Monday, July 11, 2011 8:59:39 PM
Mike Head stated his desire to go to the Naz, I have every reason to believe that will happen in the future as well.
I stated this before and it seems to mesh with the May 18th PR.
J. Michael Head, CEO of MYFT, stated, "The agreement with FMI will allow MYFT to improve its position in the retail LTL market and will be a significant value add for several future vertical integration targets. Our focus is not to be a small participant, but a global influence in the worldwide logistics markets. Our 'Roll Up' strategy will be executed as a separate retail operation and will be independent of our IT and services activity in order to maintain integrity in our mission to serve the 3PL market only. We have talked to several target roll up companies that have expressed an interest as soon as we are in a position to regenerate our strategy."
In summary IMO, MYFT will be independent stand alone serving the 3PL market.
If it is indeed true the Cloud software platform is everything that we think (and I think) it is, Mike will roll up complimentary companies and structure it similar to ECHO. MYFT could very well have a competitive advantage.
Seat belts fastened?
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