IFCR $$$ NEWS
Integrated Freight Delivers Year-End Results
Change in Net Income Increases Over $1,700,000 and Net Equity Is up Nearly $2,000,000
DANBURY, CT -- (Marketwired) -- 07/15/15 -- 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 release of an unaudited annual report for the period ended March 31, 2015.
David N. Fuselier, CEO of Integrated Freight, stated, "In keeping our shareholders fully informed, we have issued an unaudited annual financial report with an explanatory note outlining the circumstances pertaining to the resignation of our independent auditor. As stated in our Form 8-K, filed yesterday, we have engaged a new auditor, however, the timing of these transactions impeded our ability to have the audit completed timely."
"In light of all we have accomplished over the past six months, in bringing the Company's financial reporting to current, we clearly would have preferred the issuance of our 10-K with audited financial statements as planned. Under the circumstances, we determined it to be in the best interest of our shareholders to issue this Form 10-K with unaudited financial statements, rather than awaiting the completion of the audit. Upon completion of the audit, we will file an amended Form 10-K to include the independent auditor's report. We do not anticipate any material changes to the information included in this annual report," Mr. Fuselier emphasized.
