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Freedom Financial Holdings, Inc.: Freedom Financial Holdings Announces Pinksheets.com Upgrades Status

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  Published in Business and Finance on Wednesday, May 27th 2009 at 8:27 GMT, Last Modified on 2009-05-27 08:28:53 by Market Wire
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FORT WAYNE, IN--(Marketwire - May 27, 2009) - Freedom Financial Holdings, Inc. (PINKSHEETS: [ FDMF ]) CEO Brian Kistler announced today that the company has submitted to Pinksheets.com the company information that qualified the company rating to be raised to "Yield Limited Information."

Kistler commented, "The Company has actively worked with Pinksheets.com to update the information to become in good standing on Pinksheets.com. The financial information made available at: [ http://www.pinksheets.com/pink/quote/quote.jsp?symbol=fdmf ] reflects the unaudited information for the parent company and the FHA audited financial information for the mortgage division from 2008.

"To save money during a very difficult economic environment, the company's Board of Directors determined it necessary to become delisted from the OTCBB, and on May 12, 2008 filed form 15-12G with the SEC to become non-reporting. However, for FHA purposes, the company maintains audited financial records of its mortgage division. In 2008 Freedom Energy International did not contribute to the company's revenues. First quarter unaudited financial statements will be made available by mid June.

"It was always the intent of the company to remain fully reporting and plans are being made to have all operations audited for 2008 and 2009 going forward. When the time is right, the company will make application to become fully reporting and quoted on the NASDAQ or listed on the AMEX," concluded Kistler.

Management looks forward to sharing updates concerning KC 9000™ sales and further developments of pending oil sales from leases the company controls.

ABOUT FREEDOM FINANCIAL HOLDINGS, INC.

Freedom Financial Holdings, Inc. ("FDMF") is a holding company with a focus on the identification of opportunities. The Company's objective is to acquire undervalued assets and/or initiate operations in underserved niches. Once established within the FDMF portfolio, the Holding Company will provide the support necessary to enable each of its subsidiaries to maximize their business opportunities.

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.