FORT WAYNE, IN--(Marketwire -03/27/12)- Freedom Energy Holdings, Inc. (Pinksheets: FDMF.PK - News) CEO, Brian Kistler, today provided a corporate update regarding the Middle East trials that involve the company's proprietary technology KC-9000®.
Kistler stated, "I am pleased to report that the first shipment of the KC-9000® has been shipped. The shipping regulations and customs requirements are quite stringent. All of the documentation for shipping the KC-9000® has been completed so we do not expect any further delays. "
"The first announced trial to process drill cuttings has been delayed due to the shipping complications. However, I have been assured that all is on track and the first trial will be completed shortly. When shipping a new technology, there are many regulations that have to be complied with especially in today's international markets. The KC-9000® is being flown to its intended location and should be on location within just a few days. For security reasons I have been asked to keep the location of the trial and the company involved confidential," Kistler further stated.
"Believe me when I say that I know everyone is anxious to have this first trial completed and the results reported. Just as soon as possible, I will relay what has transpired. But keep in mind that I am not in personal control of the flow of events. Finally, I would like to acknowledge the words of encouragement I have received recently from many of our shareholders. I do appreciate and am thankful for the confidence. I am determined to stay the course to reach the end goal we seek," concluded Kistler.
ABOUT FREEDOM ENERGY HOLDINGS, INC:
Freedom Energy Holdings, Inc. (Pinksheets: FDMF.PK - News) is a publicly traded company that specializes in the identification and development of technologies with commercial applications in the energy industry sector. The company's original primary focus is the commercial development of its proprietary, heavy oil technology. KC 9000®, a breakthrough technology, provides an effective and cost efficient system to enable heavy oil deposits to flow without heat. Recent research has developed and shown a new product SR-139 to be effective at breaking down asphalt shingles allowing the extraction and recovery of hydrocarbons.
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.