Division Reports Settlement in More Than 60% of Cases

WAYNE, IN–(EMWNews – August 1, 2008) – Freedom Financial Holdings, Inc. (PINKSHEETS: FDMF) CEO Brian Kistler announced today that the Company has launched

Freedom Mortgage Resolutions, Inc., over 100 mortgage professionals in

sixteen states.

Brian Kistler, the Company’s Chairman and Chief Executive Officer,

commented, “I am very excited to see this division of Freedom unfold. The

foreclosure issue is one of the largest challenges the United States

banking industry has ever faced. The magnitude of foreclosure is

overwhelming and many lenders do not have the time or ability to work with

individuals. However, foreclosures are not a good alternative for anyone.

Banks receive pennies on the dollar and, most importantly, families are

left devastated.

“Our Mortgage Resolutions division was created to alleviate this gap and it

has been well received by mortgage professionals at all levels. We have

been able to attract the highest quality of talent in Ohio, Indiana,

Alabama, Minnesota, Illinois, Georgia, Kentucky, Pennsylvania, Tennessee,

Mississippi, Florida, Nevada, Wisconsin, North and South Dakota and North

Carolina. We continue to look for displaced mortgage/sales professionals

willing to roll up their sleeves and help do something good for at risk

home owners.”

Robert Ruckstuhl, Chief Executive Officer of Freedom Mortgage Resolutions,

went on to comment, “When a home owner is at the point of foreclosure

proceedings, they are typically frightened and don’t know where to turn.

Our professionals are trained to apply the experience they have garnered

within their local market to work with all parties to navigate a favorable

outcome. FMR has successfully negotiated approximately 60% of our cases to

settlement.”

While settlement is not always a viable outcome, FMR works closely with its

customers to find the best possible solution for their particular

situation. Services the company provides include:

--  Negotiate re-writing note terms

--  Negotiate note modification

--  Negotiate a forbearance agreement

--  Negotiate a short payoff

--  Negotiate a transfer of deed in lieu of

--  Negotiate and access to legal counsel

--  Keys for Cash

    

ABOUT FREEDOM FINANCIAL HOLDINGS, INC.

Freedom Financial Holdings, Inc. (“FFH”) is a holding company with a focus

on the identification of opportunities in the financial services sector.

The Company’s objective is to acquire undervalued assets and/or initiate

operations in underserved niches. Once established within the FFH

portfolio, the Holding Company will provide the support necessary to enable

each of its subsidiaries to maximize their business opportunities.

FFH currently operates two divisions with a focus in the financial services

sector; Freedom Financial Mortgage Corp. (“FFMC”) with operations in

Indiana, Ohio, Georgia and Florida and Freedom Mortgage Resolutions, Inc. .

with operations in Ohio, Indiana, Alabama, Illinois, Michigan, Minnesota,

North Dakota, North Carolina, Wisconsin, Tennessee, Mississippi, Georgia,

Florida, Nevada and Colorado.

FORWARD-LOOKING STATEMENT

This press release contains certain “forward-looking” statements, as

defined in the United States Private Securities Litigation Reform Act of

1995 that involve a number of risks and uncertainties. Statements, which

are not historical facts, are forward-looking statements. The Company,

through its management, makes forward-looking public statements concerning

its expected future operations, performance and other developments. Such

forward-looking statements are necessarily estimates reflecting the

Company’s best judgment based upon current information and involve a number

of risks and uncertainties, and there can be no factors that could cause

actual results to differ materially from those estimated by the Company.

They include, but are not limited to, the Company’s ability to develop

operations, the Company’s ability to consummate and complete the

acquisition, the Company’s access to future capital, the successful

integration of acquired companies, government regulation, managing and

maintaining growth, the effect of adverse publicity, litigation,

competition, sales and other factors that may be identified from time to

time in the Company’s public announcements.