MYFT My Freightworld Technologies Inc (CE)

myFreightWorld Technologies Inc. (PINKSHEETS: MYFT) announced today that its Board of Directors has accepted the resignation, effective today, of J. Michael Head, President and CEO of the Company. The Board has unanimously appointed Kevin C. Childress, 54, as its new President and CEO. Mr. Head will remain on the myFreightWorld Board of Directors, but will step aside as CEO of myFreightWorld to pursue the leadership of a new transportation-related venture.

Wayne Auer, Special Director of myFreightWorld, said, "I am delighted to welcome Kevin to our Company as CEO. Kevin brings years of success in general management to his new job. His previous experience, particularly at NIC, Inc., a Nasdaq traded company, will benefit our customers, our employees and our shareholders. I also wish to thank Mike Head for his many years of service and leadership and look forward to working with Mike in the future."

Mr. Childress previously served as NIC's inaugural Chief Financial Officer, helped lead that company's successful initial public offering, and later served as the head of strategy and marketing. More recently, Mr. Childress founded and served as CEO of Serra Energy Holdings before selling his stake in that company.

About myFreightWorld Technologies, Inc.

myFreightWorld Technologies Inc. is a business services firm that specializes in providing technology, transportation and supply chain management services to third-party logistics managers (3PLs) and transportation intermediaries (TIs), primarily in the United States. Leveraging its proprietary Web-based software platform, the Company provides its 3PL and Motor Carrier customers with a Customer Relationship Management (CRM) information pipeline that provides complete visibility to shippers, consignees and other interested suppliers of shipments during the entire Shipment Life Cycle. For more information, see www.myfreightworld.com.

myFreightWorld's mission is to realize shareholder value and wealth through monetization of its projects and potential discoveries through partnerships with significant participants with ready capital and production expertise. The matters set forth in this press release may contain forward-looking statements regarding myFreightWorld and its business within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements speak only as of the date on which they are made and myFreightWorld undertakes no obligation to publicly update or revise any forward-looking statement, whether as a consequence of new information, future events, or otherwise. Statements are subject to risks and uncertainties that may cause actual outcomes to differ materially. These risks are detailed from time to time in the company's periodic reports filed with the OTC Pinksheets including the company's Annual Report, Quarterly Reports and other periodic filings.

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