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Freedom Energy Holdings, Inc. To Seek Listing On AMEX


//business-finance.news-articles.net/content/201 .. energy-holdings-inc-to-seek-listing-on-amex.html
Published in Business and Finance on Wednesday, August 15th 2012 at 12:46 GMT by Market Wire   Print publication without navigation


Freedom Energy Holdings, Inc. To Seek Listing On AMEX -- FORT WAYNE, Ind., Aug. 15, 2012 /PRNewswire/ --

Freedom Energy Holdings, Inc. To Seek Listing On AMEX

[ ]

FORT WAYNE, Ind., Aug. 15, 2012 /PRNewswire/ -- Freedom Energy Holdings, Inc. (Pink Sheets: [ FDMFD ]) CEO, Brian Kistler, today announced today that the company's first and foremost goal is to become full reporting once again and filing a registration statement with the SEC, with the goal of being listed on the American Stock Exchange (AMEX).

The requirements to make application to the AMEX are quite reachable as shown below.

Requirements

Standard 1

Standard 2

Standard 3

Standard 4

Shareholders' equity

$4 million

$4 million

$4 million

N/A

Pre-tax income required in last fiscal year or two of three most recent fiscal years.

$750,000

N/A

N/A

N/A

Market capitalization

N/A

N/A

$50 million

$75 million
OR
At least $75 million in total assets
and $75 million in revenues

Distribution


800 public shareholders and 500,000 shares publicly held
OR
400 public shareholders and 1 million shares publicly held
OR
400 public shareholders, 500,000 shares publicly held and average daily trading volume of 2,000 shares for prior 6 months
 


800 public shareholders and 500,000 shares publicly held
OR
400 public shareholders and 1 million shares publicly held
OR
400 public shareholders, 500,000 shares publicly held and average daily trading volume of 2,000 shares for prior 6 months
 


800 public shareholders and 500,000 shares publicly held
OR
400 public shareholders and 1 million shares publicly held
OR
400 public shareholders, 500,000 shares publicly held and average daily trading volume of 2,000 shares for prior 6 months
 


800 public shareholders and 500,000 shares publicly held
OR
400 public shareholders and 1 million shares publicly held
OR
400 public shareholders, 500,000 shares publicly held and average daily trading volume of 2,000 shares for prior 6 month
 

Price

$3

$3

$2

$3

Market value of  public float

$3 million

$15 million

$15 million

$20 million

 

The company's objective moving forward is to file a registration statement with the SEC and to increase its Net Stock Holders Equity by bringing its debt to equity ratios down, and acquiring value with our new and improved financial instruments. Given the recent debt and capital restructuring that the Company has just completed, shareholder equity (reflected on the current balance sheet) is now over $1,000,000.  

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.

Contact: Brian Kistler CEO, 260-490-9990

SOURCE Freedom Energy Holdings, Inc.



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