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News for FRDM.PK - Press Release Source: Freedom Environmental Services On Thursday July 22, 2010, 6:30 am EDT - Freedom Environmental Acquires Florida Water Treatment Mainstay, Brownies Wastewater Solutions.

Combined Companies Annual Revenue on Target to Exceed $5 Million
globenewswire

http://finance.yahoo.com/news/Freedom-Environmental-pz-3237964712.html?x=0&.v=1

Companies: Freedom Environmental Services, Inc.

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Chart for FREEDOM ENVIRONMENTA


Press Release Source: Freedom Environmental Services On Thursday July 22, 2010, 6:30 am EDT

http://finance.yahoo.com/news/Freedom-Environmental-pz-3237964712.html?x=0&.v=1

ORLANDO, Fla., July 22, 2010 (GLOBE NEWSWIRE) -- Freedom Environmental Services (Pink Sheets:FRDM - News) announced today that it has completed its "merger" with Brownies Wastewater Solutions, Inc. and its parent company, B&P Environmental Solutions, LLC, effective July 17th 2010. Management anticipates, but cannot guarantee, that the combined company, based on year to date results, will show an excess of $5 million in revenue for the year ended December 31, 2010.

Freedom Environmental's Chief Executive Officer, Michael Borish, will continue to serve in that capacity. Brownies' Wastewater Solutions Mike Ciarlone, an 18 year veteran, will stay on as COO running the day to day operations.

"We believe that this merger allows us to expand our market base into the entire State of Florida," said Freedom CEO, Michael Borish. "The newly acquired equipment and services allow us to optimize our wastewater solutions while promoting a green and sustainable environment," Borish also said.

Management believes that the global market for green technologies is estimated to grow to $700 billion by the end of 2010 on the back of demand for advanced and efficient distribution, collection, transfer, and treatment solutions. Numerous green technologies are being utilized for optimum water and wastewater treatment while promoting a green and sustainable environment. This green movement includes optimum water and wastewater management among utilities and industries. Companies are increasingly resorting to green technologies to not only conserve resources but to also save costs. Management believes that the combination of Freedom's wastewater treatment processes with Brownies' unparalleled service in waste management and disposal will enhance Freedom's ability to participate more aggressively in the fast-growing, highly profitable green technologies.

About Brownies Wastewater Solutions, Inc.

http://finance.yahoo.com/news/Freedom-Environmental-pz-3237964712.html?x=0&.v=1

Brownies Wastewater Solutions has been serving Central Florida's needs, maintaining a reputation for quality and customer satisfaction, since 1948. Working in conjunction with the Department of Environmental Protection, major utility providers, and local health departments, Brownies provides immediate assistance and solutions for commercial, industrial, and residential waste management and disposal. Brownies management has represented to Freedom that its company has six core lines of business with annual revenues in excess of $4.5 million. Brownies is a "Green" company specializing in recycling septic and wastewater solids and liquids. Brownies offers high velocity water jetting, storm system maintenance, pipeline TV inspections and sludge removal and hauling. With a fleet of over 20 pump trucks, vactors and service vans, Brownies operates 24 hours a day and seven days a week. www.brownieswws.com

http://finance.yahoo.com/news/Freedom-Environmental-pz-3237964712.html?x=0&.v=1

About Freedom Environmental Services

Freedom Environmental Services is a "Green" wastewater management company with its headquarters in Orlando Florida. Freedom provides the most comprehensive, cost-effective and reliable treatment systems and services. Freedom offers conventional wastewater treatment processes and systems, disinfection systems and cleaning contracts. Freedom's products and services are designed to help keep your water safe and clean and your company profitable.

This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. FRDM has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect the FRDM's current beliefs and are based upon information currently available to it. Accordingly, such forward looking statements involve known and unknown risks, uncertainties and other factors which could cause the FRDM's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. FRDM undertakes no obligation to update or advice in the event of any change, addition or alteration to the information catered in this Press Release including such forward-looking statements.

