SOURCE: Freedom Energy Holdings, Inc.
FORT WAYNE, IN--(Marketwired - Apr 23, 2014) - Freedom Energy Holdings, Inc. (OTC: FDMF) CEO, Brian Kistler, today announced that he has submitted the documentation to have 1 billion common shares exchanged for 10,000 Preferred Series D shares.
As promised (on March 12, 2014 in a previous press release) action has been commenced to reduce the current Issued and Outstanding common share count by 1 Billion shares. The information on OTC Markets will reflect this action once it has been completed with the Transfer Agent. Bringing the total common share reduction to 2 billion shares. Once completed Mr. Kistler will own 3,317,763 common shares, 2 preferred A shares, 18,000 preferred B shares and 80,770 Preferred D Shares.
Freedom Energy Holdings, Inc. is also proud to announce the official launch of its new and updated website. Please submit all questions and comments via the website. Also implemented is a way for interested parties in becoming an ELAS partner to join a data base and all parties will be contacted at the appropriate time in the future. More information may be found at www.freedomenergyholdings.com
"Recent advances that we have made regarding the 'ELAS' project now has the company waiting on a decision from the Michigan DEQ. Our final report was submitted with a formal request that we be given a permanent exemption to recycle asphalt shingles," stated Kistler.
"I want to thank Robert Panek, Chief Technology Officer, for his excellent work on the new website. I am confident that, without taking my eye off the ELAS project, our new Chief Technology Officer will be instrumental in developing other opportunities that I am about to enter the company into. Along with a positive outcome from the Michigan DEQ, I feel this will give us the push we need in order to propel the company to the levels I have envisioned. I trust that I will have further shareholder communication in very near future," concluded Kistler.
ABOUT FREEDOM ENERGY HOLDINGS, INC:
Freedom Energy Holdings, Inc. (OTC: FDMF) is a holding company that specializes in the identification and development of technologies with commercial applications. The company's primary focus is the commercial development of its proprietary, breakthrough technology; (SR-139) proven to be effective at breaking down asphalt shingles allowing the extraction and recovery of hydrocarbons.
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 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 company's public announcements.