readers,
I want to welcome you to my free "First Alert" newsletter service. I send out a
Daily Market Recap and a Weekly Market Recap under "First Alert". I also send
many company profiles for investment consideration but the choice is ultimately
yours to buy, trade, hold or sell a security mentioned. Do your due diligence
and then do more due diligence making prudent investment choices. I will seldom
write telling someone what to buy or when to sell what was bought. Those
choices are your own.
FirstAlertStocks, OTCStockReporter, Willy's Financial Terminal, Willy's First
Alert , Willy's First Alert OTCBB and Wall Street Terminal are owned by First
Alert Financial LLC. All emails are sent under the title First Alert".
Thank you,
Harold Engel
________________________________________________________________
MYFT: MYFT has firmed up putting in a short term bottom. MYFT continues to keep
my interest. It seems the float is tight at this time, not much selling. MYFT
is in the building/acquisition/merger phase so I believe a lot of interesting
events are ahead for shareholders. Today's Close $0.099
MYFT LOOKING GOOD