FDMF Freedom Financial Holdings Inc. featured news, full reports, and detailed charts
Freedom Financial Holdings Inc. (FDMF/FDMF.PK) Wrap Up:
Freedom Financial Holdings, Inc., through its subsidiary, Freedom Financial Mortgage Corp., operates as a mortgage broker. It originates and processes mortgage loans in Indiana, Florida, Georgia, Ohio, and Tennessee. The company provides sub-prime paper loans, conventional, federal housing administration, veteran’s administration, non-prime, jumbo and super-jumbo mortgage, refinancing, and home equity products for individuals across a range of incomes and credit risks. It serves real estate professionals, builders, and individual home buyers. The company, formerly known as Northern Business Acquisition Corp., was founded in 1997 and is headquartered in Fort Wayne, Indiana.www.freedomfinancialmortgage.net
Founded in 1997
Freedom Financial Holdings Inc. (FDMF:OTC)
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Market Cap
7.8M
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Total Revenue
2.3M
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EBITDA
112.5K
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DILUTED EPS TTM
0.00
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P/E
--
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P/S
4.9x
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Return On Asset
--
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Return On Equity
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| K = Thousands M = Millions B = Billions | ||
FDMF Top Compensated Officers
Mr. Brian Kistler
Founder, Chief Executive Officer, Director an...
Age: 52
Total Annual Compensation: $27.5K
Mr. Robin W. Hunt
Chief Financial Officer, Principal Accounting...
Age: 44
Total Annual Compensation: $131.4K
Executives, Board Directors
Compensation as of Fiscal Year 2007.
Key developments for Freedom Financial Holdings Inc. (FDMF)
Freedom Financial Holdings Announces Additional Acreage in Kansas
03/30/2009
Freedom Financial Holdings Inc. announced that the Company has added an additional 76 acre lease in Southeastern Kansas. The one missing ingredient is KC-9000, the company's proprietary Heavy Oil technology. This additional lease is more acreage just like the 160 acres previously announced. Located in the same area just across the highway, this property, even though it's smaller, could offer just as much or more potential oil recovery as the 160 acres. The additional lease has approximately 35-40 drilled wells less than 200 feet deep,' continued Kistler. The key to the shallow oil, since there is not enough natural pressure, is a catalyst being introduced to push the oil to the well bores. KC-9000 does just that. The unique behavior of KC-9000 allows the technology to be administered from the surface. It penetrates the wells static head reaching the formation and releasing the surface tension of the oil. This action creates gas pressure in the formation that assists in pushing the oil to the well bores.
Freedom Financial Holdings Inc. Announces Joint Venture with WI Technology
09/4/2008
Freedom Financial Holdings Inc. announced that the company and Joint Venture Partner WI Technology have successfully completed Phase II testing of extracting Oil from used recovered asphalt with exceptional results. WI Technology, and one of its proprietary technologies, is eco-friendly and bio degradable, dedicated to the recovery and production of Heavy Oil and Oil Sands. Joint venture partner WI Technology has recently completed Phase II testing variation of their BT-20 technology to break down asphalt back into its original components, i.e. Oil, Coke, Sand and Gravel. Local asphalt companies use an estimated 10,000 gallons of oil a week, which equates to 227 BOI barrels of Oil. To be able to extract 100% of the oil from asphalt and then either sell it back to the refineries or the asphalt companies may provide a very profitable revenue stream.
Freedom Financial Holdings Inc. Joins John L. Haas to the Advisory Board
08/15/2008
Freedom Financial Holdings Inc. announced that the company has landed Kansas Oil Hall of Fame member Johnny L. Haas to serve on the company's Oil Advisory Board as the company enters into the first stages of Oil production in Southwest Missouri.
FDMF Competitors
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Industry Analysis
| Valuation | FDMF | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 4.9x |
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| Price/Book | NM | Not Meaningful |
| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 2.3x |
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FDMF transactions
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More Recent News About Freedom Financial Holdings Inc.
