FRDM's Launch of Neighbors Protecting Neighbors(TM) Residential Protection Program Anticipated to Significantly Boost
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ORLANDO, FL, Nov 12 (MARKET WIRE) --
Michael S. Borish, Chairman and Chief Executive Officer of Freedom
Environmental Services, Inc. (PINKSHEETS: FRDM) announced on November 10,
2009 that the Company has developed Neighbors Protecting Neighbors(TM), a
pre-paid Residential Protection System for personal, communal and
multi-family septic systems. The State of Florida Health Department
estimates that 36% of all households are currently serviced by
residential septic systems. Neighbors Protecting Neighbors(TM) will, in
our management's opinion, ensure families and neighborhoods that their
environment will not be compromised at a yearly cost of less than a
fitness club membership.
Mr. Borish pointed out, "The incidence of costly septic system failure is
an increasing problem and Freedom Environmental Services, Inc. is at the
forefront of the residential waste services market by providing a
proactive program offering the highest level of service, maintenance, and
convenience to the consumer through Neighbors Protecting Neighbors(TM)."
The residential maintenance and protection program will be offered by the
Company at prices ranging from $795 to $1,695 for two or three years'
coverage, and may be financed. The program will be offered through
consumer and commercial direct sales channels. Initial selling efforts
will target the 1.5 million households in the Orlando-Tampa, Florida
region. Mr. Borish indicated that FRDM is anticipating, but cannot
guarantee, a market penetration rate of 2.5%, generating 35,000+
protected households. Although there can be no assurances, management
believes that the anticipated incremental revenue from this program for
2010 and 2011 is $32,000,000. Neighbors Protecting Neighbors(TM) will be
ramped up during the fourth quarter of 2009.
Freedom Environmental Services, Inc. is a Florida based, operating
wastewater services company servicing commercial, residential,
institutional and municipal infrastructure customers with remedial and
wastewater system protection programs. FES is in the process of developing
and managing high yield liquid waste to energy and nutrients conversion
programs. Freedom Environmental Services website is:
www.freedomwaterservices.com.
DISCLAIMER: This news release may contain forward-looking statements.
Forward-looking statements are inherently subject to risks and
uncertainties, some of which cannot be predicted or quantified. Future
events and actual results could differ materially from those set forth in,
contemplated by, or underlying the forward-looking statements. The risks
and uncertainties to which forward-looking statements are subject include,
but are not limited to, the effect of government regulation, competition
and other material risks.
Contact:
Michael Borish
CEO
Freedom Environmental Services
Phone: 407-658-6100
Copyright 2009, Market Wire, All rights reserved.
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