FORT WAYNE, Ind., May 22, 2012 /PRNewswire/ -- Freedom Energy
Holdings, Inc. (Pink Sheets: FDMF.PK) CEO, Brian Kistler, today announced that DME
SECURITIES, LLC a New York Stock Exchange Member, has secured a
commitment for $800,000 from Kodiak
Capital Group, LLC, a Newport
Beach-based private investment fund.
Brian Kistler stated, "As we
continue to grow and diversify our interests, Kodiak is the perfect
partner for Freedom Energy Holdings as we continue to make inroads
into the most suited markets for the deployment of our proprietary
technologies KC 9000® and Patent Pending SR-139."
Ryan Hodson, Managing Director,
Kodiak Capital Group, LLC, commented, "Freedom Energy is a perfect
match for our interest in the oil and gas industry as well as the
renewable energy. We are especially interested in the SR-139
process for the recovery of the hydrocarbons from the over 11
million tons of asphalt shingles disposed annually. The
potential market for Patent Pending SR-139 is very exciting and we
at Kodiak see the advantages of making this sizable commitment into
Freedom under Mr. Kistler's direction."
Kistler continued, "With assistance from Kodiak I will be able
to start the development and creation of the mechanical process
that will allow us to recover the over 2 million tons of
hydrocarbons being thrown away each year in landfills. I am
thankful for their confidence and the guidance I have received from
DME. With this team in place we will no longer be captivated by the
inability of others to perform."
"Further, I am happy to report that the KC 9000® shipped to the
Middle East has been cleared
through customs and is in the control of our agent. Bench tests
have begun and even though there have been delays, all is on track
and I look forward to bringing further updates as they are made
available," concluded Kistler.
ABOUT KODIAK CAPITAL GROUP, LLC
Kodiak is an institutional investor headquartered in Newport Beach, CA. Kodiak's experienced
professionals manage a portfolio of investments in public and
private entities. These investments are in a wide range of
companies and industries emphasizing life sciences, energy and
technology. Kodiak's investments range from multiyear financial
commitments to fund growth to special situation financings to
long-term strategic capital offering companies certainty,
flexibility and consistency. For more information, visit
www.kodiak-capital.com
ABOUT DME SECURITIES, LLC
DME SECURITIES, LLC, headquartered in New
York, is a member of the New York Stock Exchange, National
Association of Securities Dealers, Financial Industry Regulatory
Authority, and the Securities Investor Protection Corporation. DME
is a full service financial firm providing comprehensive financial
advice and superior service to the individual and institutional
investors and serves clients through a network of
professionals.
ABOUT FREEDOM ENERGY HOLDINGS, INC:
Freedom Energy Holdings, Inc. (FDMF.PK) is a publicly traded
company that specializes in the identification and development of
technologies with commercial applications in the energy industry
sector. The company's original primary focus is the commercial
development of its proprietary, heavy oil technology. KC 9000®, a
breakthrough technology, provides an effective and cost efficient
system to enable heavy oil deposits to flow without heat. Recent
research has developed and shown SR-139 to be effective at breaking
down asphalt shingles allowing the recovery of hydrocarbons.
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
Freedom Energy Holdings, Inc.
Investor Relations
Steven Marcus
DME Capital LLC
917-648-0663
www.freedomenergyinternational.com
SOURCE Freedom Energy Holdings, Inc.