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Freedom Energy Enters Into Joint Venture Discussions for Central and South American Heavy Oil Production

  //business-finance.news-articles.net/content/201 .. ral-and-south-american-heavy-oil-production.html
  Published in Business and Finance on Wednesday, June 9th 2010 at 14:20 GMT by Market Wire
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FORT WAYNE, IN--(Marketwire - June 9, 2010) - Freedom Financial Holdings, Inc. (PINKSHEETS: [ FDMF ]) CEO, Brian Kistler, announced today that the company has entered into substantive discussions with the business group to form a Joint Venture for Venezuela.

The tests undertaken over the last six months have developed into discussions of forming a Joint Venture to take KC 9000® into Central and South American oil production.

CEO Brian Kistler stated, "The group of business leaders that we have been dealing with over the last 6 months have expressed firm interest in taking KC 9000® into the Central and South American markets. The ability to permanently decrease the viscosity of Heavy Oil with low API is huge. It took some time but I am confident that this along with all of the other projects we have in process will develop into something we all can be excited about."

Heavy Oil accounts for almost 2/3 of world's oil reserves. Delivering that oil to market cost effectively is a major opportunity and challenge, and the business which makes a significant aspect of this process easier and cheaper will benefit massively. FEI has proven their technology in their local environment on their own and other leases. The variation in oilfield geology and oil chemistry plus the size of the worldwide industry means extending this success requires steady long-term development.

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. The Company acquires undervalued assets and/or initiates 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. Freedom's KC 9000™ heavy oil technology is effective in freeing oil wells, getting heavy deposits to flow and improving heavy oil to refinery grade without heat or post processing to facilitate this. 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 its 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.