NEW YORK, June 02, 2021 (GLOBE NEWSWIRE) — Hudson Capital Inc. (NASDAQ: HUSN) (Hudson Capital) introduced that FreightHub, Inc. (Fr8Hub), a North American transportation logistics know-how platform firm centered on US-Mexico cross-border transport with which Hudson Capital has signed a definitive Merger Settlement, is collaborating with RC Management to assist alleviate one of many largest challenges with US-Mexico cross border freight: seamless visibility.
“The Fr8Hub Cell App gives 24/7 visibility to our customers and RC Management’s integration enhances our cellular app to assist in giving clients elevated confidence that they are going to be capable to have the identical expertise monitoring their freight on both facet of the US-Mexico border,” said Javier Selgas, CEO of Fr8Hub. “Now our carriers, each within the US and Mexico, have a number of choices for monitoring, which ensures each visibility and time administration. That is one thing that carriers have wanted for years and we’re glad that we could be the answer to their wants.”
Fr8Hub gives options by means of collaborations such because the one with RC Management for these occasions carriers can’t entry the cellular app, whether or not it’s low battery or connectivity points. Fr8Hub plans to introduce many extra thrilling know-how and repair enhancements earlier than the tip of 2021 that might be each carrier- and customer-focused.
About RC Management
RC Management was based in 1997 with the thought of accelerating safety within the logistics and transportation business. Based mostly in Mexico, RC Management additionally has places of work in Colombia, Costa Rica, Guatemala and the USA. RC Management helps scale back the share of threat and assist corporations make the most effective choices relating to the hiring of their personnel and safety inside the logistics chain.
About FreightHub, Inc.
FreightHub, Inc. (Fr8Hub) makes transport easy, clear, and environment friendly. A transportation logistics platform firm, Fr8Hub focuses on truckload freight for home and cross-border markets in Mexico, the US and Canada. As an revolutionary digital freight market, dealer, transportation administration system (TMS) and public API, Fr8Hub makes use of its proprietary know-how platform to attach carriers and shippers that considerably improves matching and operation effectivity by way of revolutionary applied sciences corresponding to stay pricing and real-time monitoring.
About Hudson Capital Inc.
Included in 2014, Hudson Capital Inc. (previously referred to as China Web Nationwide Monetary Companies Inc. (NASDAQ: HUSN)) commenced its enterprise by offering monetary advisory companies to small and medium measurement corporations. The standard enterprise segments embrace business cost advisory, middleman financial institution mortgage advisory and worldwide company financing advisory companies which assist shoppers to fulfill their business cost and funding wants. For extra info, about Hudson Capital, please see the paperwork filed by Hudson Capital with the SEC at www.sec.gov.
In reference to the proposed merger, Hudson Capital intends to file related supplies with the Securities and Trade Fee (the “SEC”), together with a Registration Assertion on Type S-4 (the “Type S-4”) which was filed with the SEC on November 12, 2020, as amended on December 31, 2020, February 8, 2021 and Might 18, 2021 and contains and serves as a proxy assertion/prospectus for Hudson Capital’s shareholders and a prospectus for Fr8Hub’s stockholders. Promptly after the Type S-4 is asserted efficient by the SEC, Hudson Capital will mail the definitive proxy assertion/prospectus and a proxy card to every shareholder entitled to vote on the particular assembly on the merger and the opposite proposals set forth within the proxy assertion. SHAREHOLDERS OF HUDSON CAPITAL ARE URGED TO READ THESE MATERIALS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS IN CONNECTION WITH THE MERGER THAT HUDSON CAPITAL WILL FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT HUDSON CAPITAL, FREIGHTHUB AND THE MERGER. The definitive proxy assertion/prospectus and different related supplies in reference to the merger (once they grow to be out there), and some other paperwork filed by Hudson Capital with the SEC, could also be obtained freed from cost on the SEC’s web site (www.sec.gov).
Members within the Solicitation
Hudson Capital and its administrators and govt officers could also be deemed members within the solicitation of proxies from Hudson Capital’s shareholders with respect to the merger. An inventory of the names of these administrators and govt officers and an outline of their pursuits in Hudson Capital are included within the prospectus/proxy assertion for the proposed merger and can be found at www.sec.gov. Further info relating to the pursuits of such members might be contained within the prospectus/proxy assertion for the proposed merger when out there. Details about Hudson Capital’s administrators and govt officers and their possession of peculiar shares of Hudson Capital is ready forth in Hudson Capital’s Annual Report on Type 20-F filed with the Securities and Trade Fee on June 15, 2020. These paperwork could be obtained freed from cost from the sources indicated above.
