Freedom Environmental Updates Company's Strategy and Priorities for 2010 Company to Focus on Increased Revenue From Further Market Penetration and "Green" Related Services
ORLANDO, Fla., Mar 24, 2010 (GlobeNewswire via COMTEX) -- Freedom Environmental Services (Pink Sheets:FRDM) announced today that it will begin an aggressive effort to implement several operational and marketing strategies over the next 3 quarters.
According to Freedom's CEO, Michael Borish, "Freedom is ahead of sales projections for its commercial and residential contracting services division. The Company recently signed a service contract with the University of Central Florida to handle their 'lift station' maintenance. We want to be the service provider of choice for the entire Florida University system," said CEO Michael Borish.
Freedom also plans to expand its existing contracts with Medallion Petroleum, the largest BP America and Chevron jobber in Florida with over 1000 locations, Hampton Inns representing nearly 110 locations and Dunkin Donuts with over 650 locations.
The company has already begun roll-out of its patented "Grease Separator" product and anticipates a potential first tier market of more than 40,000 Florida restaurants. It is the Company's belief that it saves the average "full-service" restaurant thousands of dollars in both lost time and service calls by using the separator.
Additionally, Freedom will also begin a marketing "rollout" of its proprietary "Septi-Free" septic system additive, a biodegradable and environmentally safe formula. "Our goal is to provide these 'value-added' products to our expanding client base while maintaining our pristine ecosystem," Borish said. "The wastewater market is a billion dollar industry and we plan to leave a footprint there!" Borish also remarked.
The Company will begin capitalizing on new opportunities like development of a "green" waste-to-energy facility. Freedom recently put 26 acres near the Port of Canaveral in Brevard County under contract and will undertake a feasibility study to determine the viability of such a project.
A Company spokesperson noted that an environmentally friendly waste-to-energy facility delivers an excellent return on investment and the Company's proposed location has very little competition.
About Freedom Environmental Services:
Freedom Environmental Services is a "Green" wastewater management company with its headquarters in Orlando Florida. Freedom provides comprehensive, cost-effective and reliable waste management services. The Company's focus is the implementation of environmentally friendly wastewater treatment processes and systems, commercial disinfection systems and cleaning contracts.
This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. FRDM has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect the FRDM's current beliefs and are based upon information currently available to it. Accordingly, such forward looking statements involve known and unknown risks, uncertainties and other factors which could cause the FRDM's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. FRDM undertakes no obligation to update or advice in the event of any change, addition or alteration to the information catered in this Press Release including such forward-looking statements.
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"Green" Waste to Energy Facility Proposed by Freedom Environmental
ORLANDO, Fla., March 29, 2010 GLOBE NEWSWIRE Freedom Environmental Services (Pink Sheets:FRDM) announced today that it has signed a contract for 26 acres of undeveloped land in Brevard County for the purpose of constructing a state-of-the art "Green" waste to energy facility and full service wastewater treatment.
The proposed facility will utilize emerging technologies that are able to produce energy from waste and other fuels without direct combustion. Management believes that these technologies have the potential to produce more electricity from the same amount of fuel than would otherwise be possible by direct combustion.
"We predict that this is the next "big wave" in recycling and green technology," said CEO Michael Borish. "In addition to serving Freedom's needs, we anticipate, but cannot guarantee, our "Green" facility will attract use by our competitors, creating an additional revenue stream for Freedom."
The technology known as "Anaerobic digestion" has been around for decades. We believe it is a much more efficient process to treat wet organic material. It is extremely efficient in treating effluent and sewage. Freedom's management contends this "green technology" process greatly reduces the amount of organic matter which might otherwise be destined to be dumped at sea. While reducing "greenhouse gas" emissions, the process produces a methane and carbon dioxide rich biogas which can be used for energy production.
A company spokesperson noted that Freedom could realize substantial revenues from the sale of both the renewable biogas and the residual nutrient rich fertilizer generated from this new "Green" facility.
About Freedom Environmental Services
Freedom Environmental Services is a "Green" wastewater management company with its headquarters in Orlando Florida. Freedom provides the most comprehensive, cost-effective and reliable treatment systems and services. Freedom offers conventional wastewater treatment processes and systems, disinfection systems and cleaning contracts. Freedom's products and services are designed to help keep your water safe and clean and your company profitable.
This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. FRDM has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect the FRDM's current beliefs and are based upon information currently available to it. Accordingly, such forward looking statements involve known and unknown risks, uncertainties and other factors which could cause the FRDM's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. FRDM undertakes no obligation to update or advice in the event of any change, addition or alteration to the information catered in this Press Release including such forward-looking statements.
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