ORLANDO, Fla., June 3, 2010 (GLOBE NEWSWIRE) -- Freedom Environmental Services (Pink Sheets:FRDM) announced today that it has entered into negotiations to sell recycled vegetable oil to Northeast Biodiesel Company LLC for processing into biofuel. Northeast has stated it is interested in purchasing all the recycled vegetable oil that Freedom collects from its commercial clients.
Company president Michael Borish stated, "We are excited about the actual rollout of our 'Green' revenue model. It is our belief, although we cannot guarantee, that we can generate more than $600,000 over the next 12 months from selling recycled grease for processing into biofuel. As our commercial client base grows, we expect our 'Green' revenue to increase dramatically."
A company spokesperson said Freedom expects to consummate the agreement with Northeast Biodiesel shortly, with a possibility that shipments could begin as early as this summer.
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.
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