Shawshank, VA 2/29/2012 (StreetBeat) – Freedom Energy Holdings, Inc. (Pink Sheets: FDMF) CEO Brian Kistler today confirmed that the company has received the funding to produce and ship KC 9000® for the previously mentioned Middle East trial.Kistler stated, "The first trial tentatively set to take place in April 2012 has been moved up to early March. The purpose of this trial is to show the effectiveness of cleaning, oil covered, drill cuttings from wells being drilled on shore. The parties requesting the trial have funded all expenses of product, shipping, travel and lodging for me to attend this event. The location for the trial has not been disclosed to me at this time; however all plans are being coordinated through our agent in Dubai."
Kistler further stated, "There are approximately 1 million tons of drill cuttings that have been accumulated that are yet to be processed from this one location. The current cost of cleanup is $65 per ton. Using KC 9000®, costs show to come in under $50 per ton. Using this model would call for approximately 2 million gallons of KC 9000® to process the whole 1 million tons already accumulated. Moving forward the plan is to set up modular processing plants at the sight of the new wells being drilled so that the cuttings are able to be processed immediately which will save costs from transportation and storage of the cuttings."
"It is very rewarding to finally reach this point. When dealing with the foreign oil companies (which are all governmentally owned) it takes a great deal of perseverance and coordination to overcome the high degree of scrutiny and the barrier of entry. Thanks again to all of our shareholders for their patience," concluded Kistler.
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