Freedom Environmental Services Files 2nd Quarter 10-Q Showing a 4700% Increase in Revenue Over Q2 2010; Company Now Current and Compliant with All Filings

ORLANDO, Fla., Nov. 7, 2011 /PRNewswire/ -- Freedom Environmental Services (OTC QB: FRDM) announces that the 2nd quarter 10-Q filing is complete and the company is now current and compliant with all filings.  

Freedom Environmental Services showed a 4700% increase in revenues compared to Q2 of 2010 benefitting from the acquisitions of both Brownies Wastewater Solutions and Grease Recovery in 2010. Freedom demonstrated a gross operating margin of over 39% and reduced the loss for the quarter by more than 84%.

Michael Ciarlone, Freedom COO, stated, "We are making excellent progress in all facets of our business and we are excited to finally be current with all of our financial filings and in total compliance for a reporting company. The acquisitions completed last year and execution of our business plan will lead to substantial growth in 2011 and full year profitability." Mr. Ciarlone went on to say, "While the company is operating profitability, we did experience a small loss on the bottom line due to non-cash, non-recurring items, major equipment purchases for Grease Recovery Solutions, and the revamping of Brownies business model post acquisition.  We will continue our company mission to recycle 100% of the grease trap waste and used cooking oil collected by our companies.  Recycling will save our company money on disposal and allow us to produce our own feedstock for bio diesel fuel.  Fueling our truck fleet with the bio diesel we produce will save on fuel costs adding profitability to the bottom line."

Mr. Ciarlone added, "Although the economic climate is challenging for many businesses today, we expect to have a record year of both revenue growth and profitability, and we look for an even better year in 2012 with increased profitability. We firmly believe our business is recession proof because the services we provide to major companies are required regardless of the economic environment."

Mr. Ciarlone concluded, "We would also like to take the opportunity to thank our shareholders for their patience with the delayed release of the first and second quarter 10-Q's. Our accountants had a tremendous amount of clean-up work to do in regards to our acquisitions and we wanted to make sure everything was done in full compliance with the many new government regulations now required."

About Freedom Environmental Services

Freedom Environmental Services (FES) is one of Florida's only 100% "Green" grease and wastewater collection, processing, and recycling companies headquartered in Orlando, Florida. FES provides the most comprehensive, cost-effective and reliable treatment systems and services. FES provides full capture and processing of organics and grease from both commercial and residential accounts. FES processes all wastewater and grease, normally sent to a dump site, and produces a reusable bio-fuel feedstock. Working in conjunction with the Department of Environmental Protection, major utility providers, and local health departments, FES provides Wastewater and Storm-water System Management, Grease and Organics Collection, Processing, and Disposition, Commercial Plumbing and Water System Management, Septic service and maintenance, lift station maintenance, line jetting and excavations.

www.freedomwaterservices.com

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SOURCE Freedom Environmental Services