Freedom Environmental Services, Inc. Enters into Letter of Intent to Acquire 50 Year Old Regional Waste Hauling and Environmental Services Company

August 13, 2008

Freedom Environmental Services, Inc. Enters into Letter of Intent to Acquire 50 Year Old Regional Waste Hauling and Environmental Services Company ORLANDO, Fla.--(BUSINESS WIRE)--Freedom Environmental Services, Inc. (Pink Sheets:FESI) confirmed it has executed a Letter of Intent regarding the acquisition of a regional waste hauler located in Polk County, Florida. The target company, which has been operating for 50 years, has a waste collection facility on-site and holds waste hauling contracts for a significant number of municipal and private commercial treatment plants. The acquisition is anticipated to close in Q4 2008 and, with the addition of infrastructure services sales, is anticipated to add $1 million to FESI's revenues in 2009.

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