SOUTHBURY, CT--(Marketwired - May 13, 2015) - Integrated Freight Corporation (OTC PINK: IFCR), a niche motor freight carrier providing services on key routes throughout the United States, announced that its FY2015 audited financial results will be filed within SEC reporting requirements. Completing the 2015 annual report is the Company's third and last major milestone in reestablishing compliance with its reporting requirements to the Securities and Exchange Commission.
This third and last milestone, including the three quarter reviews of FY2015, will bring the company fully compliant.
"We anticipate filing our quarterlies in succession; culminating with the filing of our March 2015 10K," said David Fuselier, Integrated Freight's CEO. "This last milestone is essential for Integrated to become, and remain, fully compliant. It is a first for our company and a significant achievement. Our future acquisitions depend on our remaining current and providing timely financial information to shareholders and all parties at interest."
Hank Hoffman, the Company's President, reiterated the importance of consistency and compliance. "In 2014 we provided guidance on revenues of $20,000,000 and positive EBITDA and believe that our guidance for FY2015 will be comparable to FY2014. Once our filings are current we will be able to negotiate further with our lenders for financing and re-financing our operations and future acquisitions."
About Integrated Freight Corporation
Integrated Freight Corporation (OTC PINK: IFCR) provides long-haul, regional and local motor freight service. For its customers, the Company provides dry van and hazardous waste truckload services in well-established traffic lanes in the Upper Midwest, Texas, California and along the Atlantic seaboard. For its shareholders, Integrated Freight acquires operating motor freight companies that build, maintain and deliver shareholder value. The Company's corporate mission is to be the best niche motor carrier in North America.
This press release may contain forward-looking statements, made in reliance upon Section 21D of the Exchange Act of 1934, which involve known and unknown risks, uncertainties or other factors that could cause actual results to differ materially from the results, performance, or expectations implied by these forward-looking statements. The Company's expectations, among other things, are dependent upon economic conditions, continued demand for its products, the availability of raw materials, retention of its key management and operating personnel, its ability to operate its subsidiary companies effectively, need for and availability of more capital as well as other uncontrollable or unknown factors which are more fully disclosed in the Company's 10-Ks and 10-Qs on file with the Securities and Exchange Commission.
We may, from time to time, make additional written and oral forward-looking statements, including statements contained in our filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statements that may be made from time to time by us or on our behalf.