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News Yesterday
Integrated Freight Corporation Turns Right
Generates $260,000 Net Income as It Announces 10-Q Filing

DANBURY, CT -- (Marketwired) -- 06/16/15 -- Integrated Freight Corporation (OTC PINK: IFCR), a niche motor freight carrier providing transportation and logistics services on key routes throughout the United States, announced the filing of its SEC 10-Q report for the period ended June 30, 2014.

David N. Fuselier, CEO of Integrated Freight, stated, "Today we are reporting the latest significant step in our Company's remarkable turnaround. The filing of this 10-Q is representative of our commitment to becoming SEC compliant. Moreover, the financial results contained in this report demonstrate that our strategy and business development plans have been effective. Two years ago our Company was swamped with losses and substantial debt. Today we are profitable thanks to the efforts of our dedicated employees and stakeholders and our aggressive turnaround plan. We're pleased to announce our first quarterly profit."

Financial Summary:

For the QE 6/30/2014 revenue decreased slightly from the same period the previous year to $4,986,000. However, Operating Expenses were down over 5% for the quarter resulting in a 12% improvement in operating profit and a net income of $268,000 compared to a quarterly loss the previous year. Key areas of Operating Expense improvement in the quarter were General and Administrative, Fuel, and Insurance/Claims which combined totaled 74% of the cost reductions. For the quarter the Company posted EBITDA of $720,000, a 25% increase over the same period last year. The Company also reported settlements with creditors and noteholders totaling over $1,600,000 for $188,000 cash and the issuance of IFCR stock.

"Successfully executing a turnaround plan is tough business and we still have much more to do," said Hank Hoffman, IFCR president. "However, we believe that our organic and acquisition growth strategies are sound and that we are well-positioned in our specialty truckload markets to prosper. With the bulk of the turnaround effort behind us, our focus is now on hitting the numbers that our employees and shareholders deserve."

About Integrated Freight Corporation Integrated Freight Corporation (OTC PINK: IFCR) provides niche 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.


Contact:

Hank Hoffman
President and COO
Integrated Freight Corporation
417-434-1782

David Fuselier
CEO
Integrated Freight Corporation
203-628-7142