Orlando, FL 11/9/11 (StreetBeat) --Freedom Environmental Services (Other OTC: FRDM.PK) announces that the 2nd quarter 10-Q filing is complete and the company is now current and compliant with all filings. Freedom Environmental Services showed a 4700% increase in revenues compared to Q2 of 2010 benefitting from the acquisitions of both Brownies Wastewater Solutions and Grease Recovery in 2010. Freedom demonstrated a gross operating margin of over 39% and reduced the loss for the quarter by more than 84%.
Michael Ciarlone, Freedom COO, stated, "We are making excellent progress in all facets of our business and we are excited to finally be current with all of our financial filings and in total compliance for a reporting company. The acquisitions completed last year and execution of our business plan will lead to substantial growth in 2011 and full year profitability."
Mr. Ciarlone added, "Although the economic climate is challenging for many businesses today, we expect to have a record year of both revenue growth and profitability, and we look for an even better year in 2012 with increased profitability. We firmly believe our business is recession proof because the services we provide to major companies are required regardless of the economic environment."
Freedom Environmental Services provides waste water and storm-water system management; grease and organics collection and disposition; and commercial plumbing and water system management to the commercial, industrial, and municipal markets throughout Central Florida as well as septic system maintenance and repair to the residential market throughout Central Florida.
The company is headquartered in Orlando, Florida and services more than 1,000 commercial accounts. Its clients include Universal Studios, Pepsi, brand-name restaurants like P. F. Chang’s and Dunkin’ Donuts, and several major utility companies.
