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| Delaware               | 56-2291458                      |
|------------------------|---------------------------------|
| State of Incorporation | IRS Employer Identification No. |

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| Large accelerated filer           | ¨ | Accelerated filer       | ¨  |
|-----------------------------------|--------|-------------------------|--------------|
| Non–Accelerated filer  | ¨ | Small reporting company | x            |

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Freedom Environmental Services, Inc.

| PART I                                                    |                                                                                                               |
|----------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------|
| ITEM 1.                                                   | BUSINESS                                                                                                           | 4 |
| ITEM 1A.                                                  | RISK FACTORS                                                                                                       | 8 |
| ITEM 1B.                                                  | UNRESOLVED STAFF COMMENTS                                                                                          | 15 |
| ITEM 2.                                                   | PROPERTIES                                                                                                         | 15 |
| ITEM 3.                                                   | LEGAL PROCEEDINGS                                                                                                  | 15 |
| ITEM 4.                                                   | REMOVED ANDRESERVED                                                                                                | 15 |
| PART II                                                   |                                                                                                               |
| ITEM 5.                                                   | MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES | 15 |
| ITEM 6.                                                   | SELECTED FINANCIAL DATA                                                                                            | 18 |
| ITEM 7.                                                   | MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS                        | 19 |
| ITEM 7A.                                                  | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK                                                         | 21 |
| ITEM 8.                                                   | CONSOLIDATED FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA                                                           | 26 |
| ITEM 9.                                                   | CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE                               | 27 |
| ITEM 9A.                                                  | CONTROLS AND PROCEDURES                                                                                            | 28 |
| ITEM 9B.                                                  | OTHER INFORMATION                                                                                                  | 29 |
| PART III                                                  |                                                                                                               |
| ITEM 10.                                                  | DIRECTORS, EXECUTIVE OFFICERS, AND CORPORATE GOVERNANCE                                                            | 30 |
| ITEM 11.                                                  | EXECUTIVE COMPENSATION                                                                                             | 31 |
| ITEM 12.                                                  | SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS                     | 34 |
| ITEM 13.                                                  | CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE                                          | 37 |
| ITEM 14.                                                  | PRINCIPAL ACCOUNTANT FEES AND SERVICES                                                                             | 38 |
| PART IV                                                   |                                                                                                               |
| ITEM 15.                                                  | EXHIBITS AND FINANCIAL STATEMENT SCHEDULES                                                                         | 38 |
|                                                           | SIGNATURES                                                                                                         | 39 |
|                                                           |                                                                                                               |   |
| CERTIFICATIONS                                                 |
|     Exhibit 31 – Management certification |                                                                                                               |
|     Exhibit 32 – Sarbanes-Oxley Act       |                                                                                                               |
|                                                           |                                                                                                               |   |

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| ·   | management's plans, objectives and budgets for its future operations and future economic performance; |
|--------------------|-------------------------------------------------------------------------------------------------------|

| ·   | capital budget and future capital requirements; |
|--------------------|-------------------------------------------------|

| ·   | meeting future capital needs; |
|--------------------|-------------------------------|

| ·   | realization of any deferred tax assets; |
|--------------------|-----------------------------------------|

| ·   | the level of future expenditures; |
|--------------------|-----------------------------------|

| ·   | impact of recent accounting pronouncements; |
|--------------------|---------------------------------------------|

| ·   | the outcome of regulatory and litigation matters; |
|--------------------|---------------------------------------------------|

| ·   | the assumptions described in this report underlying such forward-looking statements; and |
|--------------------|------------------------------------------------------------------------------------------|

| o   | those described in the context of such forward-looking statements; |
|---------------|--------------------------------------------------------------------|

| o   | future service  costs; |
|---------------|----------------------------------|

| o   | changes in our incentive plans; |
|---------------|---------------------------------|

| o   | the markets of our domestic operations; |
|---------------|-----------------------------------------|

| o   | the impact of competitive products and pricing; |
|---------------|-------------------------------------------------|

| o   | the political, social and economic climate in which we conduct operations; and |
|---------------|--------------------------------------------------------------------------------|

| o   | the risk factors described in other documents and reports filed with the Securities and Exchange Commission. |
|---------------|--------------------------------------------------------------------------------------------------------------|

ITEM 1.  BUSINESS.

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| (a)      | Collect raw waste (grease and septage) from customers which would constitute the raw material of Biofuel                                                                                                                                     |
|-------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)      | Transport the raw materials to a processing facility controlled by the enterprise where waste convertible into Biofuel (“Feedstock”) would be separated from unusable waste which would be disposed of in an appropriate manner. |
| (c)                     | Convert the feedstock into Biofuel                                                                                                                                                                                                           |

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|   | · | Create new jobs and save existing ones; |
|--------|--------|-----------------------------------------|

|   | · | Spur economic activity and invest in long-term growth; and |
|--------|--------|------------------------------------------------------------|

|   | · | Foster unprecedented levels of accountability and transparency in government spending. |
|--------|--------|----------------------------------------------------------------------------------------|

|   | · | Providing $288 billion in tax cuts and benefits for millions of working families and businesses; |
|--------|--------|--------------------------------------------------------------------------------------------------|

|   | · | Increasing federal funds for education and health care as well as entitlement programs (such as extending unemployment benefits) by $224 billion; |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Making $275 billion available for federal contracts, grants and loans; and |
|--------|--------|----------------------------------------------------------------------------|

|   | · | Requiring recipients of Recovery Act funds to report quarterly on how they are using the money.  All the data is posted on Recovery.gov so the public can track the Recovery Act funds. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