Fr8Hub and its administrators and govt officers might also be deemed to be members within the solicitation of proxies from the shareholders of Hudson Capital in reference to the proposed merger. An inventory of the names of such administrators and govt officers and knowledge relating to their pursuits within the proposed merger are included within the prospectus/proxy assertion for the proposed merger, and can be found at www.sec.gov.
Ahead Trying Statements
This press launch contains “forward-looking statements” inside the which means of the “protected harbor” provisions of the USA Personal Securities Litigation Reform Act of 1995. Hudson Capital’s and Fr8Hub’s precise outcomes might differ from their expectations, estimates, and projections and, consequently, you shouldn’t depend on these forward-looking statements as predictions of future occasions. Phrases corresponding to “anticipate,” “estimate,” “challenge,” “funds,” “forecast,” “anticipate,” “intend,” “plan,” “might,” “will,” “might,” “ought to,” “believes,” “predicts,” “potential,” “proceed,” and related expressions (or the damaging variations of such phrases or expressions) are meant to establish such forward-looking statements. These forward-looking statements embrace, with out limitation, Hudson Capital’s and Fr8Hub’s expectations with respect to future efficiency and anticipated monetary impacts of the proposed acquisition, the satisfaction of the closing circumstances to the proposed acquisition, and the timing of the completion of the proposed acquisition.
These forward-looking statements contain vital dangers and uncertainties that would trigger the precise outcomes to vary materially from these mentioned within the forward-looking statements. Most of those elements are outdoors Hudson Capital’s and Fr8Hub’s management and are tough to foretell. Elements which will trigger such variations embrace, however aren’t restricted to: (1) the incidence of any occasion, change, or different circumstances that would give rise to the termination of the definitive merger settlement (the “Settlement”); (2) the result of any authorized proceedings which may be instituted in opposition to Hudson Capital or Fr8Hub following the announcement of the Settlement and the transactions contemplated therein; (3) the lack to finish the proposed acquisition, together with on account of failure to acquire approval of the shareholders of Hudson Capital and stockholders of Fr8Hub, sure regulatory approvals, or fulfill different circumstances to closing within the Settlement; (4) the incidence of any occasion, change, or different circumstance that would give rise to the termination of the Settlement or might in any other case trigger the transaction to fail to shut; (5) the influence of COVID-19 pandemic on Fr8Hub’s enterprise and/or the flexibility of the events to finish the proposed acquisition; (6) the lack to acquire or keep the itemizing of Hudson Capital’s shares of widespread inventory on Nasdaq following the proposed merger; (7) the danger that the proposed acquisition disrupts present plans and operations because of the announcement and consummation of the proposed merger; (8) the flexibility to acknowledge the anticipated advantages of the proposed merger, which can be affected by, amongst different issues, competitors, the flexibility of Fr8Hub to develop and handle development profitably, and retain its key workers; (9) prices associated to the proposed merger; (10) modifications in relevant legal guidelines or laws; (11) the chance that Hudson Capital or Fr8Hub could also be adversely affected by different financial, enterprise, and/or aggressive elements; (12) dangers referring to the uncertainty of the projected monetary info with respect to Fr8Hub; (13) dangers associated to the natural and inorganic development of Fr8Hub’s enterprise and the timing of anticipated enterprise milestones; and (14) different dangers and uncertainties indicated every so often within the prospectus/proxy assertion on the Type S-4, referring to the proposed merger, together with these below “Danger Elements” therein, to be filed by Hudson Capital and in Hudson Capital’s different filings with the SEC. Hudson Capital cautions that the foregoing listing of things will not be unique. Ought to a number of of those dangers or uncertainties materialize, or ought to underlying assumptions show incorrect, precise outcomes might fluctuate materially from these indicated or anticipated by such forward-looking statements. Hudson Capital and Fr8Hub warning readers to not place undue reliance upon any forward-looking statements, which communicate solely as of the date made. Hudson Capital and Fr8Hub don’t undertake or settle for any obligation or endeavor to launch publicly any updates or revisions to any forward-looking statements to mirror any change of their expectations or any change in occasions, circumstances, or circumstances on which any such assertion relies.
No Supply or Solicitation
This press launch shall not represent a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the proposed merger. This press launch shall additionally not represent a proposal to promote or the solicitation of a proposal to purchase any securities, nor shall there be any sale of securities in any states or jurisdictions by which such provide, solicitation, or sale could be illegal previous to registration or qualification below the securities legal guidelines of any such jurisdiction. No providing of securities shall be made besides by way of a prospectus assembly the necessities of Part 10 of the Securities Act of 1933, as amended, or an exemption therefrom.
Moriah Shilton or Kirsten Chapman, LHA Investor Relations, [email protected], 415.433.3777
Hudson Capital Contact:
Hon Man Yun, Chief Monetary Officer, [email protected], (852) 98047102