SOURCE: Freedom Financial Holdings, Inc.

January 27, 2010 09:00 ET

Freedom Energy Approved for Representation in Kuwait

FORT WAYNE, IN--(Marketwire - January 27, 2010) - Freedom Financial Holdings, Inc. (PINKSHEETS: FDMF) today announced that Freedom Energy International, the Company's wholly owned subsidiary dealing with Heavy-oil conversion technology, has been approved for representation by Al Nasseria Petroleum Services Co., a Kuwaiti Royal Family Company.

In Kuwait, before any business may be conducted, a foreign company must first become sponsored by a company owned by a Kuwaiti national. Al Nasseria Petroleum Services Co. has signed an Exclusive Agency Agreement with Freedom Energy International which now opens the door for business to be conducted. "We are privileged to be represented by such a prestigious Royal Family company as Al Nasseria," stated Freedom's CEO Brian Kistler.

During the company's last visit, introductions were made to the private contractors who have the contracts to clean the oil tanks and sludge pits for the Kuwait Oil Company (KOC) and the Kuwait National Petroleum Company (KNPC). Demonstrations and presentations were successfully conducted for these contractors so that larger commercial demonstrations were ordered.

"Immediately upon our return, preparations began to have a large amount of KC 9000™ shipped to Al Nasseria once the agreement was signed. I am happy to report that Harcros Chemical, Kansas City, Kansas assisted us in registering KC 9000™ as an export and the KC 9000™ has now been shipped," says Kistler.

The worldwide market for chemicals in the Oil Services industry is in the tens of billions of dollars per year on current oil production. Heavy Oil accounts for almost 2/3 of world's oil reserves and as Heavy Oil production increases the need and use of chemical treatment and cleanup will also increase. Breaking the code is a huge opportunity and KC 9000™ breaks that code. KC 9000™ stands to change the oil industry forever. However, it is not a task that will be completed in a short period of time or in quick order. Freedom Energy International management is determined to persevere and do what it takes in order to bring the full and future value of KC 9000™ to the shareholders. To date the Company has entered into discussions with representative groups from over twelve different nations on four continents and the list continues to grow. More information will be released as discussions progress.


Freedom Financial Holdings, Inc. is a holding company with its focus on the exploitation of opportunities in heavy oil related markets. The Company acquires undervalued assets and/or initiates operations in underserved niches. Once established within the FDMF portfolio, the Holding Company will provide the support necessary to enable each of its subsidiaries to maximize their business opportunities. Freedom's KC 9000™ heavy oil technology is effective in freeing oil wells, getting heavy deposits to flow and improving heavy oil to refinery grade without heat or post processing to facilitate this. Freedom Energy International, Inc. is developing and marketing this uniquely effective proprietary technology for use by clients internationally, both by sale and licensing.


This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning it expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete the acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company's public announcements.

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