FREEDOM HOLDINGS ANNOUNCES UPDATED FINANCIAL INFORMATION

Rhea-AI Summary

Freedom Holdings, Inc. (FHLD) announced the filing of its 10K annual report for the fiscal year ending September 30, 2021. The company highlighted a successful acquisition of Carbon Zero Asset Management, which took place on December 30, 2021, restructuring its capitalization and appointing new board members. CEO Brian Kistler emphasized a strategic shift towards developing an Ethereum-based token aimed at combating climate change, allowing fractional ownership of carbon credits. The company's mission aligns with a net-zero carbon future by enhancing the accessibility and transparency of carbon credits.

Positive

• Successful acquisition of Carbon Zero Asset Management enhances business focus.
• New audit firm and board members signify positive restructuring.
• Development of an Ethereum-based token targets climate change and carbon credit accessibility.

Negative

• None.

Stamford, CT, Jan. 14, 2022 (GLOBE NEWSWIRE) -- Freedom Holdings, Inc. ("FHLD" the "Company," OTC: FHLD) is pleased to announce that it has filed its 10K annual report for the fiscal year period ending September 30, 2021.

“I am confident that 2021 will be remembered as a banner year given the redirection the company has taken with the acquisition of Carbon Zero Asset Management (COzero). As part of the acquisition terms we engaged a new audit firm, restructured the capitalization of the company and have begun to build a powerhouse management team with the addition of Steve Lowe and Sachie McQueen to the Board of Directors” stated Brian Kistler, CEO.

The acquisition of COzero was consummated on 12-30-2021 as noted in the subsequent events section of the 10K and all preferred shares have been converted into the common shares as per the terms of the agreement. COzero shares have been cancelled with its shareholders now owning common shares of the company.

Kistler further stated, “With the foundation now in place we will be focusing on continuing the building process for the brand-new and one-of-a-kind Ethereum-based token that allows any citizen throughout the world to join the battle against climate change. Our blockchain technology will allow fractional ownership of carbon credits, making them available to the smallest polluter. This will allow companies and individuals that ability to offset their carbon footprint by paying business and landowners that capture or reduce CO2.”

About Carbon-Zero

Carbon-Zero is a blockchain technology-driven company focusing on providing an Ethereum-based programmable carbon ecosystem to drive the global economy to a net-zero carbon future. Carbon-Zero aims to bring carbon credits more fidelity, transparency, accessibility, liquidity, and standardization.

About Freedom Holdings, Inc. (FHLD)

FHLD is a versatile holding company focused on acquiring and supporting cutting-edge financial services and technology companies. FHLD's multi-discipline approach aims to build fintech platforms with the current focus on the clean energy sector, providing Environmental, Social, and Governance (ESG) driven technologies and carbon credit solutions.

Press Release Contact:
Brian Kistler
CEO
Freedom Holdings, Inc.
260-490-9990

Safe Harbor Statement
This press release contains statements, which may constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief, or current expectations of the Company, members of its management, and assumptions on which such statements are based. We caution prospective investors that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those contemplated by such forward-looking statements.

FAQ

When did Freedom Holdings file its 10K annual report?

Freedom Holdings filed its 10K annual report for the fiscal year ending September 30, 2021, on January 14, 2022.

What is the significance of the acquisition of Carbon Zero Asset Management for FHLD?

The acquisition allows FHLD to focus on developing blockchain technology for carbon credits and enhancing its overall business strategy.

What new initiatives is FHLD planning after the acquisition?

FHLD is focusing on creating an Ethereum-based token to allow fractional ownership of carbon credits, contributing to climate change efforts.

Who are the new board members appointed at FHLD?

Steve Lowe and Sachie McQueen have been appointed to the Board of Directors of FHLD.

What is FHLD's core business focus?

FHLD focuses on acquiring and supporting cutting-edge financial services and technology companies, especially in the clean energy sector.