|By Marketwired .||
|May 15, 2014 09:15 AM EDT||
FORT WAYNE, IN -- (Marketwired) -- 05/15/14 -- Freedom Energy Holdings, Inc. (OTC: FDMF) CEO, Brian Kistler, today announced the Company has entered into a BINDING LETTER OF INTENT to acquire Launch TV Network Company, Inc. (LaunchTV).
Launch TV Network reaches up to 30 Million Homes via TV, Cable and STB Cable, reaching up to 43 Million Internationally. Currently in 21 U.S. Markets, Jamaica, U.K., and Kenya, Africa, including television, cable, web, and mobile outlets.
LaunchTV will continue to be under the leadership of CEO and Co-founder Maureen Cooper and Co-founder John Dash. Launch TV Network could be described as a hybrid of channels like IFC, A&E, BRAVO and a touch of FUSE. Similar Target Demographics between 18 - 54 years of age. Shows with areas of similarity are: Reality, Independent Film, Scripted, Non-Scripted Series, Music and Interactivity.
Launch TV incorporates fresh new relevant productions with recognizable stars launching new pilots and series, and will be giving the audience the ability to participate with voting and crowdfunding in deciding what new shows will become the network's flagship series. Providing the participating audience with donor rewards and sponsor coupons to facilitate direct audience interactive participation with the network's Sponsors and Branded Advertisement Clients. Launch TV Network will be the first Broadcast TV crowdfunding platform that helps fund campaigns in front of a television audience.
Under the terms of the agreement, upon the completion of the due diligence period, LaunchTV will become a wholly owned subsidiary of the parent company Freedom Energy Holdings, Inc. in exchange for Preferred Series B shares. By regulation, the Series B shares are issued restricted and remain so for 12 months. Closing to be on or before May 31, 2014.
LaunchTV will continue to be under the leadership of CEO and Co-founder Maureen Cooper and Co-founder John Dash.
Maureen Cooper is a Boise State University Graduate, BA; writer for the Ivory Tower Magazine, for Brigham Young University and Boise State University. Maureen served as an Adjudicator for the Federal Government Social Security Disability Determinations Dept., and a licensed Worker's Compensation Adjuster. Finding her way back to the Entertainment business, in the TV industry she has done everything from handling general traffic needs, to serving as a TV Syndication Manager, and Program Director. Maureen assisted established networks, as well as start-up networks, in acquiring new affiliate TV broadcast stations and successfully coordinating and booking TV Syndicated movie packages for TV Broadcast groups such as Sinclair Broadcasting. Maureen served as Chief Executive Officer of Goliath Promotions. Presently Chief Executive Officer for Launch TV Network Company, Inc., negotiating film to television, cable and/or major network contracts, including HBO, TBN, etc. She oversees programming acquisitions, and has negotiated and obtained rights for over 10,000 programs, including feature films, television series, documentaries, etc. Maureen spearheaded Launch TV Network's international launch in Kenya, Africa, as well as new media channels for Launch TV.
John Dash has been in the broadcast industry for over 25 years. He owns several TV and Radio Stations. He has a full service Master Control facility, creating a full service system for networks and/or broadcast stations that is cost efficient, yet superb service. John has also developed templates for popular set-top boxes that let content providers, TV stations and/or networks utilize for less in price and extremely fast in development time. John first creates, tests and then delivers, in half the price and half the time. John will continue to serve as the Chief of Technology for LaunchTV and will be working in full cooperation and coordination with Robert Panek, Chief of Technology for Freedom.
Assisting Maureen and John in the day to day operations and growth will be: Emanuel Turner, Chief of Business and Legal Affairs; David Wenzel, Director of Creative Promotions and New Development; Priscella Cooper-Holyfield, Marketing Communications Coordinator; James Fargo, Consulting Director/Budgeting and Financial Consultant and Zaire Baptiste, Head of Studio Productions. For more information please visit, http://www.launchtvstudios.com
"Of all the industries to be associated with over the next 20 years, I would choose Renewable Energy, Medical Marijuana, and News & Entertainment. The Company's renewable energy division is the new and groundbreaking ELAS process to recycle asphalt shingles. Global Medical Marijuana Forum, Inc. (GMMF), wholly owned subsidiary of Freedom will house all of the involvement into this industry. With the acquisition of LaunchTV, the company is now positioned to take advantage of what I consider to be the 3 greatest future growth industries. While we wait for regulatory approval for ELAS, Freedom is not subject to the 'failure to Launch.'
"It is a privilege that Maureen decided to join forces with me as we build Freedom into the diversified holding company I envisioned. While separate industries, ELAS, GMMF and Launch TV each has the potential of creating a great deal of shareholder value. Each in its infancy stages, however each being led by experienced and very qualified individuals," stated Kistler.
"I am looking forward to further unfolding the overall plan for Freedom as things continue to progress. With Launch TV the Company will now have the ability, in house, to reach the masses with information regarding the plans and accomplishments. Specifically, as the Medical Marijuana Industry continues to mature, Launch TV will have an established programming genre to serve the Cannabis related markets when other platforms either cannot or will not. As I surround myself with quality individuals like Maureen and John, I am confident that with the recent activities, the success for Freedom is as sure a bet as one can make," concluded Kistler.
ABOUT FREEDOM ENERGY HOLDINGS, INC:
Freedom Energy Holdings, Inc. (OTC: FDMF) is a diversified 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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