|By Marketwired .||
|April 8, 2014 09:25 AM EDT||
FORT WAYNE, IN -- (Marketwired) -- 04/08/14 -- Freedom Energy Holdings, Inc. (OTC: FDMF) CEO Brian Kistler today provided an update for their dynamic carbon-reducing ELAS program.
On March 10, 2014, a demonstration of the ELAS Proto-type to extract the hydrocarbons from asphalt shingles was conducted. Present at the demonstration were representatives of the Michigan Department of Environmental Quality (MDEQ) Waste Management and Air Quality Divisions and Fishbeck Thompson Carr Engineering. The prototype system developed was a small scale system that met the requirements of the Pilot Project and Air Quality parameters. The prototype was built to prove the concept of the ELAS system and once approved will be able to be expanded to meet production capabilities.
After the demonstration, questions and concerns were addressed and answered. The MDEQ requested that a sampling of the waste product produced be tested to make sure it would acceptable for normal disposal at a landfill. A sample was collected and submitted to Tri Matrix Labs in Grand Rapids, Michigan. The test result was reviewed by the Kent County DPW and found that the waste material is able to be landfilled without any special provisions. A photograph of the sample tested will be made available once the new website is made available.
"I cannot express the level of my enthusiasm for the company's future. A final report is being prepared for submission to the MDEQ, requesting final approval to qualify the ELAS process for an exemption to recycle asphalt shingles in the state of Michigan," stated Kistler.
Kistler continued, "I know this is taking much more time than anyone ever imagined, however we have to realize that the caution from the MDEQ is a result of the past experiences with other attempts to recycle shingles only to create a large collection of shingles with nowhere to go with them. I am pleased that we have met and exceeded all the testing requirements and concerns regarding the ecological impact that the ELAS process will have on the environment. We have successfully shown that ELAS will not have any negative impact regarding Air Quality or Waste Management."
"The work that has been done over the last year meeting the demands of the MDEQ will not go unrewarded. As we clear the requirements in Michigan, please understand that it is just making the path to open other states to ELAS much easier and faster. So far all of the test results have shown to be acceptable in other states as well and with the assistance of Fishbeck Thompson Carr Engineering expanding into other states will be much easier. I continue to receive calls from interested parties from all over the United States, so I am confident that with the foundation we are building, it will only enhance the growth of the company," concluded Kistler.
Finally, as the Company receives final approval updates regarding ELAS will be announced and the Company will be bringing updates regarding the entrée into other exciting opportunities in the very near future.
ABOUT FREEDOM ENERGY HOLDINGS, INC:
Freedom Energy Holdings, Inc. (OTC: FDMF) is a holding company that specializes in the identification and development of technologies with commercial applications. The company's primary focus is the commercial development of its proprietary, breakthrough technology; (SR-139) proven 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 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 company's public announcements.
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