ITEM 1A - Risk Factors

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| ·   | actual or anticipated variations in our quarterly results of operations; |
|--------------------|--------------------------------------------------------------------------|

| ·   | changes in market valuations of companies in our industry; |
|--------------------|------------------------------------------------------------|

| ·   | changes in expectations of future financial performance; |
|--------------------|----------------------------------------------------------|

| ·   | fluctuations in stock market prices and volumes; |
|--------------------|--------------------------------------------------|

| ·   | issuances by us of dilutive common stock or other securities in the future; |
|--------------------|-----------------------------------------------------------------------------|

| ·   | the addition or departure of key personnel; and |
|--------------------|-------------------------------------------------|

| ·   | announcements by us or our competitors of acquisitions, investments or strategic alliances. |
|--------------------|---------------------------------------------------------------------------------------------|

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| ·   | diluting the voting or other rights of the proposed acquirer or insurgent stockholder group, |
|--------------------|----------------------------------------------------------------------------------------------|

| ·   | putting a substantial voting bloc in institutional or other hands that might undertake to support the incumbent Board of Directors, or |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------|

| ·   | effecting an acquisition that might complicate or preclude the takeover. |
|--------------------|--------------------------------------------------------------------------|

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| ·   | the transaction in which the stockholder became an interested stockholder is approved by the Board of directors prior to the date the interested stockholder attained that status; |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | on consummation of the transaction that resulted in the stockholders becoming an interested stockholder, the interested stockholder owned at least 85% of the voting stock of the corporation outstanding at the time the transaction was commenced, excluding those shares owned by persons who are directors and also officers; or |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | on or subsequent to that date, the business combination is approved by the Board of Directors and authorized at an annual or special meeting of stockholders by the affirmative vote of at least two-thirds of the outstanding voting stock that is not owned by the interested stockholder. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | conducted himself or herself in good faith, reasonably believed, in the case of conduct in his or her official capacity as our director or officer, that his or her conduct was in our best interests, and, in all other cases, that his or her conduct was at least not opposed to our best interests; and |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | in the case of any criminal proceeding, had no reasonable cause to believe that his or her conduct was unlawful. |
|--------------------|------------------------------------------------------------------------------------------------------------------|

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| • Failure of due diligence to uncover situations that could result in legal exposure or to quantify the true liability exposure from known risks; |
|---------------------------------------------------------------------------------------------------------------------------------------------------------|

| • Difficulties in the assimilation and retention of employees and difficulties in the assimilation of different cultures and practices, as well as in the assimilation of broad and geographically dispersed personnel and operations, as well as the retention of employees generally; |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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ITEM 1B.  UNRESOLVED STAFF COMMENTS

PART II

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| Periods                                        |   | High   |   |   | Low    |   |
|------------------------------------------------|--------|--------|--------|--------|--------|--------|
| Fiscal Year 2010                               |   |   |   |   |   |   |
| First Quarter (January – March 2010)     |   | $      | .339   |   |   | $      | .24 |   |
| Second Quarter (April – June 2010)       |   | $      | .035   |   |   | $      | .028 |   |
| Third Quarter (July – September 2010)    |   | $      | .026   |   |   | $      | .026 |   |
| Fourth Quarter (October – December 2010) |   | $      | .0133  |   |   | $      | .0133 |   |
|  Fiscal Year 2009                         |   |   |   |   |   |   |   |   |
| First Quarter (January – March 2009)     |   | $      | .02    |   |   | $      | .02 |   |
| Second Quarter (April – June 2009)       |   | $      | .01    |   |   | $      | .01 |   |
| Third Quarter (July – September 2009)    |   | $      | .25    |   |   | $      | .25 |   |
| Fourth Quarter (October – December 2009) |   | $      | .15    |   |   | $      | .15 |   |

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ITEM 6.SELECTED FINANCIAL DATA.

| Statement of Operations Data  |   |         |       |
|-------------------------------|--------|--------------|------------|
|                          |   | December 31, |       |
|                          |   | 2010         |       |   | 2009 |   |
|                          |   |         |       |   |   |   |
| Revenues                      |   | $            | 2,188,149  |   |   | $ | 293,282 |   |
| Cost of Sales                 |   |         | 1,606,404  |   |   |   | 235,481 |   |
| Operating and Other Expenses  |   |         | 3,122,644  |   |   |   | 5,006,286 |   |
|                          |   |         |       |   |   |   |   |   |
| Net Loss                      |   | $            | (2,540,899 | ) |   | $ | (4,948,484 | ) |
|                          |   |         |       |   |   |   |   |   |
| Balance Sheet Data:           |   |         |       |   |   |   |   |   |
|                          |   | December 31, |       |
|                          |   |         |       |   |   |   |   |   |
|                          |   |         | 2010       |   |   |   | 2009 |   |
|                          |   |         |       |   |   |   |   |   |
| Current Assets                |   | $            | 489,640    |   |   | $ | 10,952 |   |
| Total Assets                  |   |         | 2,825,932  |   |   |   | 13,306 |   |
| Current Liabilities           |   |         | 2,309,987  |   |   |   | 1,753,997 |   |
| Non Current Liabilities       |   |         | -          |   |   |   | - |   |
| Total Liabilities             |   |         | 2,309,987  |   |   |   | 1,753,997 |   |
| Working Capital (Deficit)     |   |         | (1,820,347 | ) |   |   | (1,743,045 | ) |
| Shareholders'Equity (Deficit) |   | $            | 515,945    |   |   | $ | (1,740,689 | ) |

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ITEM 7.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

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| · | Level 1 – inputs to the valuation methodology are quoted prices (unadjusted) for identical assets orliabilities in active markets;                                                                                                                                                                          |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| · | Level 2 – inputs to the valuation methodology include quoted prices for similar assets and liabilities inactive markets, and inputs that are observable for the asset or liability other than quoted prices, eitherdirectly or indirectly including inputs in markets that are not considered to be active; |
| · | Level 3 – inputs to the valuation methodology are unobservable and significant to the fair value. measurement                                                                                                                                                                                               |

|                     | December 31, 2010 | December 31, 2009 |
|--------------------------|-------------------|-------------------|
| Disposal                 | 107,884           | 138,213           |
| Job materials            | 493,062           | 12,378            |
| Equipment rental for job | 32,437            | 8,855             |
| Labor                    | 742,296           | 74,386            |
| Small tools for job      | 179,517           | 1,649             |
| Other job costs          | 51,208            | -                 |
| Total Cost of Goods Sold | 1,606,404         | 235,481           |

