Still doing my DD but got a nice starter this morning...
Here is the most recent news - do some DD...very interesting and seem to be a fairly honest / exciting company from the hour of DD i have done today.
Freedom Energy International Scheduled to Meet With Louisiana Parish Officials 8:54a ET June 7, 2010 (Market Wire) Freedom Energy Holdings, Inc.'s (PINKSHEETS: FDMF) CEO, Brian Kistler, announced today that company representatives will be meeting in Louisiana with Senior Parish officials to discuss and demonstrate the merits of KC 9000(R).
Freedom Senior Management has made arrangements to meet with Billy Nungesser, the Plaquemines Parish President, to demonstrate how KC 9000(R) will be effective in aiding the cleanup efforts once they have begun on the shoreline and water plant vegetation along the Louisiana coast.
After several exchanges with Freedom representatives and Mr. Nungesser's office, the meeting is planned for the week of the 14th, but the exact day is still to be determined due to the demand of Mr. Nungesser's time dealing with the catastrophic issues facing Plaquemines Parish.
It has been reported that Mr. Nungesser has been the catalyst to cut through the BP bureaucracy pertaining to Kevin Costner's company, Ocean Therapy Solutions. KC 9000(R), along with the mechanical process provided by Costner's group, would provide an environmentally friendly way of gathering the oil, cleaning it and replacing the water and solids back into the Gulf.
KC 9000(R) tests have shown it to be an excellent dispersant of the water and solids trapped in oil. KC 9000(R) acts in a two phase process. Phase one -- KC 9000(R) creates a micro-emulsion allowing the ingredients in KC 9000(R) to mix thoroughly with the oil. Phase two -- Either by mechanical methods, such as a centrifuge provided by Costner's group, or mere gravity, KC 9000(R) then allows the oil to become separated from the water and other contaminants. The oil is in sellable condition and more importantly in this situation, the water and solids are left with zero to trace amounts of hydrocarbons and can be reintroduced back into its natural environment.
Costner's centrifuge technology reportedly is able to process 210,000 gallons per day. At this rate it would require less than 2,000 gallons of KC 9000(R) per day to work in conjunction with Costner's company. This would be very manageable for Harcros Chemical, Kansas City, Kansas to produce.
ABOUT PLAQUEMINES PARISH: Plaquemines Parish, an elongated rural jurisdiction that runs southeast from New Orleans and escorts the Mississippi River into the Gulf of Mexico. For more information visit http://www.plaqueminesparish.com
ABOUT FREEDOM ENERGY HOLDINGS, INC.: Freedom Energy Holdings, Inc. is a holding company with its focus on the exploitation of opportunities in heavy oil related markets. Freedom's KC 9000(R) heavy oil technology is environmentally friendly and an effective cleaning solution of heavy oil sludge residue. Additionally, tests have shown variations of KC 9000(R) to be effective in getting heavy oil deposits to flow without heat. Freedom Energy International, Inc. is developing and marketing this uniquely effective proprietary technology for use by clients internationally, both by sale and licensing.
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: Freedom Energy International, Inc. www.freedomenergyinternational.com Investor Relations David Elias DME Capital, LLC 516-967-0205
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