Freight Technologies Acquires Stakes in Massive AI Computing Network with Fetch Compute.

Freight Technologies Enters into Securities Purchase Agreement with Fetch Compute to Acquire Token

April 25, 2023 - Freight Technologies, Inc. (OTC: RRTS), a leading provider of logistics and supply chain management solutions, announced today that it has entered into a Securities Purchase Agreement with Fetch Compute, Inc., a cutting-edge technology company specializing in artificial intelligence and machine learning solutions, to acquire Fetch Compute's proprietary token.

Under the terms of the agreement, Freight Technologies will acquire a total of 10 million Fetch Compute tokens, with the purchase price to be paid in cash. The acquisition is expected to be completed within the next 30 days, subject to customary closing conditions.

The token, known as Fetch, is a unique digital asset that utilizes blockchain technology to facilitate secure, transparent, and efficient transactions. Freight Technologies believes that the acquisition of Fetch will enable the company to expand its offerings in the logistics and supply chain management sectors, while also providing a new revenue stream through the sale of Fetch tokens to customers and partners.

"We are excited to announce this strategic acquisition, which will further solidify our position as a leader in the logistics and supply chain management industries," said Felecia Palmer, CEO of Freight Technologies. "The Fetch token has the potential to revolutionize the way transactions are processed, and we believe that our customers and partners will greatly benefit from the increased efficiency and transparency it provides."

Fetch Compute's CEO, [Name], added, "We are thrilled to partner with Freight Technologies, a company that shares our vision of using technology to drive innovation and growth. The acquisition of Fetch tokens will enable Freight Technologies to capitalize on the growing demand for digital assets and cryptocurrencies, while also providing Fetch Compute with a new platform to expand its reach and influence in the market."

The acquisition is subject to customary closing conditions, including the receipt of regulatory approvals and the satisfaction of certain other conditions. The parties expect the transaction to close within the next 30 days.

About Freight Technologies, Inc.

Freight Technologies, Inc. is a leading provider of logistics and supply chain management solutions. The company offers a range of services, including freight forwarding, customs brokerage, and supply chain management, to customers across various industries. Freight Technologies is headquartered in Houston, Texas, and has operations in the United States, Mexico, and Asia.

About Fetch Compute, Inc.

Fetch Compute, Inc. is a cutting-edge technology company specializing in artificial intelligence and machine learning solutions. The company's proprietary token, Fetch, is a unique digital asset that utilizes blockchain technology to facilitate secure, transparent, and efficient transactions. Fetch Compute is headquartered in [Location].