Welcome!

News Feed Item

Freedom Energy Holdings Plans Dividend Alongside Dynamic Corporate Identity Initiatives

FORT WAYNE, IN -- (Marketwired) -- 07/28/14 -- Freedom Energy Holdings, Inc. (OTC: FDMF) CEO Brian Kistler announced today the plan for gifting the true value of the company through to its common and preferred shareholders.

Kistler stated, "Last week I spent several days secluded with my business advisors discussing the current and future direction of the company. While FDMF has always been a holding or incubation company, meaning the true value has always been in the technology and subsidiaries owned, it is obvious that this message has not been fully grasped by the general public and of course the onus is on myself and the Company to ensure that shareholders, both existing and prospective, fully understand the Company's objectives, goals and accomplishments in line with its model as a holding company.

"To that effect, I wish to make it clear that effective immediately the following changes are being implemented:

1. The name of the company will change to reflect the true direction of the company
2. Accordingly, a request will be made with FINRA to change the name and symbol as well as permission to re-domicile the company from Maryland to Florida.
3. A new website will be developed to reflect the new corporate image. Additionally, we will implement a greater presence on the social media outlets.
4. Effective July 29, 2014 and forward, each Common and Preferred Shareholder (of at least 10 million FDMF shares) will be entitled to receive units of each subsidiary and technology owned by FDMF. To be clear, on a date to be declared in the future, for each 10 million shares of FDMF Common stock owned, there will be one unit (of the subsidiary) issued to the shareholder of record on that date. In other words, the more FDMF common shares owned on the date of the declaration the more units will be issued to that FDMF shareholder. Partial units will be issued based on each 100,000 shares owned rounded up i.e. 10,000,000 common shares will equal 1 unit; 10,100,000 common shares will equal 1.01 units. Each unit will equal 100 common shares of the subsidiary and the right to purchase an additional 100 shares at a 15% discount to the market at the time of public offering. Preferred shareholders will be treated as if the preferred shares were converted to common shares according to the conversion rate on file with the Maryland Secretary of State.
5. During this process there will be no reverse. At the current time and with the aforementioned action, I see no reason to implement any reverse split.

"The purpose for these actions is to provide clarity to the public and a gift to the genuine long term holders of the FDMF Common and Preferred shares. Holders of FDMF stock will have a path to direct ownership of where the value of our company truly is. The only requirement to receive the future units when issued, is to be a record holder of either the common or preferred shares of the company on the date of declaration.

"The subsidiaries and technology will not be spun off until it would qualify, on its own, for a direct listing on one of the major exchanges or NASDAQ. The date of declaration will be different for each technology and or subsidiary and independent of each other.

"Currently we have exposure to the renewable energy, cannabis, and entertainment industries. I am currently reviewing several other opportunities that are being presented from private companies that have a desire to be exposed to the public markets. I hope to bring announcements of new acquisitions that will follow the above plan, in the very near future. I will be scheduling a conference call on Monday August 4, 2014 and will announce it in a follow up press release," 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. Current technologies under development are KC-9000 and SR-139. Subsidiaries in operation are Launch TV Network, Inc and Global Medical Marijuana Forum, Inc. More information can be found at www.freedomenergyholdings.com

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.

Contact Information:
Brian Kistler
CEO
260-490-9990
[email protected]

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
HyperConvergence came to market with the objective of being simple, flexible and to help drive down operating expenses. It reduced the footprint by bundling the compute/storage/network into one box. This brought a new set of challenges as the HyperConverged vendors are very focused on their own proprietary building blocks. If you want to scale in a certain way, let's say you identified a need for more storage and want to add a device that is not sold by the HyperConverged vendor, forget about it...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
Historically, some banking activities such as trading have been relying heavily on analytics and cutting edge algorithmic tools. The coming of age of powerful data analytics solutions combined with the development of intelligent algorithms have created new opportunities for financial institutions. In his session at 20th Cloud Expo, Sebastien Meunier, Head of Digital for North America at Chappuis Halder & Co., discussed how these tools can be leveraged to develop a lasting competitive advantage ...
From 2013, NTT Communications has been providing cPaaS service, SkyWay. Its customer’s expectations for leveraging WebRTC technology are not only typical real-time communication use cases such as Web conference, remote education, but also IoT use cases such as remote camera monitoring, smart-glass, and robotic. Because of this, NTT Communications has numerous IoT business use-cases that its customers are developing on top of PaaS. WebRTC will lead IoT businesses to be more innovative and address...
Most companies are adopting or evaluating container technology - Docker in particular - to speed up application deployment, drive down cost, ease management and make application delivery more flexible overall. As with most new architectures, this dream takes a lot of work to become a reality. Even when you do get your application componentized enough and packaged properly, there are still challenges for DevOps teams to making the shift to continuous delivery and achieving that reduction in cost ...
Evan Kirstel is an internationally recognized thought leader and social media influencer in IoT (#1 in 2017), Cloud, Data Security (2016), Health Tech (#9 in 2017), Digital Health (#6 in 2016), B2B Marketing (#5 in 2015), AI, Smart Home, Digital (2017), IIoT (#1 in 2017) and Telecom/Wireless/5G. His connections are a "Who's Who" in these technologies, He is in the top 10 most mentioned/re-tweeted by CMOs and CIOs (2016) and have been recently named 5th most influential B2B marketeer in the US. H...
In this presentation, you will learn first hand what works and what doesn't while architecting and deploying OpenStack. Some of the topics will include:- best practices for creating repeatable deployments of OpenStack- multi-site considerations- how to customize OpenStack to integrate with your existing systems and security best practices.
DXWorldEXPO LLC announced today that Kevin Jackson joined the faculty of CloudEXPO's "10-Year Anniversary Event" which will take place on November 11-13, 2018 in New York City. Kevin L. Jackson is a globally recognized cloud computing expert and Founder/Author of the award winning "Cloud Musings" blog. Mr. Jackson has also been recognized as a "Top 100 Cybersecurity Influencer and Brand" by Onalytica (2015), a Huffington Post "Top 100 Cloud Computing Experts on Twitter" (2013) and a "Top 50 C...
"Venafi has a platform that allows you to manage, centralize and automate the complete life cycle of keys and certificates within the organization," explained Gina Osmond, Sr. Field Marketing Manager at Venafi, in this SYS-CON.tv interview at DevOps at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"This week we're really focusing on scalability, asset preservation and how do you back up to the cloud and in the cloud with object storage, which is really a new way of attacking dealing with your file, your blocked data, where you put it and how you access it," stated Jeff Greenwald, Senior Director of Market Development at HGST, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
In a world where the internet rules all, where 94% of business buyers conduct online research, and where e-commerce sales are poised to fall between $427 billion and $443 billion by the end of this year, we think it's safe to say that your website is a vital part of your business strategy. Whether you're a B2B company, a local business, or an e-commerce site, digital presence is key to maintain in your drive towards success. Digital Performance will take priority in 2018 for the following reason...
Rodrigo Coutinho is part of OutSystems' founders' team and currently the Head of Product Design. He provides a cross-functional role where he supports Product Management in defining the positioning and direction of the Agile Platform, while at the same time promoting model-based development and new techniques to deliver applications in the cloud.
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
Leading companies, from the Global Fortune 500 to the smallest companies, are adopting hybrid cloud as the path to business advantage. Hybrid cloud depends on cloud services and on-premises infrastructure working in unison. Successful implementations require new levels of data mobility, enabled by an automated and seamless flow across on-premises and cloud resources. In his general session at 21st Cloud Expo, Greg Tevis, an IBM Storage Software Technical Strategist and Customer Solution Architec...
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.