Freedom Financial Holdings Announces Heavy Oil Technology Results From BT-20 Trials

Freedom Financial Holdings, Inc. (PINKSHEETS: FDMF) CEO Brian Kistler announced today that the company and Joint Venture Partner WI Technology have successfully completed Phase II testing of extracting Oil from used recovered asphalt with exceptional results.

Kistler stated, "WI Technology, and one of its proprietary technologies, is eco-friendly and bio degradable, dedicated to the recovery and production of Heavy Oil and Oil Sands. Our joint venture partner WI Technology has recently completed Phase II testing variation of their BT-20 technology to break down asphalt back into its original components, i.e. Oil, Coke, Sand and Gravel. Local asphalt companies use an estimated 10,000 gallons of oil a week, which equates to 227 BOI barrels of Oil. To be able to extract 100% of the oil from asphalt and then either sell it back to the refineries or the asphalt companies may provide a very profitable revenue stream."

"We are extremely pleased with the results coming from the WI lab as our Phase II trials conclude. The worldwide potential of being able to take used asphalt and recapture the Oil from it is truly a breakthrough technology. Previously old recovered asphalt was basically discarded. To have the ability to recycle the Asphalt components back to their original raw status and salvage 100% of the Oil is simply staggering when looking at the price of Oil. The old saying 'what is one man's trash can be another man's treasure' has a whole new meaning," continued Kistler.

"Our management team witnessed first hand the process work on an old piece of asphalt snatched from the side of the highway while headed back from Southwest, Missouri on a recent trip. It only took about 45 minutes to dissolve the asphalt; with the Oil floating on top and all of the rock, coke and other asphalt ingredients settled at the bottom of the testing jar, it was impressive," stated Kistler.

"The company will be releasing a video of the proprietary Asphalt process on its corporate website (www.FDMFinvestor.com) as well as YouTube and Yahoo! Finance in the coming weeks. Phase III trials will include treating a large amounts of asphalt and having further testing of the Oil from the refinery for quality and mineral calibrations. WI Technology officials have estimated that final results from Phase III trials will be completed by mid October," Kistler further stated.

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 STATEMENTS

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.