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Freedom Energy Holdings, Inc. Announces KC 9000(R) Chosen as the Product of Choice

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  Published in Business and Finance on Wednesday, May 26th 2010 at 8:20 GMT by Market Wire
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FORT WAYNE, IN--(Marketwire - May 26, 2010) - Freedom Financial Holdings, Inc. (PINKSHEETS: [ FDMF ]) -- Freedom Energy Holdings CEO Brian Kistler announced today that he received notice that the company's proprietary environmentally friendly heavy oil solution, KC 9000®, has been chosen as the product of choice to process the heavy oil to be produced from a location in Southern Texas.

"This is the break we have been waiting for. The tar sand formation, yet to be disclosed, is reported to contain approximately 30 billion barrels of Heavy Oil with a current market value of $2.4 trillion," stated Kistler.

Kistler further commented, "A project like this could last over 100 years and a modest .5% dosage of KC 9000® would require over 4 million gallons per year once the fields are fully operational. This would conservatively equate to $15-20 million of net income for the company."

"All of the work and testing we have been doing with Heavy Oil from the Middle East, Venezuela and Canada is about to pay off. As a result of the information and results obtained from all the laboratory tests that we have been sharing with our shareholders, KC 9000® was chosen as the product of choice to treat the Heavy Oil so that once above ground, heat will not be needed to keep the oil flowing," continued Kistler.

"Due to confidentiality agreements, details are not able to be disclosed, but will be just as soon as possible. I look forward to further announcements in the near further as this and other projects begin to unfold," concluded Kistler.

ABOUT FREEDOM FINANCIAL HOLDINGS, INC.:
Freedom Financial Holdings, Inc. is a holding company with its focus on the exploitation of opportunities in heavy oil related markets. Freedom's KC 9000® heavy oil technology is effective in getting heavy 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.