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.

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
Enterprise architects are increasingly adopting multi-cloud strategies as they seek to utilize existing data center assets, leverage the advantages of cloud computing and avoid cloud vendor lock-in. This requires a globally aware traffic management strategy that can monitor infrastructure health across data centers and end-user experience globally, while responding to control changes and system specification at the speed of today’s DevOps teams. In his session at 20th Cloud Expo, Josh Gray, Chie...
Consumers increasingly expect their electronic "things" to be connected to smart phones, tablets and the Internet. When that thing happens to be a medical device, the risks and benefits of connectivity must be carefully weighed. Once the decision is made that connecting the device is beneficial, medical device manufacturers must design their products to maintain patient safety and prevent compromised personal health information in the face of cybersecurity threats. In his session at @ThingsExpo...
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...
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
In his session at 20th Cloud Expo, Mike Johnston, an infrastructure engineer at Supergiant.io, discussed how to use Kubernetes to set up a SaaS infrastructure for your business. Mike Johnston is an infrastructure engineer at Supergiant.io with over 12 years of experience designing, deploying, and maintaining server and workstation infrastructure at all scales. He has experience with brick and mortar data centers as well as cloud providers like Digital Ocean, Amazon Web Services, and Rackspace. H...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
SYS-CON Events announced today that Massive Networks will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Massive Networks mission is simple. To help your business operate seamlessly with fast, reliable, and secure internet and network solutions. Improve your customer's experience with outstanding connections to your cloud.
DevOps is under attack because developers don’t want to mess with infrastructure. They will happily own their code into production, but want to use platforms instead of raw automation. That’s changing the landscape that we understand as DevOps with both architecture concepts (CloudNative) and process redefinition (SRE). Rob Hirschfeld’s recent work in Kubernetes operations has led to the conclusion that containers and related platforms have changed the way we should be thinking about DevOps and...
SYS-CON Events announced today that SkyScale will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. SkyScale is a world-class provider of cloud-based, ultra-fast multi-GPU hardware platforms for lease to customers desiring the fastest performance available as a service anywhere in the world. SkyScale builds, configures, and manages dedicated systems strategically located in maximum-security...
SYS-CON Events announced today that Grape Up will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct. 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company specializing in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the U.S. and Europe, Grape Up works with a variety of customers from emergi...
Detecting internal user threats in the Big Data eco-system is challenging and cumbersome. Many organizations monitor internal usage of the Big Data eco-system using a set of alerts. This is not a scalable process given the increase in the number of alerts with the accelerating growth in data volume and user base. Organizations are increasingly leveraging machine learning to monitor only those data elements that are sensitive and critical, autonomously establish monitoring policies, and to detect...
Everything run by electricity will eventually be connected to the Internet. Get ahead of the Internet of Things revolution and join Akvelon expert and IoT industry leader, Sergey Grebnov, in his session at @ThingsExpo, for an educational dive into the world of managing your home, workplace and all the devices they contain with the power of machine-based AI and intelligent Bot services for a completely streamlined experience.
Because IoT devices are deployed in mission-critical environments more than ever before, it’s increasingly imperative they be truly smart. IoT sensors simply stockpiling data isn’t useful. IoT must be artificially and naturally intelligent in order to provide more value In his session at @ThingsExpo, John Crupi, Vice President and Engineering System Architect at Greenwave Systems, will discuss how IoT artificial intelligence (AI) can be carried out via edge analytics and machine learning techn...
With tough new regulations coming to Europe on data privacy in May 2018, Calligo will explain why in reality the effect is global and transforms how you consider critical data. EU GDPR fundamentally rewrites the rules for cloud, Big Data and IoT. In his session at 21st Cloud Expo, Adam Ryan, Vice President and General Manager EMEA at Calligo, will examine the regulations and provide insight on how it affects technology, challenges the established rules and will usher in new levels of diligence a...
FinTechs use the cloud to operate at the speed and scale of digital financial activity, but are often hindered by the complexity of managing security and compliance in the cloud. In his session at 20th Cloud Expo, Sesh Murthy, co-founder and CTO of Cloud Raxak, showed how proactive and automated cloud security enables FinTechs to leverage the cloud to achieve their business goals. Through business-driven cloud security, FinTechs can speed time-to-market, diminish risk and costs, maintain continu...