SOURCE: Freestone Resources, Inc.

Freestone Resources, Inc.

March 12, 2015 09:00 ET

Freestone Resources Updates Shareholders on the Expansion of Petrozene

DALLAS, TX--(Marketwired - Mar 12, 2015) -  Freestone Resources, Inc. (OTCQB: FSNR) would like to provide an update to shareholders on the status of the vertical integration of its Petrozene product line, as well as other revenue producing opportunities that have been identified while working towards this goal. 

Freestone is partnering with a company that has extensive experience in the waste-to-energy industry, including gasification and pyrolysis technologies similar to those that can be used for the production of Petrozene. 

Freestone and the company have located multiple sites throughout North America that are strategically located for the expansion of Petrozene. Currently, these sites are in various stages acquisition negotiations. "Over the last year Freestone has been working towards the goal of owning the physical location, the necessary feedstock and the specialized pyrolysis technology so Freestone is not dependent on third parties to produce Petrozene," said Clayton Carter, President and CEO of Freestone Resources. "Throughout this yearlong process, we've discovered other byproducts of value related to the production of Petrozene that will result in additional revenue streams."

Freestone will provide more details about the planned partnership, technology procurement and the acquisition of various sites as soon as they're able to contractually announce. "Freestone has been diligently negotiating and working on detailed contracts with multiple parties, and while this has been a complex process I believe the shareholders will appreciate the final outcome and the revenue growth that will be realized upon its culmination," said Mr. Carter. 

About Freestone Resources, Inc.:

Freestone Resources is a Dallas, Texas based oil and gas technology development company. The continuing goal of the Company is to develop new technologies that allow for the utilization of our vast resources in an environmentally responsible and cost effective way. http://www.freestoneresources.com/

About Petrozene:

Petrozene is a revolutionary solvent that has been shown to positively affect many aspects of the oil and gas industry; from production and storage to end cycle refinement. Used as an additive, Petrozene provides a cost-effective solution for dealing with tanker sludge, paraffin problems, storage tank maintenance, and more. Petrozene superior flow technology is hydrocarbon-based allowing for a non-contamination use in many aspects of the oil and gas production and refinement. http://www.petrozene.com

SAFE HARBOR STATEMENTS:

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release and other potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Contact Information

  • Contact:
    Freestone Resources, Inc.
    Don Edwards
    214.880.4870