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| ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK |
|--------------------------------------------------------------------------|

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ITEM 8.  FINANCIAL STATEMENTS

| FREEDOM ENVIRONMENTAL SERVICES, INC.                                                                         |       |
|-------------------------------------------------------------------------------------------------------------------|------------|
| TABLE OF CONTENTS                                                                                            | Page  |
| REPORTS OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRMS:                                                        | F-2        |
|                                                                                                              |       |
| CONSOLIDATED FINANCIAL STATEMENTS:Consolidated Balance Sheets at December 31, 2010 and 2009                       |  F-4  |
|                                                                                                              |       |
| Consolidated Statements of Operations for the years endedDecember 31, 2010 and 2009                               |  F-5  |
|                                                                                                              |       |
| Consolidated Statement of Stockholders’ Equity (Deficit) for the years endedDecember 31, 2010 and 2009 |  F-6  |
|                                                                                                              |       |
| Consolidated Statements of Cash Flows for the years endedDecember 31, 2010 and 2009                               |  F-7  |
|                                                                                                              |       |
| NOTES TO CONSOLIDATED FINANCIAL STATEMENTS                                                                        | F-8        |

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

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| FREEDOM ENVIRONMENTAL SERVICES, INC.                                                                   |   |
|--------------------------------------------------------------------------------------------------------|--------|
| CONSOLIDATED BALANCE SHEETS                                                                            |   |
|                                                                                                   |   |   |   |   |   |   |
|                                                                                                   |   |   |   |   |   |   |
|                                                                                                   |   | December 31, |   |
|                                                                                                   |   | 2010 |   |   | 2009 |   |
|                                                                                                   |   |   |   |   |   |   |
|                                                                                                   |   |   |   |   |   |   |
| CURRENT ASSETS                                                                                         |   |   |   |   |   |   |
|    Cash                                                                                 |   | $ | 175,134 |   |   | $ | - |   |
|    Accounts receivable - net of allowance of  of $45,300 and $0               |   |   | 238,618 |   |   |   | 10,952 |   |
|    Inventory                                                                            |   |   | 70,658 |   |   |   | - |   |
|    Prepaid Expenses                                                                     |   |   | 5,230 |   |   |   | - |   |
|       Total current assets                                               |   |   | 489,640 |   |   |   | 10,952 |   |
|                                                                                                   |   |   |   |   |   |   |   |   |
| PROPERTY AND EQUIPMENT, , net of accumulated depreciation of $154,197 and $14,777                      |   |   | 2,154,349 |   |   |   | 2,354 |   |
|                                                                                                   |   |   |   |   |   |   |   |   |
|    Intangible asset (customer list) - net of accumulated amortization of $18,057 and $0 |   |   | 181,943 |   |   |   | - |   |
|     TOTAL ASSETS                                                                   |   | $ | 2,825,932 |   |   | $ | 13,306 |   |
|                                                                                                   |   |   |   |   |   |   |   |   |
| CURRENT LIABILITIES:                                                                                   |   |   |   |   |   |   |   |   |
|    Bank overdraft                                                                       |   | $ | - |   |   | $ | 5,037 |   |
|    Accounts payable                                                                     |   |   | 440,895 |   |   |   | 160,831 |   |
|    Accrued expenses                                                                     |   |   | 184,546 |   |   |   | 807,090 |   |
|    Accrued interest - related parties                                                   |   |   | 30,938 |   |   |   | - |   |
|    Line of credit                                                                       |   |   | 13,177 |   |   |   | 13,177 |   |
|    Notes payable                                                                        |   |   | 1,069,031 |   |   |   | - |   |
|    Notes payable - related party                                                        |   |   | 456,900 |   |   |   | 495,986 |   |
|    Convertible notes payable                                                            |   |   | 114,500 |   |   |   | - |   |
|    Convertible notes payable - related parties                                          |   |   | - |   |   |   | 271,875 |   |
|       Total current liabilities                                          |   |   | 2,309,987 |   |   |   | 1,753,996 |   |
|                                                                                                   |   |   |   |   |   |   |   |   |
|       TOTAL LIABILITIES                                                  |   |   | 2,309,987 |   |   |   | 1,753,996 |   |
|                                                                                                   |   |   |   |   |   |   |   |   |
| CONTINGENCIES AND COMMITMENTS                                                                          |   |   | - |   |   |   | - |   |
|                                                                                                   |   |   |   |   |   |   |   |   |
| STOCKHOLDERS' EQUITY (DEFICIT):                                                                        |   |   |   |   |   |   |   |   |
|     Preferred stock, $0.001 par value, 75,000,000 shares authorized:               |   |   |   |   |   |   |   |   |
|     Series A, Convertible -  3,177,111 and none issued and outstanding   |   |   |   |   |   |   |   |   |
|     as of December 31, 2010 and 2009, respectively                                 |   |   | 3,177 |   |   |   | - |   |
|     Common stock, $0.001 par value, 200,000,000 shares authorized;                 |   |   |   |   |   |   |   |   |
|     103,444,617 and 16,917,707 issued and outstanding                              |   |   |   |   |   |   |   |   |
|     as of December 31, 2010 and 2009, respectively                                 |   |   | 103,445 |   |   |   | 16,918 |   |
|     Additional paid-in capital                                                     |   |   | 20,888,927 |   |   |   | 16,181,098 |   |
|     Accumulated deficit                                                            |   |   | (20,479,604 | ) |   |   | (17,938,705 | ) |
|       Total stockholders' equity (deficit)                               |   |   | 515,945 |   |   |   | (1,740,689 | ) |
|                                                                                                   |   |   |   |   |   |   |   |   |
|     TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)                           |   | $ | 2,825,932 |   |   | $ | 13,306 |   |
|                                                                                                   |   |   |   |   |   |   |   |   |
| The accompanying notes are an integral part of these consolidated financial statements.                |