More news for FDMF
Freedom Financial Holdings Narrows Focus
FORT WAYNE, IN--(Marketwire - 11/17/09) - Freedom Financial Holdings, Inc. (Pinksheets:FDMF - News) CEO Brian Kistler announced today that effective immediately the Board of Directors has authorized the company to divest its ownership in the mortgage subsidiary so that going forward the company is able to focus all of its energy and resources into the energy sector. Kistler stated, "This decision and announcement is bittersweet in nature. Freedom Financial Mortgage Corp was formed in 1997 and has been a viable company ever since. However, as the mortgage industry has gone through major changes, the cost of doing business is rising with added regulatory compliance. This (coupled with shrinking margins) has made it increasingly difficult to achieve a profitable business model."Kistler continued, "The mortgage operations will be discontinued by December 31, 2009. Therefore, the sole focus of the company will be Freedom Energy International, Inc. and the exploitation of KC 9000(TM) on to the world market.""The name and most likely the symbol of the company will be changing to reflect this narrowed focus into the energy sector. This will be done in the near future once we have returned from our travels to Kuwait and other Middle Eastern countries," concluded Kistler.ABOUT FREEDOM FINANCIAL HOLDINGS, INC.:Freedom Financial Holdings, Inc. is a holding company with a focus on the identification of opportunities. The Company's objective is to acquire undervalued assets and/or initiate operations in underserved ...Click here to read the whole Article (external link)
Freedom Financial Holdings Confirms Middle Eastern Tour
FORT WAYNE, IN--(Marketwire - 11/11/09) - Freedom Financial Holdings, Inc. (Pinksheets:FDMF - News) CEO Brian Kistler confirmed today that Freedom Energy International, the Company's wholly owned subsidiary dealing with Heavy-oil conversion technology will be conducting a live demonstration to members of the Kuwait Oil Company (KOC). "I know everyone has been anxiously awaiting this announcement. It is with great pleasure and excitement to confirm that I and other Senior Management will be traveling to Kuwait City, Kuwait to meet with the KOC during the first week of December 2009," stated Kistler.Kistler continued, "In addition to our initial meeting, we are also scheduled to meet with several other representatives from other countries in the region as 'Heavy Oil' is present in every nation. International interest in KC 9000(TM) is gaining momentum and I am confident that as we are able to demonstrate the effect that KC 9000(TM) has on 'Heavy Oil,' that interest will translate into future shareholder value.""Billions of dollars have been spent over the last decade searching for a cost effective means of working with 'Heavy Oil' both above ground and beneath the surface. The concern for the shrinking supply of light crude oil has demanded that the vast amounts of 'Heavy Oil' in the world be tapped into. Knowing where the oil is located, getting the oil out of the ground and refining the oil in a cost effective manner fits right into KC 9000(TM)," stated Kistler."I am looking forward to bringing further updates...Click here to read the whole Article (external link)
Freedom Financial Holdings Creates Oil Services Division
FORT WAYNE, IN--(Marketwire - 10/28/09) - Freedom Financial Holdings, Inc. (Pinksheets:FDMF - News) CEO Brian Kistler announced today that the company's wholly owned subsidiary, Freedom Energy International (FEI), has teamed up with Morris Energy to create Freedom Energy's Oil Service Division. Kistler stated, "This is a big step for FEI. With oil prices rising to around $80 per barrel and future predictions indicating a further increase the demand for oil services will naturally follow suit. Derek Morris, President and Owner of Morris Energy, has been working with us at the beginning of our oil production development. He has the experience and reputation in Southeastern Kansas that fits with the goals and aspirations of the company."Morris commented, "I was one of the first, other than Freedom, to use KC 9000(TM). Over the course of time I had accumulated several tanks containing oil bottoms which created a real problem for my company. Prior to using KC 9000 I spent time and money attempting to convert the oil bottoms to marketable oil that could be sold. My attempts at heating the bottoms in addition to treating the tanks with chemical formulas that were marketed to treat the problem were unsuccessful. After FEI demonstrated the KC 9000 I purchased 35 gallons of KC 9000(TM), treated my tanks, and sold the oil."Morris continued, "KC 9000(TM) is an amazing product. When you can take a liability and turn it into an asset you have an extremely marketable product. By teaming with FEI my goal is to build the oil se...Click here to read the whole Article (external link)
Freedom Financial Holdings Establishes Sales Representatives in the U.K.
