News Feed Item
Freedom Energy Holdings Plans Dividend Alongside Dynamic Corporate Identity Initiatives
|By Marketwired .
|July 28, 2014 01:09 PM EDT
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.
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market.
In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions wi...
Aug. 31, 2016 02:15 AM EDT Reads: 2,274
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Aug. 31, 2016 02:00 AM EDT Reads: 1,979
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things.
And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
Aug. 31, 2016 01:45 AM EDT Reads: 3,073
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes.
In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
Aug. 31, 2016 01:00 AM EDT Reads: 1,703
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
Aug. 30, 2016 08:15 PM EDT Reads: 2,491
Qosmos has announced new milestones in the detection of encrypted traffic and in protocol signature coverage.
Qosmos latest software can accurately classify traffic encrypted with SSL/TLS (e.g., Google, Facebook, WhatsApp), P2P traffic (e.g., BitTorrent, MuTorrent, Vuze), and Skype, while preserving the privacy of communication content. These new classification techniques mean that traffic optimization, policy enforcement, and user experience are largely unaffected by encryption. In respect wit...
Aug. 30, 2016 08:00 PM EDT Reads: 1,930
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
Aug. 30, 2016 08:00 PM EDT Reads: 2,031
SYS-CON Events announced today that Pulzze Systems will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Pulzze Systems, Inc. provides infrastructure products for the Internet of Things to enable any connected device and system to carry out matched operations without programming.
For more information, visit http://www.pulzzesystems.com.
Aug. 30, 2016 07:15 PM EDT Reads: 368
There is growing need for data-driven applications and the need for digital platforms to build these apps.
In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications.
In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...
Aug. 30, 2016 07:00 PM EDT Reads: 938
Data is an unusual currency; it is not restricted by the same transactional limitations as money or people. In fact, the more that you leverage your data across multiple business use cases, the more valuable it becomes to the organization. And the same can be said about the organization’s analytics.
In his session at 19th Cloud Expo, Bill Schmarzo, CTO for the Big Data Practice at EMC, will introduce a methodology for capturing, enriching and sharing data (and analytics) across the organizati...
Aug. 30, 2016 06:15 PM EDT Reads: 377
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open.
Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
Aug. 30, 2016 05:45 PM EDT Reads: 3,596
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data.
In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
Aug. 30, 2016 05:00 PM EDT Reads: 905
Fact: storage performance problems have only gotten more complicated, as applications not only have become largely virtualized, but also have moved to cloud-based infrastructures. Storage performance in virtualized environments isn’t just about IOPS anymore. Instead, you need to guarantee performance for individual VMs, helping applications maintain performance as the number of VMs continues to go up in real time.
In his session at Cloud Expo, Dhiraj Sehgal, Product and Marketing at Tintri, wil...
Aug. 30, 2016 04:15 PM EDT Reads: 976
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world.
The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago.
All major researchers estimate there will be tens of billions devices - comp...
Aug. 30, 2016 03:30 PM EDT Reads: 3,783
StarNet Communications Corp has announced the addition of three Secure Remote Desktop modules to its flagship X-Win32 PC X server. The new modules enable X-Win32 to safely tunnel the remote desktops from Linux and Unix servers to the user’s PC over encrypted SSH.
Traditionally, users of PC X servers deploy the XDMCP protocol to display remote desktop environments such as the Gnome and KDE desktops on Linux servers and the CDE environment on Solaris Unix machines. XDMCP is used primarily on comp...
Aug. 30, 2016 03:00 PM EDT Reads: 873