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Freedom Energy Holdings Finalizes Acquisition of Launch TV Network With Distribution to Over 30 Million Households; Confirms Reduction of Outstanding Shares

FORT WAYNE, IN -- (Marketwired) -- 05/29/14 -- Freedom Energy Holdings, Inc. (PINKSHEETS: FDMF) CEO, Brian Kistler, today proudly announced that on Monday, May 19, 2014 the acquisition of Launch TV Network Company, Inc., was completed, the definitive agreement signed and is now a wholly owned subsidiary of Freedom Energy Holdings, Inc. Kistler further announced that on Tuesday, May 20, 2014 the release of the acquisition of the Broadcast rights for Premier Pilot "Gotham" the series by Launch TV was picked up by the Wall Street Journal.

Kistler commented, "The last couple of weeks have been a real whirlwind of activity regarding the acquisition of Launch TV. I want to thank Maureen Cooper, CEO, Launch TV for her diligent efforts in supplying all of the items requested for the acquisition to take place. You can find Launch TV in 21 US markets on local TV and/or cable, on Roku, and via iPoint TV on iPad, iPhone, Android, and more, reaching over 30 million homes."

Kistler further stated, "I also want to mention how impressed I am with the broad reach Launch TV has with its ability to bring news and updates to our shareholders. Since the acquisition was completed, Launch TV has brought out news almost daily, which should give our shareholders great confidence that this acquisition will change the trajectory of our company."

"I am pleased to confirm that the reduction of the Issued and Outstanding shares has been completed and is accurately reflected on OTC Markets. Lastly, please be aware that the phone interview that Maureen and I conducted last week was somewhat kidnapped by the interviewer, however I have obtained the audio and it will be made available shortly free of charge. I look forward to bringing updates and news of further developments of our efforts to bring shareholders all the value possible," concluded Kistler.

ABOUT LAUNCH TV NETWORK COMPANY, INC:

Launch TV Network Company, Inc. is a new network introducing new original series and movies, including groundbreaking premier pilots never been seen on TV before. Launch TV is a full entertainment network, with sports, cooking, music and Saturday morning cartoons for kids, as well as Church programs for early morning Sunday. Launch TV -- where the audience counts! Launch TV can be found Live on: www.mylaunchtv.net.

ABOUT FREEDOM ENERGY HOLDINGS, INC:

Freedom Energy Holdings, Inc. (PINKSHEETS: FDMF) is a diversified holding company that specializes in the identification and development of technologies with commercial applications.

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 its 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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