SOURCE: Freedom Financial Holdings, Inc.

April 23, 2009 08:55 ET

Freedom Financial Holdings Forms Alliance With State of Kansas

FORT WAYNE, IN--(Marketwire - April 23, 2009) - Freedom Financial Holdings, Inc. (PINKSHEETS: FDMF) CEO Brian Kistler announced today that a strategic alliance has been formed with the Kansas Corporation Commission (KCC), District 3 office in Chanute, Kansas to use KC 9000™ for tank remediation.

Kistler stated, "Several weeks ago, we presented a table top demonstration of KC 9000™ to the local KCC officials in their office in Chanute. As it always does, KC 9000™ performed just as anticipated and as a result, Freedom has received a letter from the KCC that 'assigns any of its rights to the tanks and the contents of the tanks to Freedom Energy International,' to the abandoned tank battery on a lease in Neosha County, Kansas."

Kistler continued, "This initial project is the door opener to many other future projects I would like to see take place with the KCC. Site and tank remediation is a potential huge business model and revenue stream of its own, but more importantly, is the opportunity to conduct a field test of KC 9000™ with the State of Kansas monitoring it and verifying the effectiveness."

"The problem that is presented with these tanks is that no one will tackle them due to the Bottoms and Sediment (B.S.) that remains in the tanks. Up until now there was no way of extracting the remains in tanks in a cost effective manner. Enter KC 9000™. As previously announced, we have the partnerships formed to tackle jobs like this both large and small. This project is a perfect place to start with the State of Kansas. And of course, Kansas is not the only state with abandoned oil tank batteries," concluded Kistler.

Timing for the completion of the project has been left open as the company and its strategic partners must contend with the spring rains and other weather conditions.

ABOUT FREEDOM FINANCIAL HOLDINGS, INC.

Freedom Financial Holdings, Inc. ("FDMF") is a holding company with a focus on the identification of opportunities in the financial services sector. The Company's objective is to acquire undervalued assets and/or initiate operations in under served niches. Once established within the FDMF 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

  • Contact:
    Brian Kistler
    Freedom Financial Holdings, Inc.
    260-490-5363 ext. 307