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| FREEDOM ENVIRONMENTAL SERVICES, INC.                                                    |   |
|-----------------------------------------------------------------------------------------|--------|
| CONSOLIDATED STATEMENTS OF OPERATIONS                                                   |   |
|                                                                                    |   |   |   |   |   |   |
|                                                                                    |   |   |   |   |   |   |
|                                                                                    |   |   |   |   |   |   |
|                                                                                    |   | Years Ended December 31, |   |
|                                                                                    |   | 2010 |   |   | 2009 |   |
|                                                                                    |   |   |   |   | Restated |   |
|                                                                                    |   |   |   |   |   |   |
|  Revenues                                                                          |   | $ | 2,188,149 |   |   | $ | 293,282 |   |
|    Total                                                                 |   |   | 2,188,149 |   |   |   | 293,282 |   |
|                                                                                    |   |   |   |   |   |   |   |   |
|  COST OF SALES                                                                     |   |   | 1,606,404 |   |   |   | 235,481 |   |
|                                                                                    |   |   |   |   |   |   |   |   |
|  GROSS PROFITS                                                                     |   |   | 581,745 |   |   |   | 57,802 |   |
|                                                                                    |   |   |   |   |   |   |   |   |
| OPERATING EXPENSES:                                                                     |   |   |   |   |   |   |   |   |
|    General and administrative                                            |   |   | 2,671,968 |   |   |   | 4,809,520 |   |
|      Selling and marketing                                     |   |   | - |   |   |   | 50,114 |   |
|      Impairment of goodwill                                    |   |   | 132,595 |   |   |   | - |   |
|      Depreciation expense                                      |   |   | 35,754 |   |   |   | 8,712 |   |
|          Total operating expenses          |   |   | 2,840,317 |   |   |   | 4,868,346 |   |
| OPERATING LOSS                                                                          |   |   | (2,258,572 | ) |   |   | (4,810,544 | ) |
|                                                                                    |   |   |   |   |   |   |   |   |
| OTHER EXPENSES                                                                          |   |   |   |   |   |   |   |   |
|       Interest expense                                    |   |   | (282,327 | ) |   |   | (137,940 | ) |
|         Total other expenses                    |   |   | (282,327 | ) |   |   | (137,940 | ) |
|                                                                                    |   |   |   |   |   |   |   |   |
| NET LOSS                                                                                |   | $ | (2,540,899 | ) |   | $ | (4,948,484 | ) |
|                                                                                    |   |   |   |   |   |   |   |   |
| NET LOSS PER SHARE:                                                                     |   |   |   |   |   |   |   |   |
|   Basic and diluted:                                                          |   | $ | (0.05 | ) |   | $ | (0.22 | ) |
|                                                                                    |   |   |   |   |   |   |   |   |
| WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:                                             |   |   |   |   |   |   |   |   |
|   Basic and diluted:                                                          |   |   | 55,242,677 |   |   |   | 22,407,365 |   |
|                                                                                    |   |   |   |   |   |   |   |   |
|                                                                                    |   |   |   |   |   |   |   |   |
| The accompanying notes are an integral part of these consolidated financial statements. |   |

