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Monday, May 14, 2012 10:02:18 PM
OVERLAND PARK, KS--(Marketwire - 05/18/11) - myFreightWorld Technologies, Inc. (Pinksheets:MYFT - News), a worldwide provider of freight services and logistics, today clarifies its expected forward 12 month revenues from the recent joint venture agreement with California-based Freight Management Inc. (FMI) and its current operating contracts.The gross effect from the signing of the agreement with FMI, coupled with myFreightWorld's current client base, similarly increases current annualized managed revenue to $268 million. MYFT expects over $25 million in gross revenues to be added over the next 12 months as a consequence of this strategic venture. The company is currently profitable and seeking additional strategic targets to close by year-end.J. Michael Head, CEO of MYFT, stated, "The agreement with FMI will allow MYFT to improve its position in
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