SOURCE: Freedom Financial Holdings, Inc.

February 26, 2010 09:00 ET

Freedom Energy International Opens New Markets

FORT WAYNE, IN--(Marketwire - February 26, 2010) - Freedom Financial Holdings, Inc. (PINKSHEETS: FDMF) CEO Brian Kistler announced today that as a result of his visit last week to Calgary, Freedom Energy International, the Company's wholly owned subsidiary dealing with Heavy-oil conversion technology, has just signed a non-exclusive Distributor Agreement with Oilcana, Inc. (a privately held Corporation) to focus on marketing KC 9000™ in new markets beginning with Canada.

Canada, renowned for its vast supply of natural resources, particularly Heavy Oil and Oil Sands, for years has been a leader in the race to find the most economical and environmentally friendly technology to produce Oil from the proven and known reserves of Oil Sands and Bitumen located in the country.

Being leaders in Heavy Oil production, has also presented some major environmental issues for Canadian Oil producers. Namely the processing and disposal of the oil sludge residue. Not only is there an issue of how to dispose of the oil sludge, but how to do it economically.

Mike Sullivan, CEO Oilcana, Inc., commented, "The reports of KC 9000™ results did not take long to reach us here in Calgary. My partners and I have many clients in the Canadian Oil industry, as well as South America and the Far East. The environmental issues associated with the Oil Industry are large enough with conventional oil production. As more and more Heavy Oil is produced, the environmental impact and cleanup will only present a tremendous ongoing opportunity for KC 9000™."

"The doors for different markets continue to open for KC 9000™. The market for an environmentally friendly technology for tank and sludge cleanup is on the front burner in all markets. Bringing a new technology to market is not an easy or quick process. However, the associations that we have been able to make, in just a short period of time, is very encouraging and as stated before, we are committed to do what it takes to bring the full value of KC 9000™ to our shareholders," stated Kistler.

ABOUT OILCANA, INC.:
Oilcana, Inc. is a Canadian-based oilfield Service Company with operations in Canada, Venezuela and Colombia. The company is focused on oil well stimulation, Heavy Oil and Oil Sands/Bitumen recovery operations and oil residual treating and remediation. The company currently has a number of proprietary technologies for well stimulation and oil recovery that will be complemented by KC 9000™.

ABOUT FREEDOM FINANCIAL HOLDINGS, INC.:
Freedom Financial Holdings, Inc. is a holding company with a focus on the identification of opportunities in oil related markets. Freedom's KC 9000™ heavy oil treatment is effective in freeing oil wells, getting heavy deposits to flow and improving heavy oil to refinery grade without heat or post processing. Freedom now markets this uniquely effective proprietary technology for use by others internationally, both by sale and exclusive KC 9000™ licensing agreements.

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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