SOURCE: Freedom Financial Holdings, Inc.

January 25, 2010 14:54 ET

Freedom Energy Extends KC 9000™ Technology Validation for Venezuela

FORT WAYNE, IN--(Marketwire - January 25, 2010) - Freedom Financial Holdings, Inc. (PINKSHEETS: FDMF) -- During the second week of January 2010, Freedom Energy International, the Company's wholly owned subsidiary dealing with heavy oil modifying technology, hosted a return of its Venezuelan customers to conduct testing of oil samples from different sources in both Venezuela and Mexico.

The tests were undertaken at the independent Blackstone Laboratory under the supervision of both parties. Tests on samples of Heavy Oil from Mexico that showed KC 9000™ decreased the viscosity at best by 94% and the samples of Heavy Oil from Venezuela by 34%. These successful tests will be further developed and extended as a result.

CEO Brian Kistler stated, "I am pleased to announce these positive results on these latest heavy oil samples. After considerable exploratory work over several months our visitors maintain their interest in KC 9000™'s capability to assist their heavy oil processing problems. We will now extend the testing of a range of problem heavy oils to characterize KC 9000 under the wide range of conditions which apply at the oil's source. Larger samples of heavy oil have been ordered to affect this."

Heavy Oil accounts for almost 2/3 of world's oil reserves. Delivering that oil to market cost effectively is a major opportunity and challenge, and a business which makes a significant aspect of the process easier and cheaper will benefit massively. FEI have proven their technology in their local environment on their own and other leases. The variation in oilfield geology and oil chemistry plus the size of the worldwide industry means extending this success requires steady long-term development. "We are committed to the necessary testing and refinement of our product to meet the needs of our Venezuelan and worldwide customers, and to deliver the full value of KC 9000™ to our shareholders as our market evolves," says Kistler.


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.

Contact Information

  • Contact:
    Freedom Energy International, Inc.
    Investor Relations
    David Elias
    DME Capital, LLC