Freedom Energy - SR-139 Process Patent Application Update

FORT WAYNE, Ind., March 19, 2012 /PRNewswire/ -- Freedom Energy Holdings, Inc. (Pinksheets: FDMF) announced today that the company has retained Michael W. Goltry, of Parsons & Goltry, Patent and Trademark Attorneys at Law, Phoenix, Arizona, to provide the patent application for FDMF's proprietary asphalt shingle recycling technology SR-139.

Michael W. Goltry holds a chemistry degree from the College of Idaho and a law degree from Brigham Young University.  After graduating law school, Michael moved to Washington, D.C, where he was a judicial law clerk for Chief Judge Frank Q. Nebeker of the United States Court of Appeals for Veteran's Claims.  Michael is registered to practice before the United States Patent and Trademark Office and for over 12 years has prepared and prosecuted trademark applications, and patent applications relating to a wide variety of technological fields including the communications, chemical, pharmaceutical, cosmetic, mechanical, electrical, electromechanical, computer, computer software, and semiconductor fields.  Michael is a frequent lecturer on patents and trademarks, is an active member of the state bar of Arizona, is an affiliate member of the state bar of Idaho, and is an a avid fly-fisherman. www.patentsavers.com

Brian Kistler, Chief Executive Officer, Freedom Energy Holdings commented, "I am glad to announce that the wheels for the patent application are fully in motion. After conducting the initial investigation, Mr. Goltry agreed to move forward with the application. His firm has been fully retained and has prepared an initial draft of the patent application and we are reviewing the contents for accuracy. I fully expect to file the final application very shortly to gain the term patent pending when describing the SR-139."

"I continue to receive new inquiries weekly from other shingle recyclers both domestically and internationally. Once the process is fully operational and the finished product is being produced, the true value of SR-139 will be recognized. Our joint venture with CSSR has been suspended by mutual agreement. Evidently the task to engineer and build proved to be more daunting than originally thought. We are continuing to nurture and develop relationships within the asphalt shingle recycling industry, which is at its infancy. This is only a minor setback and will prove to be advantageous for Freedom and our shareholders. With our recently announced Investment Banking agreement with DME Securities, funding for the mechanical design will hopefully follow and we will be able to complete the engineering and design without outside assistance. Should there be any questions please feel free to contact me," Kistler concluded.

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. The company's original primary focus is the commercial development of its proprietary, heavy oil technology. KC 9000®, a breakthrough technology, provides an effective and cost efficient system to enable heavy oil deposits to flow without heat. Recent research has developed and shown the 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 its 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

Investor Relations
Steven Marcus
DME Capital LLC
917-648-0663

SOURCE Freedom Energy Holdings, Inc.