My Freightworld Technologies Inc (MYFT)

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myFreightWorld Technologies Inc. Announces Major Joint Venture and Plans to Become a Reporting Company
My Freightworld Technologies, Inc. Common Stock (USOTC:MYFT)
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2 Months : June 2010 to August 2010
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myFreightWorld Technologies (PINKSHEETS: MYFT) announced today that it has formed a joint venture with one of the transportation industry's most respected companies. The joint venture will be funded by both companies and private outside investors. The purpose of the joint venture is to establish the best structure or structures for the companies to pursue a consolidation strategy announced earlier this year. CEO of MyFreightWorld Technologies J. Michael Head stated he expected revenues from the strategy to be $250 million at the end of stage 1 of the plan.

Head has posted a detailed letter to shareholders on the company's website at http://www.myfreightworld.com/ceo_letter explaining the company's plan to become full reporting and his vision for growth going forward in to the future.

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.