Freedom Energy’s update

Freedom Financial Holdings, Inc. (PINKSHEETS: FDMF) reported that during the second week of January 2010, Freedom Energy International, the Company’s wholly owned subsidiary dealing with heavy oil modifying technology, hosted a return of its Venezuelan customers to conduct testing of oil samples from different sources in both Venezuela and Mexico.

The press release is quoted as saying:

The tests were undertaken at the independent Blackstone Laboratory under the supervision of both parties. Tests on samples of Heavy Oil from Mexico that showed KC 9000™ decreased the viscosity at best by 94% and the samples of Heavy Oil from Venezuela by 34%. These successful tests will be further developed and extended as a result.

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