Freedom Energy Holdings CEO Outlines Progress in Middle East

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Tue Apr 6, 2010 1:00pm EDT

  FORT WAYNE, IN, Apr 06 (MARKET WIRE) -- 
Freedom Financial Holdings, Inc. (PINKSHEETS: FDMF) today released a
letter to shareholders from CEO and founder Brian Kistler outlining the
advances from his most recent Middle East visit.

    Dear Shareholders,

    My recent visit in Kuwait was very positive and I have much to report in
an effort to keep everyone as updated as possible. I planned on being in
Kuwait for 2 weeks but ended up spending 3 weeks and will be traveling
back on April 18th, 2010 to continue the progress made during this last
visit and to conduct further demonstrations for a major oil company
operating in the oil field in Western Kuwait. This business opportunity
was arranged by our sponsor Al Nasseria Petroleum Services, a Kuwaiti
Royal Family company.

    As one can imagine the process of opening up this new market is very
tedious and technical. However, with that being said the larger
demonstrations with private contractor companies were very successful. In
particular, we have broken the ice with the Equipment and Service Manager
for AGAM Group Ltd. Currently the process of cleaning their vacuum trucks
involves the use of a very strong and dangerous chemical treatment. After
viewing what KC 9000(R) did to the inside of the truck, he along with the
workers that have to clean the trucks each and every week were smiling as
their tasks are about to become easier and safer. Arrangements are being
made to have an initial order of KC 9000(R) delivered. Further
discussions are ongoing concerning the process of storage tank cleaning
and remediation capabilities of the KC 9000(R).

    I have submitted a technical proposal to the Research and Technology
Group of the Kuwait Oil Company to have KC 9000(R) as an approved product
to use in the processing of the oil sludge from the many evaporation pits
in Kuwait. As I was informed early on, the wall to do business in Kuwait
is high, but once we have gained all the required approvals, it will be
well worth the effort, time and expense to get over the wall. I am
convinced that not only will it be well worth it, but also will further
lead to other markets that have similar issues to deal with. Kuwait is
not alone.

    I also attended the Offshore Arab Conference & Exhibition in Dubai on
March 29th, 30th and 31st. During which I was able to introduce KC
9000(R) to representatives in the oil industry from Bahrain, Qatar, Saudi
Arabia, Oman and other private companies involved in oil sludge clean up.
Resulting from this conference Freedom has entered into substantive
discussions with a private company already contracted to do work in
several of the surrounding markets.

    I am pleased to report further that while in Dubai, I met with and
entered into joint venture discussions with a very prominent business
conglomerate, from Saudi Arabia, that is very influential in the area.
The long term implications of what KC 9000(R) will mean in the oil
industry is huge and once linked to a group like this, all of the
aforementioned markets will open up for us. 

    Finally, the United States Patent and Trademark Office have granted the
company trademark protection of "KC 9000". Registration was effective
March 9, 2010. Reg. No. 3,759,194.

    I want to again thank all shareholders for the patience and support being
supplied as we work to fully optimize the value of KC 9000(R).

    Respectfully submitted,

    Brian Kistler, CEO

    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:
Freedom Energy International, Inc.
www.freedomenergyinternational.com
Investor Relations
David Elias
DME Capital, LLC
516-967-0205 

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