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| FREEDOM ENVIRONMENTAL SERVICES, INC.                                                                  |
|-------------------------------------------------------------------------------------------------------|
| CONSOLIDATED STATEMENTS OF CASH FLOWS                                                                 |
|                                                                                                  |
|                                                                                                  |   |   |   |   |   |   |
|                                                                                                  |   | Years Ended December 31, |   |
|                                                                                                  |   | 2010 |   |   | 2009 |   |
|                                                                                                  |   |   |   |   |   |   |
|                                                                                                  |   |   |   |   |   |   |
|   Net loss                                                                                  |   | $ | (2,540,899 | ) |   | $ | (4,948,484 | ) |
|   Adjustments to reconcile net loss to net cash                                             |   |   |   |   |   |   |   |   |
|    used in operating activities:                                                       |   |   |   |   |   |   |   |   |
|   Bad debt expense                                                                          |   |   | 59,243 |   |   |   | - |   |
|   Depreciation and amortization                                                             |   |   | 174,197 |   |   |   | 8,712 |   |
|   Common stock issued for services                                                          |   |   | 1,410,851 |   |   |   | 3,902,832 |   |
|   Common stock issued for services - related parties                                        |   |   | 58,125 |   |   |   | - |   |
|   Goodwill impairment                                                                       |   |   | 132,595 |   |   |   | - |   |
|   Common stock issued for conversion of debt                                                |   |   | - |   |   |   | 418,041 |   |
|    Beneficial Conversion Feature / amortization of debt discount                       |   |   | 139,144 |   |   |   | - |   |
|   Changes in operating assets and liabilities:                                              |   |   |   |   |   |   |   |   |
|     Accounts receivables                                                          |   |   | 10,310 |   |   |   | (8,277 | ) |
|     Other assets                                                                  |   |   | (5,548 | ) |   |   | 6,686 |   |
|     Inventory                                                                     |   |   | (36,392 | ) |   |   | - |   |
|    Deposits                                                                            |   |   | - |   |   |   | 5,049 |   |
|     Accounts payables                                                             |   |   | 227,258 |   |   |   | 91,899 |   |
|     Accrued expenses                                                              |   |   | 223,872 |   |   |   | 426,984 |   |
|     Accrued interest - related parties                                            |   |   | 30,937 |   |   |   | - |   |
|           Net cash used in operating activities     |   |   | (116,307 | ) |   |   | (96,558 | ) |
|                                                                                                  |   |   |   |   |   |   |   |   |
| CASH FLOWS FROM INVESTING ACTIVITIES:                                                                 |   |   |   |   |   |   |   |   |
|     Cash received on acquisition of Brownies                                      |   |   | 207,163 |   |   |   | - |   |
|     Purchase of equipment                                                         |   |   | (902,494 | ) |   |   | - |   |
|           Net cash used in investing activities     |   |   | (695,331 | ) |   |   | - |   |
|                                                                                                  |   |   |   |   |   |   |   |   |
| CASH FLOWS FROM FINANCING ACTIVITIES:                                                                 |   |   |   |   |   |   |   |   |
|  Bank overdraft                                                                                  |   |   | (5,037 | ) |   |   | (15,434 | ) |
|  Repayment of note payable                                                                       |   |   | (569,442 | ) |   |   | (9,994 | ) |
|  Repayment of note payable - related parties                                                     |   |   | (93,679 | ) |   |   | - |   |
|  Repayment of note payable - related parties                                                     |   |   | - |   |   |   | (1,818 | ) |
|  Proceeds from note payable                                                                      |   |   | 1,275,000 |   |   |   | - |   |
|  Proceeds from note payable - related parties                                                    |   |   | 247,430 |   |   |   | 123,804 |   |
|  Proceeds from convertible note payable                                                          |   |   | 132,500 |   |   |   | - |   |
|           Net cash provided by financing activities |   |   | 986,772 |   |   |   | 96,558 |   |
|                                                                                                  |   |   |   |   |   |   |   |   |
| INCREASE IN CASH                                                                                      |   |   | 175,134 |   |   |   | - |   |
| CASH, BEGINNING OF YEAR                                                                               |   |   | - |   |   |   | - |   |
| CASH, END OF YEAR                                                                                     |   | $ | 175,134 |   |   | $ | - |   |
|                                                                                                  |   |   |   |   |   |   |   |   |
| SUPPLEMENTAL CASH FLOW INFORMATION                                                                    |   |   |   |   |   |   |   |   |
|                                                                                                  |   |   |   |   |   |   |   |   |
| Interest paid                                                                                         |   | $ | 29,209 |   |   | $ | 137,940 |   |
| Taxes paid                                                                                            |   | $ | - |   |   | $ | - |   |
|                                                                                                  |   |   |   |   |   |   |   |   |
| NONCASH INVESTING AND FINANCING TRANSACTIONS                                                          |   |   |   |   |   |   |   |   |
| Issuance of common stock for the conversion of debt                                                   |   | $ | 447,628 |   |   | $ | 418,041 |   |
| Exstinguishment of Debt per Asset Purchase Agreement                                                  |   | $  | 1,247,155 |   |   | $ | - |   |
| Warrant issued for asset acquisition                                                                  |   | $ | 95,308 |   |   | $ | - |   |
| Common stock issued as collateral for debt                                                            |   | $ | 10,000 |   |   |   |   |   |
| Common stock issued for payables                                                                      |   | $ | 185,000 |   |   | $ | - |   |
| Preferred stock issued for payables                                                                   |   | $ | 47,657 |   |   | $ | - |   |
|                                                                                                  |   |   |   |   |   |   |   |   |
| The accompanying notes are an integral part of these consolidated financial statements.               |

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| FREEDOM ENVIRONMENTAL SERVICES, INC.                                   |   |
|------------------------------------------------------------------------|--------|
| CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY                         |   |
| FOR THE YEARS ENDED DECEMBER 31, 2010 AND 2009                         |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   | Additional |   |   |   |   |   |   |   |
|                                                                   |   | Common Stock |   |   | Preferred Stock |   |   | Paid-in |   |   | Accumulated |   |   |   |   |
|                                                                   |   | Shares |   |   | Amount |   |   | Shares |   |   | Amount |   |   | Capital |   |   | Deficit |   |   | Total |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| DECEMBER 31, 2008                                                      |   |   | 703,162 |   |   | $ | 703 |   |   |   |   |   | $ | - |   |   | $ | 11,876,440 |   |   | $ | (12,990,221 | ) |   | $ | (1,113,078 | ) |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common stock issued for services                                       |   |   | 14,549,045 |   |   |   | 14,549 |   |   |   |   |   |   |   |   |   |   | 3,888,283 |   |   |   |   |   |   |   | 3,902,832 |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common stock issued for the conversion of debt                         |   |   | 1,665,500 |   |   |   | 1,666 |   |   |   |   |   |   |   |   |   |   | 416,375 |   |   |   |   |   |   |   | 418,041 |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (4,948,484 | ) |   |   | (4,948,484 | ) |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| DECEMBER 31, 2009                                                      |   |   | 16,917,707 |   |   | $ | 16,918 |   |   |   | - |   |   | $ | - |   |   | $ | 16,181,098 |   |   | $ | (17,938,705 | ) |   | $ | (1,740,689 | ) |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common stock issued for Asset Purchase Agreement                       |   |   | 48,000,000 |   |   |   | 48,000 |   |   |   |   |   |   |   |   |   |   |   | 1,152,000 |   |   |   |   |   |   |   | 1,200,000 |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Common stock cancelled                                           |   |   | (1,333,333 | ) |   |   | (1,333 | ) |   |   |   |   |   |   |   |   |   |   | (32,001 | ) |   |   |   |   |   |   | (33,334 | ) |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common stock issued for services                                       |   |   | 9,341,000 |   |   |   | 9,341 |   |   |   |   |   |   |   |   |   |   |   | 1,459,634 |   |   |   |   |   |   |   | 1,468,975 |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Forgiveness of debt by Shareholder                                     |   |   |   |   |   |   | - |   |   |   |   |   |   |   |   |   |   |   | 1,247,155 |   |   |   |   |   |   |   | 1,247,155 |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Beneficial conversion feature attributable to convertible notes issued |   |   | - |   |   |   | - |   |   |   |   |   |   |   |   |   |   |   | 139,144 |   |   |   |   |   |   |   | 139,144 |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common stock issued for the conversion of debt and accrued interest    |   |   | 17,435,910 |   |   |   | 17,436 |   |   |   |   |   |   |   |   |   |   |   | 430,192 |   |   |   |   |   |   |   | 447,628 |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Warrants issued for purchase of assets                                 |   |   | - |   |   |   | - |   |   |   |   |   |   |   |   |   |   |   | 95,308 |   |   |   |   |   |   |   | 95,308 |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common stock issued for the settlement of accrued compensation         |   |   | 3,083,333 |   |   |   | 3,083 |   |   |   |   |   |   |   |   |   |   |   | 181,917 |   |   |   |   |   |   |   | 185,000 |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Preferred stock issued for the settlement of accrued compensation      |   |   | - |   |   |   | - |   |   |   | 3,177,111 |   |   |   | 3,177 |   |   |   | 44,480 |   |   |   |   |   |   |   | 47,657 |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common stock issued as collateral on debt                              |   |   | 10,000,000 |   |   |   | 10,000 |   |   |   |   |   |   |   |   |   |   |   | (10,000 | ) |   |   |   |   |   |   | - |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (2,540,899 | ) |   |   | (2,540,899 | ) |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| DECEMBER 31, 2010                                                      |   |   | 103,444,617 |   |   | $ | 103,445 |   |   |   | 3,177,111 |   |   | $ | 3,177 |   |   | $ | 20,888,927 |   |   | $ | (20,479,604 | ) |   | $ | 515,945 |   |
|                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                   |   | The accompanying notes are an integral part of these consolidated financial statements. |   |

