ORLANDO, June 7, 2011 /PRNewswire/ -- Freedom Environmental Services (OTC: FRDM) announces today that it completed and filed their 10K for fiscal year 2010. The 10Q for the first quarter 2011 is expected to be completed in the next two weeks.
President and CEO Michael Borish stated, "This particular 10K filing took much longer than expected and we appreciate our shareholders being patient with the audit process. It was very important that the multiple acquisitions we completed last year were accounted for and audited correctly since they lay the foundation for our future growth. With the multitude of new rules and regulations created by Sarbanes Oxley, it makes the process arduous for smaller public companies with limited accounting staff." CEO Borish continued, "The hard part is now completed and filings going forward will be much easier now that the groundwork is laid for the company and the auditors are familiar with our business model and industry. This is a very important step in bolstering our credibility on Wall Street and with our investors."
About Freedom Environmental Service
Freedom Environmental Services (FRDM) 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.
This media release contains forward-looking statements regarding the business operations and prospects of Freedom Environmental and industry factors affecting it. These statements are identified by words such as "may," "will," " begin," " look forward, " "expect," "believe," "intend," "anticipate," "should," "potential," "estimate," "continue," "momentum" and other words referring to events to occur in the future. These statements reflect Freedom Environmental's current view of future events and are based on its assessment of, and are subject to, a variety of risks and uncertainties beyond its control, including the continued disturbances in world financial, credit, commodities and stock markets, a decline in consumer confidence and discretionary spending, the general performance of the U.S. economy, global demands for bio-fuels and grain and oilseed commodities, which have exhibited volatility, and risks related to the construction and completion of any Freedom Environmental facility which could cause actual results to differ materially from those projected in the forward-looking statements. Other risks and uncertainties regarding Freedom Environmental, its business and the industry in which it operates are referenced from time to time in the Company's filings with the Securities and Exchange Commission. Freedom Environmental is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
www.FreedomWaterServices.com
Investor Relations - Michael Ciarlone - 1-866-841-4321 or email IR@FreedomWaterServices.com
SOURCE Freedom Environmental Services
