Freedom Energy Holdings, Inc. Reduces Share Count 20% and Launches New Website
FORT WAYNE, IN, Apr 23, 2014 (Marketwired via COMTEX) -- Freedom Energy Holdings, Inc. (OTC: FDMF) CEO, Brian Kistler, today announced that he has submitted the documentation to have 1 billion common shares exchanged for 10,000 Preferred Series D shares.
As promised (on March 12, 2014 in a previous press release) action has been commenced to reduce the current Issued and Outstanding common share count by 1 Billion shares. The information on OTC Markets will reflect this action once it has been completed with the Transfer Agent. Bringing the total common share reduction to 2 billion shares. Once completed Mr. Kistler will own 3,317,763 common shares, 2 preferred A shares, 18,000 preferred B shares and 80,770 Preferred D Shares.
Freedom Energy Holdings, Inc. is also proud to announce the official launch of its new and updated website. Please submit all questions and comments via the website. Also implemented is a way for interested parties in becoming an ELAS partner to join a data base and all parties will be contacted at the appropriate time in the future. More information may be found atwww.freedomenergyholdings.com
"Recent advances that we have made regarding the 'ELAS' project now has the company waiting on a decision from the Michigan DEQ. Our final report was submitted with a formal request that we be given a permanent exemption to recycle asphalt shingles," stated Kistler.
"I want to thank Robert Panek, Chief Technology Officer, for his excellent work on the new website. I am confident that, without taking my eye off the ELAS project, our new Chief Technology Officer will be instrumental in developing other opportunities that I am about to enter the company into. Along with a positive outcome from the Michigan DEQ, I feel this will give us the push we need in order to propel the company to the levels I have envisioned. I trust that I will have further shareholder communication in very near future," concluded Kistler.
