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Freedom Financial Holdings, Inc.: Freedom Financial Holdings to Present to the Kuwait Oil Company

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  Published in Business and Finance on Tuesday, August 18th 2009 at 6:13 GMT, Last Modified on 2009-08-18 06:13:57 by Market Wire
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FORT WAYNE, IN--(Marketwire - August 18, 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 been invited to conduct a live demonstration to members of the Kuwait Oil Company (KOC).

Kistler commented, "The opportunity this presents for Freedom is enormous. Freedom Energy International's proposal was submitted to the KOC's Research and Technology Group in April 2009. Sami Wanis, President of Maximus International, a subsidiary of Middle East Contractors and Consultants (MECC) and a partner with Al-Thurya Company, a Kuwaiti royal family company, has worked closely with members of the Kuwaiti Royal Family for several years and has been very instrumental assisting Freedom through the process and to the point of receiving an invitation to demonstrate KC 9000™ to the KOC."

"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.

"It has been my pleasure to work with Freedom Energy International. Once approved for sponsorship, Freedom Energy International, Inc. will be able to establish joint venture operations in Kuwait, working closely with members of the Kuwait Oil Company and Kuwait National Petroleum Company," stated Wanis.

"The actual date for the presentation is still to be set, and I will keep shareholders informed once final plans have been made. I appreciate all the support and kind words of encouragement conveyed from our shareholders. Further the second quarter financial statements will be posted on [ www.pinksheets.com ] before the end of August," concluded Kistler.

For further information please visit: [ http://www.thenational.ae/article/20090401/BUSINESS/180304407/1005/rss ]

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.