Contact:

Freedom Environmental Services
Michael Borish, Chief Executive Officer
888-242-7211
http://www.freedomwaterservices.com

http://finance.yahoo.com/news/Freedom-Environmental-pz-3237964712.html?x=0&.v=1

Related Headlines

* AXcess News: Florida Environmental Company Gains Solid, Statewide Foothold in Wastewater Sector - Marketwire
* Freedom Environmental Acquires Florida Water Treatment Mainstay, Brownies Wastewater Solutions - GlobeNewswire
* Freedom Environmental Makes Positive Correction to Previously Announced Biofuel Contract From Northeast Biodiesel Company - GlobeNewswire
* FREEDOM ENVIRONMENTAL SERVICES, INC. Financials - EDGAR Online Financials
* Freedom Environmental Receives First Biofuel Contract From Northeast Biodesiel Company - GlobeNewswire

http://finance.yahoo.com/news/Freedom-Environmental-pz-3237964712.html?x=0&.v=1

07/22/2010 (06:30 ET) AXcess News: Florida Environmental Company Gains Solid, Statewide Foothold in Wastewater Sector - Market Wire.

AXcess News: Florida Environmental Company Gains Solid, Statewide Foothold in Wastewater Sector.

Thursday , July 22, 2010 06:30ET



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HOUSTON, TX -- (Marketwire) -- 07/22/10 -- Freedom Environmental Services, Inc. (PINKSHEETS: FRDM) has become a statewide contender in Florida's lucrative and growing wastewater treatment sector through a merger with one of the more well known operators in the state which according to FRDM Chief Executive Officer Michael Borish will generate combined annual revenue of $5 million in 2010.

While Borish gave an outlook towards Freedom Environmental Services annualized sales, the environmental services officer implied that future revenue growth could far outpace the combined $5 million estimate through a statewide expansion of Brownies Wastewater Solutions, Inc. treatment business.

The merger includes Brownies Wastewater Solutions, Inc. and its parent company, B&P Environmental Solutions, LLC. B&P executive Mike Ciarlone will run the day-to-day operations of Brownies while Borish will continue as CEO of the parent company.

According to the Florida Public Service Commission inflationary conditions have forced state regulators to impose an annual review of rates through an application process with state utilities. Yet companies themselves that focus on wastewater treatment services within Florida are taking note of the Freedom Environmental merger with Brownies Wastewater due to the competitiveness of the combined businesses.

Brownies, which is located in Central Florida, specializes in the recycling of septic and wastewater solids and liquids, servicing its market through a fleet of 21 trucks. Its customers include utilities, commercial and residential customers.

According to a report by The McIlvaine Company, the worldwide market for wastewater treatment is forecast to reach $484 billion in 2010.

"In general, the water and wastewater market is growing faster than the process markets with the exception of biotechnology," McIlvaine's report noted. That kind of growth makes the Florida Public Service Commission's monitoring of wastewater rates a must.

McIlvaine pegs the total wastewater market equal to 1% of GDP worldwide, or $740 billion. According to Enterprise Florida, Inc., a public-private partnership serving as Florida's primary organization devoted to statewide economic development, Florida's Gross Domestic Product in 2008 alone was $7.44 billion, placing FRDM's current market share at 6.75%, based on McIlvaine's estimate.

If Borish's forecast of statewide growth rings true, Freedom Environmental Services, Inc. could become a regional contender in states bordering Florida in years to come.

Note to Editors: "News Features" are stories provided to publishers copyright-free for print or online display at no charge. All we ask is that publishers include our byline (AXcess News) as the source, or if online, link to our Web Site: http://www.axcessnews.com. If you are interested in displaying our news on a regular basis, please contact our editorial department at: 775-461-0362 or by email at: [e-mail].

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Email Contact
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Source: AXcess News

Public Companies Associated with this story:
FRDM

Knobias Subject Codes Associated with this story:
Merger/Acquisition

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FRDM — Freedom Environmental Services, Inc.
Common Stock

OTCQB
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http://www.otcmarkets.com/stock/FRDM/company-info

Contact Information Business Description
Freedom Environmental Services, Inc.
7380 W Sand Lake Rd.
Suite 543
Orlando, FL 32819

http://www.freedomwaterservices.com

* Phone: [phone]
* Fax: [phone]
* E-mail: [e-mail]

Liquid and Wastewater treatment and transportation.