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FREEDOM ENVIRONMENTAL SERVICES, INC.  AND SUBSIDIARIES

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| · | Level 1 – inputs to the valuation methodology are quoted prices (unadjusted) for identical assets orliabilities in active markets;                                                                                                                                                                                |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| · | Level 2 – inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability other than quoted prices, eitherdirectly or indirectly including inputs in markets that are not considered to be active; |
| · | Level 3 – inputs to the valuation methodology are unobservable and significant to the fair value. measurement                                                                                                                                                                                                     |

|                         |   December 31, |      | December 31, |   |
|------------------------------|---------------------|-----------|--------------|--------|
|                         | 2010                |      |         | 2009   |   |
| Trucks and Autos             | $                   | 447,114   |         |   | $ |   |   |
| Large Equipment              |                | 1,150,085 |         |   |   |   |   |
| Machinery and Equipment      |                | 503,683   |         |   |   |   |   |
| Office Equipment             |                | 14,146    |         |   |   |   |   |
| Electrical Equipment         |                | 193,518   |         |   |   |   |   |
| Total property and equipment | $                   | 2,308,546 |         |   | $ | 17,131 |   |
| Accumulated depreciation     |                | (154,197) |         |   |   | (14,777 | ) |
| Total                        | $                   | 2,154,349 |         |   | $ | 2,354 |   |

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|                                                                                                                                                                                                                                                                                                                                               |   | December 31, 2010 |            |   | December 31, 2009 |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|-----------------|--------|-------------------|--------|
| Convertible promissory note with a related party bearing interest at 15% per annum and due on demand.  This note was converted into shares of common stock in 2010.                                                                                                                                                            |   | $                 | -               |   |              | $      | 271,875 |   |
|                                                                                                                                                                                                                                                                                                                                               |   |              |            |   |              |   |   |   |
| Convertible promissory note with an affiliate bearing interest at 15% per annum and due on demand.  This note was settled through the payment of cashand by the related party forgiving the outstanding balance and contributing it to the Company’s additional paid in capital during 2010.                             |   |              |     - |   |              |   |     95,000 |   |
|                                                                                                                                                                                                                                                                                                                                               |   |              |            |   |              |   |   |   |
| Advances from a related party bearing interest at 15% per annum and due on demand.  This note was settled through the payment of cash and by the related party forgiving the outstanding balance and contributing it to the Company’s additional paid in capital during 2010.                                  |   |              | -               |   |              |   | 395,911 |   |
|                                                                                                                                                                                                                                                                                                                                               |   |              |            |   |              |   |   |   |
| Advance from a related party bearing no interest per annum and due on demand.                                                                                                                                                                                                                                                                      |   |              | 100,000         |   |              |   | - |   |
|                                                                                                                                                                                                                                                                                                                                               |   |              |            |   |              |   |   |   |
| Line of credit with an unrelated third party bearing interest at LIBOR (.78094) +3% due on demand.                                                                                                                                                                                                                                                 |   |              | 13,177          |   |              |   | 13,177 |   |
|                                                                                                                                                                                                                                                                                                                                               |   |              |            |   |              |   |   |   |
| Advances from related parties bearing no interest per annum and due on demand. These advances were settled by the related party forgiving the outstanding balance and contributing it to the Company’s additional paid in capital during 2010.                                                                                               |   |              | -               |   |              |   | 5,075 |   |
|                                                                                                                                                                                                                                                                                                                                               |   |              |            |   |              |   |   |   |
| Line of credit with an unrelated third party bearing interest at prime (3.25%) plus 2% per annum, due and payable on October 28, 2015 with a monthly principal and interest payment of $6,295 per month, secured by the assets of the Company and recorded liens on certain equipment of the Company, guaranteed by the Company’s president. |   |              | 320,031         |   |              |   | - |   |

