SOURCE: Freedom Financial Holdings, Inc.

November 12, 2008 09:52 ET

Freedom Financial Holdings Completes First Field Research

FORT WAYNE, IN--(Marketwire - November 12, 2008) - Freedom Financial Holdings, Inc. (PINKSHEETS: FDMF) CEO Brian Kistler announced today that the company has completed the first field Research project for Curton Capital Corporation.

"Unlike the 'Heavy Oil' located in Southwest Missouri, the oil in Shale is quite light with a gravity over 40. However, getting the oil to flow from Shale has presented some unique challenges as well. We believe that the new Freedom heavy oil conversion process will decrease, if not eliminate, most of the major problems associated with specific types of paraffin and ductile shale build up within the production phase. In the past, Curton Capital has dealt with these problems by pulling the well pumps and physically cleaning or bailing out the paraffin and shale build up at a cost of over $10,000 not to mention the down time expense," stated Kistler.

Kistler further commented, "While it is still too early to know the full results of how our technology will effect the over production of the wells treated, all parties are pleased with the early test results. There was clear evidence that our technology will breakdown both the paraffin and the shale build up (that causes the well pumps to clog) into a liquefied state which allows both to be pumped out."

Chris Curton, President, Curton Capital, commented, "Freedom's technology is a far superior product than other products I have used and did a very good job breaking down paraffin and shale mud. We have not seen any increase of oil production, but that is not any reflection on the effectiveness of Freedom's product. Freedom's product was able to repair one of our well pumps that was blowing and sucking air. I thought we would have to pull the pump, but after treatment it began working just fine."

"Paraffin buildup stops or slows down oil production in every market. We have known all along that paraffin is a huge problem, and now we have field confirmation that we can address this issue at with a very cost effective method," concluded Kistler.


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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