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Freedom Financial Holdings Secures Leases for 500 Acres to Begin Production Using Heavy Oil Technology

Posted on: Monday, 22 September 2008, 12:00 CDT

Freedom Financial Holdings, Inc. (PINKSHEETS: FDMF) CEO Brian Kistler announced today that the company has successfully secured Oil and Gas Leases for 500 acres of ground in Vernon and Barton County, Missouri. The Company believes the newly acquired leases and acres to be rich with heavy oil sands.

Kistler stated, "An important piece of the puzzle has now been put into place as we move forward and closer to the production of oil. The acres Freedom now control have historical data that give us great confidence that the sea of oil mentioned in last week's article in the Kansas City Star is within our grasp. To view more information concerning the opportunity in Heavy Oil please visit: http://www.kansascity.com/105/story/797092.html."

"After reviewing the leases, geological maps and historical data, I am extremely optimistic regarding the potential opportunities Freedom now has before it. The samples of oil sands taken from this property is very impressive and given the ability Freedom has to work with the Heavy Oil, there could be a real bonanza of oil produced. What I am most impressed with is the short period of time it takes for the oil to be extracted from the samples," Johnny Haas, Senior Advisor stated.

"We continue to make alliances in the industry and each day brings new and meaningful developments. I am looking forward to keeping all shareholders as informed as possible as soon as possible. These truly are exciting times for our company and shareholders," concluded Kistler.

ABOUT FREEDOM FINANCIAL HOLDINGS, INC.

Freedom Financial Holdings, Inc. ("FFH") is a holding company with a focus on the identification of opportunities. The Company's objective is to acquire undervalued assets and/or initiate operations in underserved niches. Once established within the FFH portfolio, the Holding Company will provide the support necessary to enable each of its subsidiaries to maximize their business opportunities.

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: Freedom Financial Holdings, Inc. www.fdmfinvestor.com Brian Kistler 260-490-5363 ext 307  

SOURCE: Freedom Financial Holdings, Inc.

Source: MARKET WIRE

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