Freedom Energy Holdings Turns Profit

FORT WAYNE, Ind., Aug. 24, 2011 /PRNewswire/ — Freedom Energy Holdings, Inc.
(Pinksheets: FDMF) announced today that the company as a result of the recent
new relationships has posted a net gain profit for the 2nd Quarter 2011.

Freedom Energy Holdings CEO, Brian Kistler stated, “I am extremely pleased to be
able to announce this turn around in the life of the company. As a result of the
work, travel and new relationships established over the last several months, the
efforts have finally begun to pay off.

“As a result of just one project the company has posted gross revenues of
$175,000 and $55,000 net profit for the 2nd Quarter. The complete financial
statement has been posted on OTCIQ which the company maintains a Current
Information Status. Having always desired to be as transparent as possible, I am
proud of the level of disclosure the company is reporting and when compared (to
the companies which are listed) we are one of the more complete disclosures on
OTCIQ.

“Efforts continue regarding the exploitation of KC 9000®, the company’s
proprietary technology into the market place. I have been contacted by several
interested parties, regarding KC 9000®, and look forward to bringing exciting
developments in the near future,” concluded Kistler.

ABOUT FREEDOM ENERGY HOLDINGS, INC.

Freedom Energy Holdings, Inc. (FDMF.PK) is a publicly traded company that
specializes in the identification and development of technologies with
commercial applications in the energy industry sector. Presently, the company’s
primary focus is the commercial development of its proprietary , heavy oil
technology, KC 9000® , a breakthrough technology which provides an effective and
cost efficient system to enable heavy oil deposits to flow without heat. This
pioneering technology is projected to revolutionize current recovery processes
being utilized. The company is presently marketing KC 9000 through sales and
licensing agreements to potential clients on a worldwide basis.

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.
www.freedomenergyinternational.com

SOURCE Freedom Energy Holdings, Inc.