myFreightWorld Technologies Announces Board of Directors and Dividend Status
Date : 04/28/2010 @ 2:17PM
Source : MarketWire
Stock : myFreightWorld Technologies (ANYT)
Quote : 0.0575 -0.0025 (-4.17%) @ 1:38PM
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."
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 Securities and Exchange Commission including the company's Annual Report, Quarterly Reports and other periodic filings.
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