Anything Brands Online, Inc. (Pinksheets: ANYT) announced today that the company has received a Letter Of Intent to acquire controlling interest in the company.
J. Michael Head, President of myFreightWorld.Com, LLC, (http://corporate.myfreightworld.com) announced today that a private investment group, led by the MFW Board of Directors and including himself, has signed a Letter Of Intent with the Anything Brands Board of Directors to acquire controlling interest of the company.
Documents necessary to close the transaction are being drafted; we expect to complete that process this week. This action is consistent with a plan first announced to shareholders in June. We intend to release full details to shareholders and provide forums for immediate response to all questions as this transition unfolds,” said Head.
“This transaction represents a significant milestone in our overall strategy and positions us to run individual business units more effectively supporting our move to capitalize on the strengths of each autonomous operation,” said Tim Norton, Senior Vice President of Anything Brands Online.
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