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| Convertible note bearing interest at 8% per annum, maturity date in February 2011. The company evaluated the terms of the note and recorded a beneficial conversion feature in the amount of $59,644 at the inception of the agreement. This note was repaid in 2011.                                 |   |   | 32,000     |   |   |   | -        |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|------------|--------|--------|--------|----------|--------|
|                                                                                                                                                                                                                                                                                                  |   |   |       |   |   |   |     |   |
| Convertible note bearing interest at 8% per annum, maturity date in August 2011. The company evaluated the terms of the note and recorded a beneficial conversion feature in the amount of $29,500 at the inception of the agreement. This note was repaid in 2011.                                   |   |   | 32,500     |   |   |   | -        |   |
|                                                                                                                                                                                                                                                                                                  |   |   |       |   |   |   |     |   |
| Convertible note bearing interest at 8% per annum, maturity date in April 2011. The company evaluated the terms of the note and recorded a beneficial conversion feature in the amount of $50,000 at the inception of the agreement. This note was repaid in 2011.                                    |   |   | 50,000     |   |   |   | -        |   |
|                                                                                                                                                                                                                                                                                                  |   |   |       |   |   |   |     |   |
| Promissory note with an unrelated third party bearing no interest per annum requires a monthly payment of $2,500 and matures in June 2012.  The Company disputes this note payable as representation of the fitness of the equipment purchased from Vac & Jet were not fully disclosed. |   |   | 60,000     |   |   |   | -        |   |
|                                                                                                                                                                                                                                                                                                  |   |   |       |   |   |   |     |   |
| Note with an unrelated third party bearing no interest, requires a monthly payment of $1,500 per months and matures in October2012.                                                                                                                                                                   |   |   | 39,000     |   |   |   | -        |   |
|                                                                                                                                                                                                                                                                                                  |   |   |       |   |   |   |     |   |
| Note with an affiliated company bearing interest at 18% per annum and due on demand.                                                                                                                                                                                                                  |   |   | 322,500    |   |   |   | -        |   |
|                                                                                                                                                                                                                                                                                                  |   |   |       |   |   |   |     |   |
| Note with an affiliated company bearing interest at 18% per annum and due on demand.                                                                                                                                                                                                                  |   |   | 59,400     |   |   |   |     |   |
|                                                                                                                                                                                                                                                                                                  |   |   |       |   |   |   |     |   |
| Note with a related party bearing interest at 18% per annum and originally due in February 2011 but extended to June 2011. The note was secured by 10,000,000 shares of the Company’s common stock.During 2011 this note was paid in full.                                                      |   |   | 75,000     |   |   |   | -        |   |
|                                                                                                                                                                                                                                                                                                  |   |   |       |   |   |   |     |   |
| Note with an unrelated third party bearing no interest, due on March 31, 2011.  During 2011 this note was paid in full.                                                                                                                                                                     |   |   | 550,000    |   |   |   | -        |   |
|                                                                                                                                                                                                                                                                                                  |   |   |       |   |   |   |     |   |
| Total Notes Payable                                                                                                                                                                                                                                                                                   |   |   | 1,653,608  |   |   |   | 781,038  |   |
|                                                                                                                                                                                                                                                                                                  |   |   |       |   |   |   |     |   |
| less:  Current Portion                                                                                                                                                                                                                                                                      |   |   | (1,653,608 | )      |   |   | (781,038 | )      |
|                                                                                                                                                                                                                                                                                                  |   |   |       |   |   |   |     |   |
| Long Term Portion                                                                                                                                                                                                                                                                                     |   | $      | -          |   |   | $      | -        |   |
|                                                                                                                                                                                                                                                                                                  |   |   |       |   |   |   |     |   |

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| ·   | The Company is to maintain 1.25X Debt Coverage Ratio; |
|--------------------|-------------------------------------------------------|

| ·   | The Company is to maintain Tangible Net Worth of $400,000; |
|--------------------|------------------------------------------------------------|

| ·   | The Company agrees no dividends will be paid without Bank consent; |
|--------------------|--------------------------------------------------------------------|

| ·   | The Company agrees to provide internally prepared financial statements quarterly; |
|--------------------|-----------------------------------------------------------------------------------|

| ·   | The Company will provide tax returns annually; and, |
|--------------------|-----------------------------------------------------|

| ·   | Guarantors (Michael Borish individually and the Company) to provide tax returns /financial statements annually. |
|--------------------|-----------------------------------------------------------------------------------------------------------------|

| Notes Payable Shareholder                                                                                              | $405,819                                                   |
|------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------|
| Notes Payable Resort Marketing                                                                                         |     84,300                             |
| Accrued Interest                                                                                                       |  181,266                                              |
| Accounts Payable                                                                                                       |   89,421                                         |
| Visa RBC Centura 1702                                                                                                  |       5,934                  |
| RBC Centura 1694                                                                                                       |       7,079                  |
| Accrued Interest                                                                                                       |          362. |
| Accrued Compensation-CEO                                                                                               | 368,183                                                    |
| Accrued Payroll – CEO                                                                                            |     99,717                             |
| Advances by Shareholders                                                                                               |       5,075                  |
| Total Debt Forgiven and Recognized as Additional Paid-In Capital in the Accompanying Consolidated Financial Statements |  $1,247,155                                           |

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| Expected Dividend yield                  |   | None   |   |
|------------------------------------------|--------|--------|--------|
| Volatility                               |   |   | 287.81 | % |
| Weighted average risk free interest rate |   |   | 5.53   | % |
| Weighted average expected life(in years) |   | 3.00   |   |

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|                                    |   | December 31, |     |
|-----------------------------------------|--------|--------------|----------|
|                                    |   | 2010         |     |   | 2009 |   |
| Current:                                |   |         |     |   |   |   |
| Federal                                 |   | $            | -        |   |   | $ | - |   |
| State                                   |   |         | -        |   |   |   | - |   |
|                                    |   |         | -        |   |   |   | - |   |
| Deferred:                               |   |         |     |   |   |   |   |   |
| Federal                                 |   | $            | 286,797  |   |   | $ | 1,554,881 |   |
| State                                   |   |         | 48,150   |   |   |   | - |   |
|                                    |   |         | 334,947  |   |   |   | 1,554,881 |   |
| Valuation allowance                     |   |         | (334,947 | ) |   |   | (1,554,881 | ) |
| Provision benefit for income taxes, net |   | $            | -        |   |   | $ | - |   |

|                              |   | December 31, |   |
|-----------------------------------|--------|--------------|--------|
|                              |   | 2010         |   |   | 2009 |   |
|                              |   |         |   |   |   |   |
| Statutory federal income tax rate |   |         | 34.0   | % |   |   | 34.0 | % |
| State income taxes and other      |   |         | 5.4    | % |   |   | 5.4 | % |
| Valuation allowance               |   |         | (39.40 | %) |   |   | (39.40 | %) |
| Effective tax rate                |   |         | -      |   |   |   | - |   |

|                            |   | December 31, |       |
|---------------------------------|--------|--------------|------------|
|                            |   | 2010         |       |   | 2009 |   |
|                            |   |         |       |   |   |   |
| Net operating loss carryforward |   |         | 7,321,795  |   |   |   | 6,986,848 |   |
| Valuation allowance             |   |         | (7,321,795 | ) |   |   | (6,986,848 | ) |
|                            |   |         |       |   |   |   |   |   |
| Deferred income tax asset       |   | $            | -          |   |   | $ | - |   |
|                            |   |         |       |   |   |   |   |   |