*
OTC Market Tier
OTCQB
*
Primary SIC — Industry Classification
4955 - Hazardous Waste Management
*
Business Stage
Development Stage Company

*
State Of Incorporation
DE
*
Jurisdiction Of Incorporation
United States
*
Year Of Incorporation
2007

*
Company Officers
Michael Borish, CEO, Chairman, Secretary
*
Number of Employees
10 as of Jun 25, 2008

*
Reporting Standard
U.S. Registered & Reporting: SEC Filer
*
CIK
0001443818
*
Fiscal Year End
12/31

*
Estimated Market Cap
$336,708 as of Jul 21, 2010
*
Outstanding Shares
16,920,000 as of Mar 27, 2010
*
Float(shares)
16,260,000 as of Mar 27, 2010

*
Current Capital Change
shs decreased by 1 for 50 split
Pay Date: Sept 23, 2009

*
Company Notes
o Formerly=BMXP Holdings, Inc. until 6-2008
o Formerly=Bio-Matrix Scientific Group Inc. until 8-06
o Formerly=Storage Suites America, Inc. until 12-04
o Formerly=Neo Vision Corp. until 11-02
o Formerly=United States Aircraft Corp. until 1-01

*
Security Notes
o Capital Change=shs decreased by 1 for 20 split Pay date=06/11/2008.

*
Transfer Agent
Colonial Stock Transfer Co., Inc.
66 Exchange Place
Salt Lake City, UT 84111

*
Legal Counsel
Joseph L. Pittera
2214 Torrance Blvd.
Suite 101
Torrance, CA 90501

http://www.freedomwaterservices.com/

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Freedom Environmenta (FRDM)

0.0199 +0.0001 (+0.51%) Wednesday, Jul 21st, 2010
Detailed Quote - Past 5 Days View Help
Daily Quotes Weekly Quotes Monthly Quotes

http://www.barchart.com/detailedquote/stocks/FRDM

Date 	Open 	High 	Low 	Last 	Change 	% Change 	Volume 
 07/21/2010	0.0200	0.0250	0.0160	0.0199	+0.0001	+0.51%	481,400 
 07/20/2010	0.0200	0.0200	0.0198	0.0198	+0.0047	+31.13%	83,400 
 07/19/2010	0.0300	0.0300	0.0151	0.0151	-0.0099	-39.60%	652,300 
 07/16/2010	0.0260	0.0260	0.0250	0.0250	unch	unch	105,900 
 07/15/2010	0.0270	0.0270	0.0250	0.0250	-0.0020	-7.41%	365,000 
  
 http://www.barchart.com/detailedquote/stocks/FRDM 
  
 Historical Highs and Lows 
 Historical Quote - 1 Yr Ago 
 -- Period -- 	-- High -- 	-- Low -- 	-- Percent Change -- 
 5-Day	0.0300 on 07/19/2010    	0.0151 on 07/19/2010    	-26.30% since 07/14/2010     
 1-Month	0.0350 on 06/30/2010    	0.0151 on 07/19/2010    	-20.72% since 06/21/2010     
 3-Month	0.2800 on 04/29/2010    	0.0151 on 07/19/2010    	-89.79% since 04/21/2010     
 6-Month	0.4000 on 02/01/2010    	0.0151 on 07/19/2010    	-90.05% since 01/21/2010     
 12-Month	0.7500 on 08/06/2009    	0.0151 on 07/19/2010    	-96.02% since 07/20/2009     
 Year to Date	0.4000 on 02/01/2010    	0.0151 on 07/19/2010    	-86.73% since 12/31/2009     
  
 New Highs and Lows 
 For The Last 	Made New High 	Percent From 	Made New Low 	Percent From 
 5-Day	2 times	-33.67%	3 times	+31.79% 
 1-Month	4 times	-43.14%	3 times	+31.79% 
 3-Month	3 times	-92.89%	19 times	+31.79% 
 6-Month	4 times	-95.03%	24 times	+31.79% 
 12-Month	3 times	-97.35%	15 times	+31.79% 
 Year to Date	8 times	-95.03%	19 times	+31.79%

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