ORLANDO, Fla., July 22, 2010 (GLOBE NEWSWIRE) -- Freedom Environmental Services (Pink Sheets:FRDM) announced today that it has completed its "merger" with Brownies Wastewater Solutions, Inc. and its parent company, B&P Environmental Solutions, LLC, effective July 17th 2010. Management anticipates, but cannot guarantee, that the combined company, based on year to date results, will show an excess of $5 million in revenue for the year ended December 31, 2010.
Freedom Environmental's Chief Executive Officer, Michael Borish, will continue to serve in that capacity. Brownies' Wastewater Solutions Mike Ciarlone, an 18 year veteran, will stay on as COO running the day to day operations.
"We believe that this merger allows us to expand our market base into the entire State of Florida," said Freedom CEO, Michael Borish. "The newly acquired equipment and services allow us to optimize our wastewater solutions while promoting a green and sustainable environment," Borish also said.
Management believes that the global market for green technologies is estimated to grow to $700 billion by the end of 2010 on the back of demand for advanced and efficient distribution, collection, transfer, and treatment solutions. Numerous green technologies are being utilized for optimum water and wastewater treatment while promoting a green and sustainable environment. This green movement includes optimum water and wastewater management among utilities and industries. Companies are increasingly resorting to green technologies to not only conserve resources but to also save costs. Management believes that the combination of Freedom's wastewater treatment processes with Brownies' unparalleled service in waste management and disposal will enhance Freedom's ability to participate more aggressively in the fast-growing, highly profitable green technologies.
About Brownies Wastewater Solutions, Inc.
Brownies Wastewater Solutions has been serving Central Florida's needs, maintaining a reputation for quality and customer satisfaction, since 1948. Working in conjunction with the Department of Environmental Protection, major utility providers, and local health departments, Brownies provides immediate assistance and solutions for commercial, industrial, and residential waste management and disposal. Brownies management has represented to Freedom that its company has six core lines of business with annual revenues in excess of $4.5 million. Brownies is a "Green" company specializing in recycling septic and wastewater solids and liquids. Brownies offers high velocity water jetting, storm system maintenance, pipeline TV inspections and sludge removal and hauling. With a fleet of over 20 pump trucks, vactors and service vans, Brownies operates 24 hours a day and seven days a week. www.brownieswws.com
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.