Freedom Environmental Acquires David M. Hickman Septic Service Company of West Chester, PA
ORLANDO, Fla., March 9, 2011 /PRNewswire/ -- Freedom Environmental Services (Pink Sheets: FRDM) announces today that it has acquired in an asset purchase the business and assets of David M. Hickman Septic Service Company, a family owned residential and commercial septic service company operating for over 100 years in the Pennsylvania area.
"This acquisition gives us the perfect location and the right partners to enter the Pennsylvania region and the surrounding 4 states," stated Michael Ciarlone, COO for Freedom Environmental. Mr. Ciarlone went on to say, "I was born and raised in the PA region and spent 40 years working in the area and building relationships. This property borders the Goose Creek wastewater facility and will allow us to develop a foothold in the Northeast to not only service Lincoln Field, home of the Philadelphia Eagles, but many other commercial relationships I look forward to reestablishing."
"Mr. Hickman and his family have serviced the area for more than 100 years and are well respected in the Pennsylvania region," states Mike Ciarlone. "We look forward to integrating our existing services and duplicating our existing grease recycling facility on our new PA site."
The rendering and grease recovery business offers Freedom Environmental a huge opportunity to grow its current business and commercial client base. According to Mr. Ciarlone, "This acquisition gives Freedom the ability to attract larger customers in all markets, creating the ability for us to service more locations in several states, and allows us to work with corporate and multiple franchisees that are looking to one company to handle the majority of their locations."
"We should have our grease recycling facility up and running in 90 days, and with the relationships that Mr. Hickman and I both have in the area, our grease recovery business will grow exponentially," says Mike Ciarlone. "We can sell every gallon of grease we can pick up and process to Solar Blue to supply the clean energy initiative at Lincoln Field."
Freedom Environmental announced an $18 million dollar supply contract last week with Solar Blue. The biodiesel produced from this contract will be used to produce renewable electricity for Clean Fuel's sister company, Solar Blue. Solar Blue has an exclusive 20-year contract to supply electric power for Lincoln Financial Field, home of the Philadelphia Eagles of the NFL.
About Freedom Environmental Services
Freedom Environmental Services (FES) is one of Florida's only 100% "Green" grease and wastewater collection, processing, and recycling companies headquartered in Orlando, Florida. FES provides the most comprehensive, cost-effective and reliable treatment systems and services. FES provides full capture and processing of organics and grease from both commercial and residential accounts. FES processes all wastewater and grease, normally sent to a dump site and produces a reusable bio-fuel feedstock. Working in conjunction with the Department of Environmental Protection, major utility providers, and local health departments, FES provides Wastewater and Storm-water System Management, Grease and Organics Collection, Processing, and Disposition, Commercial Plumbing and Water System Management, Septic service and maintenance, lift station maintenance, line jetting and excavations.
This media release contains forward-looking statements regarding the business operations and prospects of Freedom Environmental and industry factors affecting it. These statements are identified by words such as "may," "will," " begin," " look forward, " "expect," "believe," "intend," "anticipate," "should," "potential," "estimate," "continue," "momentum" and other words referring to events to occur in the future. These statements reflect Freedom Environmental's current view of future events and are based on its assessment of, and are subject to, a variety of risks and uncertainties beyond its control, including the continued disturbances in world financial, credit, commodities and stock markets, a decline in consumer confidence and discretionary spending, the general performance of the U.S. economy, global demands for bio-fuels and grain and oilseed commodities, which have exhibited volatility, and risks related to the construction and completion of any Freedom Environmental facility which could cause actual results to differ materially from those projected in the forward-looking statements. Other risks and uncertainties regarding Freedom Environmental, its business and the industry in which it operates are referenced from time to time in the Company's filings with the Securities and Exchange Commission. Freedom Environmental is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
SOURCE Freedom Environmental Services
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