Fort Wayne, IN, August 13, 2013 - Freedom Energy Holdings, Inc. (OTCPink: FDMF) today provided a corporate update outlining the events that has transpired over the last several months.
Brian Kistler, CEO, stated “A great deal of work and effort has gone into setting the stage for what I believe is going to be an exciting time for the company. In the last corporate update, I mentioned the Patent Pending SR-139 Asphalt Shingle Recycling technology. While it is true that we had a couple of false starts, I am very pleased to announce that we have developed the mechanical process of extracting the liquid asphalt from the shingles. We named this process and have launched “ELAS”. The acronym for “(E)xtraction of (L)iquid (A)sphalt from (S)hingles”.
Kistler continued, “ELAS” is a patent pending process that utilizes the patent pending technology SR-139. Construction of the first plant has begun and if all goes as planned, we hope to be in production by early fall. We have been working with the environmental agencies for the last few months to secure the permits needed.
“The opportunities are great in that over 11 million tons of asphalt shingles are disposed of each year into the landfills. To put that into perspective, if every ton of shingles could be recycled, on a very conservative basis, it could mean over $500 million each year in bottom line profits, for someone, from the estimated 2 million tons of hydrocarbons just wasting away.”
Kistler went on to say, “Many have tried to enter into the shingle recycling arena only to find out it was much easier to collect the shingles than to recycle and get rid of them once collected. So in addition to the yearly disposal there are many locations with tons of shingles, just waiting for the solution and WE HAVE IT!”
Once the permits have been issued, the mechanical engineering perfected and the first plant fully operational, the company plans to offer the technology and process on a commercialized basis that can be duplicated in any location both small and large.
“I look forward to bringing updates and new developments regarding this opportunity in the very near future,” Kistler concluded.
ABOUT FREEDOM ENERGY HOLDINGS, INC:
Freedom Energy Holdings, Inc. (OTCPink: FDMF) 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[R], a breakthrough technology, provides an effective and cost efficient system to enable heavy oil deposits to flow without heat. The company has developed and shown a new product SR-139 to be effective at breaking down asphalt shingles allowing the extraction and 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.
SOURCE Freedom Energy Holdings, Inc.
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