ORLANDO, Fla., May 11, 2010 (GLOBE NEWSWIRE) -- Freedom Environmental Services (Pink Sheets:FRDM) announced today that it has reduced its operating expenses by 41% year-over-year in period ending December 31, 2009 as reported in the Company's 10K filed Friday, May 7, 2010. Revenues for the Company remained constant during the same period at $283,000.
A spokesperson for Freedom noted operating expenses were $4.7 million in 2009, down from $8.0 million in 2008.
Freedom's CEO Michael Borish said, "In 2008 we encountered numerous costs to entry in certain markets. These costs have been reduced by our growth and economies of scale. We expect 2010 to be strong as we roll out our Septi-Free product and expand the number of national chain stores that we service. As "Green" becomes a focal point in the U.S., more "green" business opportunities present themselves to Freedom. I am excited about where we are as a company and where we are going!"
About Freedom Environmental Services
Freedom Environmental Services is a "Green" wastewater management company with its headquarters in Orlando, Florida. Freedom provides the most comprehensive, cost-effective and reliable treatment systems and services. Freedom offers conventional wastewater treatment processes and systems, disinfection systems and cleaning contracts. Freedom's products and services are designed to help keep your water safe and clean and your company profitable.
This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. FRDM has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect the FRDM's current beliefs and are based upon information currently available to it. Accordingly, such forward looking statements involve known and unknown risks, uncertainties and other factors which could cause the FRDM's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. FRDM undertakes no obligation to update or advice in the event of any change, addition or alteration to the information catered in this Press Release including such forward-looking statements.