ORLANDO, Fla., May 19, 2010 (GLOBE NEWSWIRE) -- Freedom Environmental Services (Pink Sheets:FRDM) announced today its biofuel consultant, Homestead Inc. has developed a business plan for initiating a biofuel revenue stream for the company. Freedom anticipates collecting 30,000 gallons of grease per month initially, which will then be shipped to existing processing facilities across the country to be turned into biofuel and resold. Freedom expects to receive $1.75 per gallon for the grease it collects from existing commercial clients.
A spokesperson for Freedom noted that its consultant Thomas Leue of Homestead Inc. stated in his report to the company that a rollout of grease for processing into biofuel could be accomplished through external facilities currently in operation. This will allow Freedom the ability to enter the biofuel market quickly and economically. Once this model is generating revenue, Freedom can then move forward with its plans to operate its own processing facility.
Company president Michael Borish stated, "My goal in retaining Homestead as our biofuel consultant was to identify a means by which we could enter the biofuel market without an enormous upfront cost. By contracting with biofuel processing facilities already operating, we can generate near term revenue from our existing commercial client base. Freedom is demonstrating that it is moving forward with 'Green' revenue in a big way."
It should be noted that no assurances can be provided as to when this business plan will be effected, nor the price to be paid to Freedom for grease to be processed and revenues realized.
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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