SOURCE: Freedom Energy Holdings, Inc.

February 08, 2011 09:17 ET

Freedom Energy Holdings CEO Updates Shareholders for 2011

FORT WAYNE, IN--(Marketwire - February 8, 2011) - Freedom Energy Holdings, Inc. (PINKSHEETS: FDMF) today released a letter to shareholders from CEO and founder Brian Kistler.

Dear Shareholders,
With the holidays behind us I am pleased to bring our outlook and new strategic business model for the upcoming year. 2011 brings great anticipation of advancement for the company's proprietary Oil Technology KC 9000®.

2010 proved to be a transitional year of (in plain words) trying to figure out what we wanted to be when we grew up. We have worked diligently to unwind the majority of the operations that were demanding large amounts of immediate cash flow with delayed returns. As a result, we have drastically cut expenses as well as cleaned up the balance sheet so that going forward the company's need for cash flow has been dramatically reduced. In short, we are a technology company, not a sales organization.

Going forward we will pursue groups interested in purchasing the territorial rights to KC 9000® and allow the major players with the relationships to the end user run with the marketing efforts of KC 9000®. The characteristics and effects of KC 9000® are truly amazing and once we break through the initial barriers of bringing a new product to market the full value will be realized.

This strategy serves two purposes; 1) Limits the overhead exposure of the company and 2) puts the marketing efforts on the shoulders of experts already in the target markets.

Applications for KC 9000® include but are not limited to the following:

  • Oil Sludge Cleanup
  • Oil storage tank and transportation tanker cleaning
  • Pipeline maintenance
  • Heavy Oil processing
  • Asphalt Shingle Recycling

To further maximize shareholder value, I have entered into discussions with a prominent merchant banking firm, seeking guidance on marketing and corporate strategies. I am further please to report that as of our 2010 annual report we will be upgrading to "OTC Pink Current Information" on http://www.otcmarkets.com . I am committed to the task before me and will continue until success is achieved. Thank you for your continued support.

Respectfully submitted,
Brian Kistler, CEO

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 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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