SOURCE: Freedom Energy Holdings, Inc.

Freedom Energy Holdings, Inc.

August 25, 2014 11:02 ET

Freedom Energy Holdings Appoints Chief Operating Officer of International Operations

FORT WAYNE, IN--(Marketwired - Aug 25, 2014) -  Freedom Energy Holdings, Inc. (OTC: FDMF)

Freedom Energy Holdings Inc., a subsidiary of Sigur Holdings (Pty) Ltd, today announced the appointment of Ms. Silindile "Sli" Nxumalo as Chief Operating Officer. Ms. Nxumalo has been involved in the Reconstruction and Development Program (RDP), Residential and Retail Real Estate projects for seven years and has worked on multiple transactions with Sigur Holdings in the past. She will be overseeing day-to-day functions of the company including business expansion, staff development, budget and operations, and sales and marketing. Sli will be based in South Africa.

"We are excited to welcome Sli in our great organization. We are confident that her extensive knowledge and unique combination of real estate, RDP Projects, business and management expertise will be accretive to the evolution of our outstanding organization and team," said Tiny Diswai - Moremi, the chairman of Freedom Energy Holdings Inc.

"I have endeavored for more than 30 years to identify and harness investment opportunities that others are challenged to recognize. Today, we are uncovering more untapped and favorable situations than at any time in the past, with income-producing commercial, residential retail and land entitlement assets. With Sli's experience and management skills we are increasing our visibility, network and value proposition to bring these opportunities to a broader market."

Silindile "Sli" Nxumalo commented, "We are at a point of exceptional convergence of the real estate markets and the economy, making it more imperative than ever that people invest in hard assets. They must do so selectively and with a prudent strategy to create value, rather than hoping that timing or luck will create it for them."

Ms. Sli added, "Many investors don't have the experience or resources to source properties that can be cultivated to generate growth. I believe that our chairman Ms. Tiny Diswai - Moremi, CEO Brian Kistler and the tenured executives at Freedom Energy Holdings stand out in a crowded marketplace with the talent, perception, knowledge and track record to meet and exceed the challenges of the market and the needs of investors."

As announced on 11 August 2014, the company will be changing its name to Sigur Palace Inc. and its main focus is real estate development and investments in Africa. We are looking at acquiring fully operational and revenue generating residential, commercial and retail real estate assets in Africa. We will also be injecting into the company a government tender/contract from South Africa to build thousands of RDP houses; this contract will generate revenues for us immediately from October 2014.

ABOUT SIGUR PALACE INC d/b/a FREEDOM ENERGY HOLDINGS
Sigur Palace is a residential and commercial Real Estate development and investment holding company focusing on providing Africans with good quality and yet affordable housing; we are also active in the development of the low cost housing under the African National Congress (ANC)-led South African Government's Reconstruction and Development Program ( RDP) with special focuses on quantity and productivity, not just to impress our client ( the government) but also to ensure safe and comfortable living for the underprivileged new home owners that are given mercy by the South African government to own houses and have a title deed in their name. We pride ourselves as not being a typical development company -- we strive to provide a product and service of the highest quality and standard. At the same time, we provide our portfolio companies assistance in the areas of strategy, executive team recruiting, operational execution and raising capital. We take a hands-on approach from the very beginning, partnering with talented management to transform their vision into reality.

FORWARD-LOOKING STATEMENT -- 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 its 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 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 acquisitions, 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 company's public announcements.

Contact Information

  • Contact Information:
    Brian Kistler
    CEO
    260-490-9990