Business & Finance
Thu, June 3, 2010Wed, June 2, 2010Tue, June 1, 2010Mon, May 31, 2010Fri, May 28, 2010Thu, May 27, 2010Wed, May 26, 2010Freedom Energy Holdings, Inc. Announces British Petroleum Escalates KC 9000(R) to Stage 3
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Published in Business and Finance on Tuesday, June 1st 2010 at 13:31 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
FORT WAYNE, IN--(Marketwire - June 1, 2010) - Freedom Financial Holdings, Inc. (
Thank you for your submission to the Alternative Response Technology process for the Horizon Incident. This email is notifying you that your solution has been escalated for further technical review. Please see the attachment for a complete explanation of the ART process.
Thank you,
The Alternative Response Technology Team
The attachment referred to explained that out of the thousands of submissions, KC 9000® has been classified and escalated to stage 3 for technical review by BP Subject Matter Experts. It further went on to explain that should KC 9000® be considered "Feasible, Proven" or "Feasible Not Proven" it will be escalated to Stage 4 for final review and possible testing. The notice was signed by Michael J. Cortez, Technical Manager.
In a recent article written by MATT GUTMAN and JESSICA HOPPER it states that BP has set up a tip line center in Houston manned by 70 staffers. The public has flooded the center with 72,000 calls. BP has received another 20,000 ideas via e-mail. People sent in forms spelling out their ideas in greater detail and BP is taking a closer look at 700 of those suggestions. One may view the complete article at: [ http://abcnews.go.com/WN/bp-suggestion-box-overflows-inventions/story?id=10730071 ].
"The cost effective ease of application and the environmental friendliness of KC 9000® makes it a very viable option for the cleanup process of the shoreline and water vegetation being affected. While KC 9000® is not the total solution, it stands to be one of the most important steps in the process especially as more oil reaches the Gulf shoreline," stated Kistler.
"The oil spill is a bittersweet situation for Freedom. On one hand, this is a horrible situation that will be felt for many years, but on the other hand, I am very pleased that Freedom is in a position to be of assistance to those in need. Further information will soon be forthcoming," concluded Kistler.
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® heavy oil technology is environmentally friendly and an effective cleaning solution of heavy oil sludge residue. Additionally, tests have shown variations of KC 9000® 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.
