SOUTHBURY, CT / ACCESSWIRE / January 28, 2015 / Integrated Freight Corporation (IFCR), following a complex three year turnaround process, confirms its earlier guidance for revenues and EBITDA during the restructuring period. These results will be confirmed with the Company's soon-to-be released audited SEC filings. Moreover, these filings will announce, for the first time in its seven year history solid revenues and profitability.
David N. Fuselier, Integrated's CEO said, "We're proud of our team's progress during this difficult, but necessary, restructuring process. We plan to continue our disclosure and guidance efforts for our shareholders and the investing public by becoming fully reporting in a matter of days. Our senior management and staff have sacrificed daily for the benefit of our creditors and shareholders to ensure that our freight operations are the best in the small cap market; which they are."
Integrated's President and COO, Hank Hoffman, reiterated the Company's progress, "While this restructuring has been long and difficult, it has ended. There are some issues remaining to be resolved but we've reached a point where growth is our primary focus."
Integrated Freight is issuing further guidance that it will:
- Post revenues for each of the last two fiscal years at nearly $20 million or more;
- Exhibit solidly profitable EBITDA results, comparable or above its peers, for both FYE March 31, 2013 and 2014.
- Continue discussions to acquire carriers within its traffic lanes.
Management also noted that this guidance is in stark contrast to the Company's posted FYE March 31, 2011 and 2012 EBITDA losses totaling $21 million.
About Integrated Freight Corporation
Integrated Freight Corporation (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.
Henry P. (Hank) Hoffman, President and COO
Integrated Freight Corporation
Telephone: (417) 434-1782
SOURCE: Integrated Freight Corporation