SOURCE: Freedom Financial Holdings, Inc.

September 15, 2008 12:28 ET

Freedom Financial Holdings Announces Acquisition of Exclusive Rights for Distribution & Marketing of Heavy Oil Technology

FORT WAYNE, IN--(Marketwire - September 15, 2008) - Freedom Financial Holdings, Inc. (PINKSHEETS: FDMF) CEO Brian Kistler announced today that the company has entered into a definitive agreement to purchase all domestic and international rights of distribution and marketing of the heavy oil conversion technology. All rights for distribution and marketing will now be exclusively owned by Freedom Financial Holdings, Inc.

Kistler stated, "I am extremely excited with this most recent development. The proprietary owner of the technology recognizes the huge advantage of combining operations and the efficiencies that can be attained within the Freedom Financial Holdings infrastructure. This is a significant value added acquisition for our company and shareholders."

"Being on the same team keeps all parties working for the benefit of the company and the shareholders. I am a firm believer that all employees of the company be shareholders and I am pleased to report that 98% of our employees are shareholders. The Owner of the Technology will receive restricted common shares and options to consummate this non-cash acquisition," concluded Kistler.

To view more information concerning the opportunity in Heavy Oil please visit: http://www.kansascity.com/105/story/797092.html

ABOUT FREEDOM FINANCIAL HOLDINGS, INC.

Freedom Financial Holdings, Inc. ("FFH") is a holding company with a focus on the identification of opportunities. The Company's objective is to acquire undervalued assets and/or initiate operations in underserved niches. Once established within the FFH portfolio, the Holding Company will provide the support necessary to enable each of its subsidiaries to maximize their business opportunities.

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.

Contact Information