Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News
SYS-CON.TV
Cloud Expo & Virtualization 2009 East
PLATINUM SPONSORS:
IBM
Smarter Business Solutions Through Dynamic Infrastructure
IBM
Smarter Insights: How the CIO Becomes a Hero Again
Microsoft
Windows Azure
GOLD SPONSORS:
Appsense
Why VDI?
CA
Maximizing the Business Value of Virtualization in Enterprise and Cloud Computing Environments
ExactTarget
Messaging in the Cloud - Email, SMS and Voice
Freedom OSS
Stairway to the Cloud
Sun
Sun's Incubation Platform: Helping Startups Serve the Enterprise
POWER PANELS:
Cloud Computing & Enterprise IT: Cost & Operational Benefits
How and Why is a Flexible IT Infrastructure the Key To the Future?
Click For 2008 West
Event Webcasts
myFreightWorld Technologies, Inc. Reports Q3 Net Loss, Improving Cash Flow; Conference Call Scheduled for Friday, November 16

OVERLAND PARK, KS -- (Marketwire) -- 11/14/12 -- myFreightWorld Technologies, Inc. (PINKSHEETS: MYFT) announced a third quarter net loss of ($817,233) vs. a loss of ($440,038) in the prior year's third quarter. For the nine months ended September 30, 2012, the company reported a net loss of ($2,099,665) vs. a net loss of ($2,738,791) in the prior year's comparable period.

All Modes, our truckload subsidiary, was unprofitable during every quarter over the past twelve months and its discontinuance will improve the Company's margins and profits going forward. MYFT is now utilizing its own assets and employees to pursue the truckload brokerage.

Revenue for the 2012 quarter was $1,072,771, down from $1,979,113 in the same quarter last year. This decrease was principally due to the migration from LTL contract shipments to noncontract along with an LTL contract customer loss in September 2011 as well as the planned loss of a large noncontract customer.

For the nine months ended September 30, revenues were $4,728,217 vs. $6,077,456 in the prior year period. This decrease was principally due to the migration from LTL contract shipments to noncontract along with an LTL contract customer loss in September 2011 as well as the planned loss of a large noncontract customer.

Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA), net of non-cash expenses for compensation and consulting fees, was ($314,363) in the quarter vs. ($288,500) in the prior year quarter. For the nine months ended September 30, 2012, EBITDA improved to ($824,536) from ($973,818) in the prior year's comparable period.

The Company's net cash flow from operations improved in both the third quarter of 2012 as well as the nine months ended September 30. For the quarter, net cash from operating activities improved to ($192,964) in 2012 from ($849,828) in the 2011 quarter. For the nine month comparable periods, net cash from operating activities improved to ($502,501) in 2012 from ($2,193,748) in 2011.

"Our performance on a cash basis, a key measurement, continues to improve," said Kevin C. Childress, President and CEO of MYFT. "Although the third quarter was a bit challenging, as we had previously said it would be, we are still outperforming last year on a cash basis. We had a strong start to the fourth quarter although Hurricane Sandy has impacted our early November brokerage revenue slightly negatively."

Childress added, "We obtained strong support from investors for our note financing. That offering has raised some $513,000 with commitments for an additional $487,000 in hand. Overall, I'm very pleased with the performance of our terrific staff which has produced more with less and has given senior management confidence that our recovery plan is on track and will succeed."

The full earnings report has been posted to the Company's web site at www.myfreightworld.com/investor-information.

A conference call to discuss these earnings as well as the Company's prospects will be held FRIDAY, November 16, 2012 at 10:00 am Central time. The call will be hosted by Mr. Childress and will feature Drew White, COO, and Janette Sims, Controller. The public is welcome to join the call at 1-888-394-8197, Participant Passcode 245452.

**PLEASE NOTE: Future standard earnings announcements will be made via the Company's web site only. Extraordinary events will continue to be announced via Marketwire.

Contact:
myFreightWorld Investor Relations
Email Contact

About Marketwired .
Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Cloud Developer Stories
Web conferencing in a public cloud has the same risks as any other cloud service. If you have ever had concerns over the types of data being shared in your employees’ web conferences, such as IP, financials or customer data, then it’s time to look at web conferencing in a private...
More and more enterprises today are doing business by opening up their data and applications through APIs. Though forward-thinking and strategic, exposing APIs also increases the surface area for potential attack by hackers. To benefit from APIs while staying secure, enterprises ...
Many cloud hosting providers have achieved ticket-of-entry credibility in the data warehousing industry by building simple colocation centers. A first-tier database as a service (DBaaS) contender, however, is set apart by a value-added service approach that is strategic, consulta...
Today’s hyper competitive environment defined by unreasonable demands for speed and high expectations for quality and usability has forced companies to differentiate based on their technology. Every company is a software company where customers’ demands for features and functions...
Next-Gen Cloud. Whatever you call it, there’s a higher calling for cloud computing that requires providers to change their spots and move from a commodity mindset to a premium one. Businesses can no longer maintain the status quo that today’s service providers offer. Yes, the con...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021



SYS-CON Featured Whitepapers
ADS BY GOOGLE

Breaking Cloud Computing News
Parsons is pleased to announce that it has acquired Secure Mission Solutions, a premier provider of ...