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PRESS RELEASE March 24, 2008 Frees, Inc. (of Shreveport, LA) is pleased to announce that it has settled its litigation with Southeast Building Solutions, Inc. (Ventilation Solutions) (of Oak Ridge, TN). That litigation started several years ago when Frees filed suit to protect it proprietary rights to its Frees Directed Air Flow Systems™ and Dust-Free Systems™, which are ventilation systems developed by Frees to meet the special needs of the fiberglass-reinforced products industry. Pursuant to the settlement, Southeast has agreed to, purchase a license, pay royalties and other consideration to Frees, Inc for a period of 20 years. Ronnie Free, President of Frees, stated “We are pleased to have this litigation successfully resolved, and we will endeavor to assist Southeast in continuing to offer the Frees’ technology in accordance with the terms of the license we have granted to Southeast. ” Both Frees and Southeast will continue to offer, in a competitive manner, the Frees Directed Air Flow Systems™ and Dust-Free Systems™. The Frees Spirit will be published for our customers to keep them informed about current happenings and developments within our industry. You may open one of our previous publications in Adobe Reader. If you do not have adobe reader you may download it free of charge from Adobe: The Frees Spirit’s intended audience will be primarily customers of Frees. Frees feels that communication with our customers is the key to making sure we keep our customers informed. The Frees Spirit will strive to be a complete source of information to YOU, our customer. You’ll be kept up to date on the latest technology that Frees, Inc. is using to benefit their customers. Each issue will also feature a profile of one our customers. The Frees Spirit welcomes and solicits your feedback and input. Both will be instrumental in making our newsletter a success. Any topic or article suggestions should be forwarded to Karen - karenh@freesinc.com.
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Frees, Inc. Mission Statement
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