just out!!!!!! PRESS RELEASE Integrated Freight:
Post# of 1873
Posted On: 08/10/2015 3:22:02 PM
just out!!!!!!
PRESS RELEASE
Integrated Freight: Steady Fundamentals
Published: Aug 10, 2015 3:10 p.m. ET
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DANBURY, CT, Aug 10, 2015 (Marketwired via COMTEX) -- Integrated Freight Corporation (otc pink:IFCR), a niche motor freight carrier providing transportation and logistics services on key routes throughout the United States provided an update on the Company's communications and fundamentals, including dilution and valuation.
David N. Fuselier, CEO of Integrated Freight, stated, "Last week, I was forthright in presenting our expectations for current and intermediate dilution. I mentioned at that time that there would be some additional dilution from legacy and current financings in the coming quarters, including this as yet un-filed quarter. However, to be clear, in the process of Integrated's turnaround it can, and will, progress to other forms of capital support to include private placements and mezzanine and/or senior debt facilities. In any case, Management recognizes its obligation to mitigate dilution in order to maximize shareholder value. As such, management may offer to convert a substantial portion of its common equity into preferred equity."
"Integrated Freight does not have a turnaround execution problem but, rather, a valuation problem," said Hank Hoffman, Integrated President. "Presently, IFCR's enterprise value is approximately $12,000,000 or $.017 per share while our market capitalization hovers around $.001 per share. At this time, the truckload industry average P/E ratio is over 17X while that of IFCR is less than 1X. Management, at the parent and subsidiary levels, will remain focused on delivering sound customer service with good cost control. We believe that operational fundamentals will ultimately lead to the market fundamentals that our investors value."
Shareholders can expect communication to increase in the coming weeks as we announce events that are significant to the company's growth and stature as a public entity.
About Integrated Freight Corporation
PRESS RELEASE
Integrated Freight: Steady Fundamentals
Published: Aug 10, 2015 3:10 p.m. ET
0
DANBURY, CT, Aug 10, 2015 (Marketwired via COMTEX) -- Integrated Freight Corporation (otc pink:IFCR), a niche motor freight carrier providing transportation and logistics services on key routes throughout the United States provided an update on the Company's communications and fundamentals, including dilution and valuation.
David N. Fuselier, CEO of Integrated Freight, stated, "Last week, I was forthright in presenting our expectations for current and intermediate dilution. I mentioned at that time that there would be some additional dilution from legacy and current financings in the coming quarters, including this as yet un-filed quarter. However, to be clear, in the process of Integrated's turnaround it can, and will, progress to other forms of capital support to include private placements and mezzanine and/or senior debt facilities. In any case, Management recognizes its obligation to mitigate dilution in order to maximize shareholder value. As such, management may offer to convert a substantial portion of its common equity into preferred equity."
"Integrated Freight does not have a turnaround execution problem but, rather, a valuation problem," said Hank Hoffman, Integrated President. "Presently, IFCR's enterprise value is approximately $12,000,000 or $.017 per share while our market capitalization hovers around $.001 per share. At this time, the truckload industry average P/E ratio is over 17X while that of IFCR is less than 1X. Management, at the parent and subsidiary levels, will remain focused on delivering sound customer service with good cost control. We believe that operational fundamentals will ultimately lead to the market fundamentals that our investors value."
Shareholders can expect communication to increase in the coming weeks as we announce events that are significant to the company's growth and stature as a public entity.
About Integrated Freight Corporation
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