Freedom Financial Holdings, Inc.: Freedom Financial Holdings Submits KC 9000(TM) Proposals to Middle East

Published in Business and Finance on Tuesday, June 2nd 2009 at 6:57 GMT, Last Modified on 2009-06-02 06:58:39 by Market Wire
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FORT WAYNE, IN--(Marketwire - June 2, 2009) - Freedom Financial Holdings, Inc. (PINKSHEETS: [ FDMF ]) CEO Brian Kistler announced today that Freedom Energy International, the Company's wholly owned subsidiary dealing with Heavy-oil conversion technology, has submitted technical proposals to parties from Kuwait and The United Arab Emirates.

Kistler commented, "In December 2008, Sami Wanis, President of Maximus International (a subsidiary of Middle East Contractors and Consultants, Mr. David Lopez, Esq. President, a partner with Al-Thurya Company a Kuwaiti royal family company) contacted me concerning our 'Heavy Oil' technology. Mr. Wanis was commissioned with the task of locating a technology to assist in 'upgrading Heavy Oil.'"

"Billions of dollars have been spent over the last decade searching for a cost effective means of working with 'Heavy Oil' both above ground and beneath the surface. The concern for the shrinking supply of light crude oil has demanded that the vast amounts of 'Heavy Oil' in the world be tapped into. Knowing where the oil is located, getting the oil out of the ground and refining the oil in a cost effective manner fits right into KC 9000™," continued Kistler. For further information please visit: [ http://www.thenational.ae/article/20090401/BUSINESS/180304407/1005/rss ]

"After many months of preparation, field testing, and research, I was happy to invite Freedom Energy International to submit technical proposals for review and consideration for future partnerships and/or joint ventures with both Kuwaiti and U.A.E. concerns. The proposals were completed and submitted in April 2009 and are currently under review. The independent lab results are truly amazing and from all of my searching, KC 9000™ is by far the most cost effective method of treatment I have found. I am looking forward working with Freedom and introducing KC 9000™ to the world of 'Heavy Oil,'" stated Mr. Wanis.

"This opportunity is just one of several that are developing. When I consider all the doors that KC 9000™ is opening, the future is looking very bright for Freedom. From our own oil production to tank and tanker remediation, KC 9000™ is about to change the world's view of 'Heavy Oil' and I am looking forward to future announcements as they develop," concluded Kistler.

ABOUT SAMI WANIS: In 1978, Mr. Wanis' father, Samir Wanis (deceased), was sponsored in Kuwait by Al-Mulla group. The company flourished and sponsored 126 European and American companies in which many were 500 fortune companies. Mr. Wanis served as the business developer and signed exclusive agreements dealing mainly in industrial equipment. In 1992 Mr. Wanis and his father, sponsored in Kuwait, formed American International Consultants sponsoring mainly construction and oil companies since Kuwait was devastated by the Iraqi invasion. By 1998 national security was a major issue in Kuwait and Mr. Wanis introduced several security companies to Kuwait and by the year 2000 the company expanded to the Emirates, Saudi Arabia, Qatar and Bahrain dealing in barriers, bullet proof products such as glass, vests and armored vehicles. The company was the exclusive company to the Ministry of Defense and Security in Kuwait. Having strong and influential contacts in the Center tender Committee in Kuwait, Mr. Wanis has established many strong contacts in Qatar, Bahrain, Oman and Yemen.

ABOUT FREEDOM FINANCIAL HOLDINGS, INC.:

Freedom Financial Holdings, Inc. 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.

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