Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K DATED MAY 10, 2010 - INTEGRATED FREIGHT Corp | form8k051010.htm |
| EX-10.1 - INTEGRATED FREIGHT Corp | ex1018k051010.htm |
| EX-16.1 - INTEGRATED FREIGHT Corp | ex1618k051010.htm |
Exhibit
99.1
PlanGraphics,
d/b/a Integrated Freight, Completes Acquisition of Triple C Transport,
Inc.
SARASOTA,
FL--(Marketwire - 05/18/10) - PlanGraphics, Inc., d/b/a Integrated Freight
(OTC.BB: PGRA - News) (http://www.integrated-freight.com/), announced today that
it has completed the acquisition of Triple C Transport, Inc. headquartered in
Doniphan, Nebraska.
Paul
Henley, CEO of PlanGraphics, remarked, "We are excited to have Triple C as part
of the Integrated Freight family. The strength of its management will be a
valuable asset. Craig White, Triple C's founder, has joined our Board of
Directors. Triple C's location is a strategic fit with the two existing
subsidiaries in Arkansas and Nebraska and expands our business in refrigerated
freight. Triple C Transport earned revenues of over $18 million in 2009,
unaudited."
Triple C
Transport originally started as CL White Trucking in the early 1980's hauling
livestock. In 1994, the name was changed to White Farms Trucking, Inc. with an
exclusive focus on refrigerated freight. Triple C Transport and White Farms
Trucking have been reorganized in connection with the acquisition. The fleet has
over 100 tractors equipped with the latest satellite tracking and communication
systems and utilizes advanced software systems throughout the business. Dispatch
and drivers are dedicated and pride themselves on customer service and
safety.
PlanGraphics
recently acquired Integrated Freight Corporation in a "reverse merger" and has
filed a preliminary Schedule 14C with the SEC to obtain stockholder approval of
a name change to "Integrated Freight Corporation" and a reverse stock split of 1
to 244.8598. PlanGraphics is registered under the Securities Exchange Act of
1934. PlanGraphics provides truckload motor freight services through two
subsidiaries, Morris Transportation located in Hamburg, Arkansas and Smith
Systems Transportation located in Scotts Bluff, Nebraska. For more information
about the Company, please visit http://www.integrated-freight.com.
The
foregoing press release contains forward-looking statements, including
statements regarding the company's expectation of its future business and
earnings. These forward-looking statements are subject to a number of risks and
uncertainties, many of which are beyond the company's control. Actual results
could differ materially from these forward-looking statements