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Integrated Freight Acquires Philadelphia Operation

Wednesday, 03 February 2016 11:18 AM

Integrated Freight Corporation

Expands Northeast Corridor Niche Carrier Strategy

DANBURY, CT / ACCESSWIRE / February 3, 2016 / Integrated Freight Corporation (OTC PINK: IFCR) today announced that it has acquired the stock of SC Trucking, Inc. in a transaction utilizing Integrated's stock and cash. 

"Effective February 1st, we have acquired SC Trucking based in Philadelphia, PA," stated David N. Fuselier, CEO of Integrated Freight Corporation. "SCT is a provider of local and long haul trucking dedicated to the recycling and scrap metals commodities market hauling both ferrous and non-ferrous metals. As an Integrated Freight operation, it expands our penetration further into the Northeast Corridor and enhances our Hartford, CT operations. Similar to our other niche operations, SCT is dedicated primarily to transporting the region's scrap metal commodities. Although we anticipate that the recycled metals market will continue to decline in the foreseeable future, we are confident that SCT's growing market share will be rewarded with the recovery of this commodity market."

Hank Hoffman, President and COO of Integrated Freight, said, "SCT has historically generated over $1,000,000 in revenues and has recently become a dedicated recycling provider to one of the largest retail chains in America. We';re pleased to bring this acquisition on line as we build out the Northeast."

SCT has operated in Philadelphia for over five years and is based in Clifton Heights, PA.

Integrated Freight's management noted that, with the SCT acquisition, run rate revenues will exceed $25,000,000 and be EBITDLA positive.

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.

Forward Looking Statements

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.

Contact:

Hank Hoffman, President and COO
Integrated Freight Corporation
417-434-1782

Jace Simmons, CFO
954-646-5511

SOURCE: Integrated Freight Corporation

Topic:
Mergers and Acquisitions
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