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Energy Industry News Releases

Freedom Environmental Services, Inc. (FESI) Agrees to Venture with Producing Biofuel Company Having 30 Million Gallon Per Year Processing Capacity

(EMAILWIRE.COM, September 27, 2008 ) ORLANDO, Fla -- Freedom Environmental Services, Inc. (Pink Sheets:FESI) announced that it has committed to executing an agreement with a producer of Biofuel in Florida and Pennsylvania that will lead to FESI acquiring the assets of the company. The current combined capacity of the processing plants is 30 million gallons per year. Additionally, the venture will include a wholly owned grease collection company that currently has in excess of 1,200 active grease customer accounts, providing the critical raw material for fuel production. With fuel prices at their current levels, revenues from full production of the acquired plants should approach $100 million.

Michael S. Borish, Chairman and Chief Executive Officer of FESI, commented that, "This transaction will give FESI a robust production platform, from raw materials collection through the manufacture of market-ready fuel. The addition of over 1,200 new customer accounts will have an immediate and positive impact as we can now generate greater revenues from our grease collection services. The spike in that area of our business simultaneously provides us with a sharply increased supply line for escalating Biofuel production. With our strengthening grease collection business, we can now draw from an increased customer base enabling FESI to immediately expand grease collection sales efforts.

"Developing this vertical production platform will give FESI a pricing advantage over other waste collection companies that do not have as profitable an outlet for their organic grease due to our unique ability to maintain a continuous in-house supply. Typical pre-tax profits approaching $1 per gallon in the Biofuel space is very attractive considering the tax benefits associated with alternative fuel production. Pennsylvania has been a leader in incenting the production of alternative fuel sources and identifying assets in that state has been a priority for FESI for some time."

Freedom Environmental Services, Inc. is an operating wastewater services company servicing commercial, institutional and municipal infrastructure customers and wastewater system protection programs. The Company is developing and managing high yield liquid waste to Biofuel and nutrients conversion programs driven by strategic acquisitions and its commercial customer base. Freedom Environmental Services, Inc.'s website is: www.freedomservicesflorida.com.

DISCLAIMER: This news release may contain forward-looking statements. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks.

Orlando Investor Relations:
Brett Rowland
407-658-6100
Freedom007@bellsouth.net

###

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Freedom Environmental Services, Inc.
Brett Rowland
407-658-6100
Freedom007@bellsouth.net

Renewable Energy News




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