FORT WAYNE, IN--(Marketwire - 09/08/09) - Freedom Financial Holdings, Inc. (Pinksheets:FDMF - News) CEO Brian Kistler announced today that Freedom Energy International, the Company's wholly owned subsidiary dealing with Heavy-oil conversion technology has formed a new Sales Representative relationship with Mr. Phillip "Pip" Smith and Mr. Brian Catt, in the United Kingdom. Kistler commented, "Mr. Smith and Mr. Catt are no strangers to launching new innovative technologies. Having formed partnerships with many international companies in the U.K., Europe and South America; Pip and Brian have the ability to access Senior Management in the Oil and Gas Industry in these countries to share the qualities, characteristics and results of KC 9000(TM)."Smith stated, "Having a background in Chemical and Physic Engineering, Brian and I are excited to assist Freedom introduce KC 9000(TM) to the world. Heavy Oil is an enormous market and the company that 'cracks the code' will have the world at its fingertips. We believe KC 9000(TM) has cracked that code.""Freedom's team has deep experience in heavy oil extraction before it became main stream, developing solutions to cost effective extraction, processing and cleaning for their own businesses. We are proud to be selected to take the resulting KC 9000(TM) product to the broader industry. It's always a great thrill to bring to market a game changing approach whose time has come," said Catt."I am so excited with the doors that have opened and are opening. Every week we are gettin...Click here to read the whole Article (external link)
Freedom Financial Holdings to Present to the Kuwait Oil Company
FORT WAYNE, IN--(Marketwire - 08/18/09) - Freedom Financial Holdings, Inc. (Pinksheets:FDMF - News) CEO Brian Kistler announced today that Freedom Energy International, the Company's wholly owned subsidiary dealing with Heavy-oil conversion technology, has been invited to conduct a live demonstration to members of the Kuwait Oil Company (KOC). Kistler commented, "The opportunity this presents for Freedom is enormous. Freedom Energy International's proposal was submitted to the KOC's Research and Technology Group in April 2009. Sami Wanis, President of Maximus International, a subsidiary of Middle East Contractors and Consultants (MECC) and a partner with Al-Thurya Company, a Kuwaiti royal family company, has worked closely with members of the Kuwaiti Royal Family for several years and has been very instrumental assisting Freedom through the process and to the point of receiving an invitation to demonstrate KC 9000(TM) to the KOC.""Billions of dollars have been spent over the last decade searching for a cost-effective means of working with 'Heavy Oil' both above ground and beneath the surface. The concern for the shrinking supply of light crude oil has demanded that the vast amounts of 'Heavy Oil' in the world be tapped into. Knowing where the oil is located, getting the oil out of the ground and refining the oil in a cost-effective manner fits right into KC 9000(TM)," continued Kistler."It has been my pleasure to work with Freedom Energy International. Once approved for sponsorship, Freedom Energy International, In...Click here to read the whole Article (external link)
Freedom Financial Holdings Announces CEO Purchases More Free Trading Shares and Reports Additional Oil Sales
FORT WAYNE, IN--(Marketwire - 06/18/09) - Freedom Financial Holdings, Inc. (Pinksheets:FDMF - News) CEO Brian Kistler announced today that in a private transaction he has purchased an additional 47,520,000 free trading shares. Kistler commented, "The shares purchased were issued in early 2008 and are part of the remaining block of shares that were being held by an institution that assisted the company financially, right after the company went public."This block of shares along with the previously announced purchase represents approximately 39% of the free trading shares in the float; however, these shares have become restricted under Rule 144. In keeping with my previously stated goal, the float is now less than 120 million shares," concluded Kistler."I am pleased to further announce that additional oil has been sold from both the Beachner Lease and Worrell Lease. The electricity has been fully restored on the Beachner Lease and weather permitting should be fully on line by the end of July. While the electricians were working to complete the electrical grid on the Beachner Lease, work commenced on the Worrell Lease, which is located in Crawford County, Kansas, and production has begun on this lease as well. Daily production numbers are sketchy due to the wells being shut down for much of the day for the work being done, but I am extremely pleased with the progress and by all indications, we are on track to achieve all of our stated goals," concluded Kistler.ABOUT FREEDOM FINANCIAL HOLDINGS, INC.Freedom...Click here to read the whole Article (external link)
Freedom Financial Holdings, Inc. Retains DME Capital LLC to Implement Global Investor Relations Program
Expired Yahoo - Document Has Expired/iw/090609/0508831.html Options that might be of interest: Go to the Yahoo! home page. Go to the Yahoo! Finance home page. Go to the Yahoo! Loan Center. Go to the Yahoo! Insurance Center. Other resources: Message Boards - Stock Chat - Finance Clubs ...Click here to read the whole Article (external link)
Freedom Financial Holdings Submits KC 9000(TM) Proposals to Middle East
Expired Yahoo - Document Has Expired/iw/090602/0506863.html Options that might be of interest: Go to the Yahoo! home page. Go to the Yahoo! Finance home page. Go to the Yahoo! Loan Center. Go to the Yahoo! Insurance Center. Other resources: Message Boards - Stock Chat - Finance Clubs ...Click here to read the whole Article (external link)
Freedom Financial Holdings: Production Has Begun and Oil Sold
Expired Yahoo - Document Has Expired/iw/090528/0505611.html Options that might be of interest: Go to the Yahoo! home page. Go to the Yahoo! Finance home page. Go to the Yahoo! Loan Center. Go to the Yahoo! Insurance Center. Other resources: Message Boards - Stock Chat - Finance Clubs ...Click here to read the whole Article (external link)
Freedom Financial Holdings Announces Pinksheets.com Upgrades Status
Expired Yahoo - Document Has Expired/iw/090527/0504996.html Options that might be of interest: Go to the Yahoo! home page. Go to the Yahoo! Finance home page. Go to the Yahoo! Loan Center. Go to the Yahoo! Insurance Center. Other resources: Message Boards - Stock Chat - Finance Clubs ...Click here to read the whole Article (external link)
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