InvestorsHub Logo
Followers 238
Posts 28185
Boards Moderated 0
Alias Born 07/08/2009

Re: None

Friday, 04/30/2010 2:04:22 PM

Friday, April 30, 2010 2:04:22 PM

Post# of 640523
myFreightWorld Technologies Announces Board of Directors and Dividend Status

OVERLAND PARK, KS -- (Marketwire)
04/28/10
myFreightWorld Technologies (PINKSHEETS: ANYT) www.myfreightworld.com released the names of its new Board of Directors today:

Chairman of the Board: Wayne Auer / Founder and CEO of Cactus Software and Co-Founder of myFreightWorld Technologies. Mr. Auer will oversee all facets of the company including all technology-related aspects of the company.

Director: J. Michael Head / Founder and CEO of myFreightWorld Technologies. Mr. Head will continue leading all aspects of the company with a special focus on Mergers & Acquisitions and Investor/Stockholder relations.

Director: Patrick J. O'Malley / Founder and President of Shamrock Holdings. Mr. O'Malley will provide insight and oversight for the Executive Staff of MFWT.

Director: Timothy C. Norton / President of Anything Brands Online. Mr. Norton will oversee all existing Anything Brands Programs & Dividends for ABOL/AGO.

CEO Mike Head commented: "Our initial BOD has been part of MFWT since the beginning, except for Tim Norton who has familiarity with historical transactions of ABOL. We will add three outside director positions over the coming months and years, as appropriate, as we grow. I intend to solicit directors that will have experience at the executive level of a public logistics company. We have four of the largest public logistics companies in the country as customers today. I have begun talking to candidates already."

Mr. Head issued the following statement regarding dividends/distributions for ABOL/AGO:

"I would like to assure our shareholders that the distribution of the ABOL retail division and the AGO division will take place and we will release full details of our plans prior to May 1st. One thing that came to my attention was that the original press releases announcing the dividends involved different shareholder of record dates from the extended May 1st date. We intend to pay the dividend based on the shareholders' holdings as of both dates. The dividend will be paid on the higher number of shares held on the two dates. Timing of the distributions will be dependent on a number of alternatives that we are exploring at the present time as well as regulatory requirements. Full disclosure of the plans and requirements will be made as quickly as possible. My only criteria in evaluating options are to complete the separation quickly while protecting and maximizing shareholder value."



testing 1 2 3

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.