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| Purchase Price Allocation                                                             |   | July 17, 2010 |      |
|---------------------------------------------------------------------------------------|--------|---------------|-----------|
| Fair Value of Consideration:                                                          |   |          |      |
| Equity instruments (46,666,667 common shares of Freedom Environmental Services, Inc.) |   | $             | 1,166,667 |   |
| Fair Value of Assets acquired:                                                        |   |          |      |   |
| Cash                                                                                  |   |          | 207,163   |   |
| Assets:                                                                               |   |          |      |   |
| Equipment                                                                             |   |          | 1,308,390 |   |
| Prepaid expense                                                                       |   |          | 1,625     |   |
| Accounts receivables                                                                  |   |          | 297,219   |   |
| Inventory                                                                             |   |          | 34,266    |   |
| Client list                                                                           |   |          | 200,000   |   |
| Total assets                                                                          |   | $             | 2,048,663 |   |
| Fair Value of Liabilities assumed:                                                    |   |          |      |   |
| Liabilities                                                                           |   |          | 1,014,591 |   |
| Fair value of netassets                                                               |   | $             | 1,034,072 |   |
| Goodwill                                                                              |   |          | 132,595   |   |
| Total purchase price                                                                  |   | $             | 1,166,667 |   |

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| Liabilities Assumed:                  |   |   |      |
|---------------------------------------|--------|--------|-----------|
| Royal Bank of Canada                  |   | $      | 13,177    |   |
| Convertible Note Payable              |   |   | 50,000    |   |
| Notes Payable Vac& Jet            |   |   | 60,000    |   |
| Notes Payable Caterpillar             |   |   | 39,000    |   |
| Notes Payable Resort Marketing        |   |   | 322,500   |   |
| Notes Payable Security Fortress Ltd   |   |   | 264,800   |   |
| Accounts Payable                      |   |   | 265,814   |   |
|   Total Liabilities Assumed |   | $      | 1,014,591 |   |

|                                   |  Year Ended December 31, |
|----------------------------------------|-------------------------------|
|                                   |                          | 2010 |   |   | 2009 |   |
| REVENUES                               |                          |   | 4,807,603 |   |   |   | 4,170,058 |   |
| Net Loss                               |                          |   | (3,295,379 | ) |   |   | (4,895,986 | ) |
| Net loss per share basic and diluted   |                          | $ | (0.04 | ) |   | $ | (0.07 | ) |
|                                   |                          |   |   |   |   |   |   |   |
| Weighted average of shares outstanding |                          |   | 81,241,781 |   |   |   | 69,074,032 |   |
|                                   |                          |   |   |   |   |   |   |   |

|  Purchase Price Allocation                                  |   | December 31, 2010 |    |
|------------------------------------------------------------------|--------|-------------------|---------|
| Fair Value of Consideration:                                     |   |              |    |
| Cash                                                             |   | $                 | 850,000 |   |
| Equity instruments (5,000,000 warrants at a $.10 exercise price) |   |              | 95,308  |   |
| Total Purchase Price                                             |   |              | 945,308 |   |
| Fair Value of Assets acquired:                                   |   |              |    |   |
| Assets:                                                          |   |              |    |   |
| Property and Equipment                                           |   |              | 945,308 |   |
| Total assets                                                     |   | $                 | 945,308 |   |
| Fair value of total assets                                       |   | $                 | 945,308 |   |
| Total purchase price                                             |   | $                 | 945,308 |   |

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|                       |   | December 31, 2009Originally Stated |      |   | December 31, 2009Restated |   |      | December 31, 2009Restatement |   |
|----------------------------|--------|------------------------------------|-----------|--------|---------------------------|--------|-----------|------------------------------|--------|
| Disposal                   |   |                               | 25,881    |   |                      |   | 138,213   |                         |   |   | 112,332 |   |
| Job materials              |   |                               | 2,673     |   |                      |   | 12,378    |                         |   |   | 9,705 |   |
| Sand                       |   |                               | -         |   |                      |   | -         |                         |   |   |   |   |
| Permits for job site       |   |                               | -         |   |                      |   | -         |                         |   |   |   |   |
| Equipment rental for job   |   |                               | 8,138     |   |                      |   | 8,855     |                         |   |   | 717 |   |
| Labor                      |   |                               | 14,260    |   |                      |   | 74,386    |                         |   |   | 60,126 |   |
| Small tools for job        |   |                               | 1,649     |   |                      |   | 1,649     |                         |   |   | - |   |
| Total Cost of Sales        |   |                               | 52,601    |   |                      |   | 235,481   |                         |   |   | 182,880 |   |
| General and Administrative |   |                               | 4,992,400 |   |                      |   | 4,809,520 |                         |   |   | (182,880 | ) |

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ITEM 9. 

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|    | (a) | The application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Registrant’s financial statements, and neither was a written report provided to the Registrant nor was oral advice provided that GBH CPAs, PC, concluded was an important factor considered by the Registrant in reaching a decision as to an accounting, auditing, or financial reporting issue; or |
|--------------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|    | (b) | Any matter that was either the subject of a disagreement or a reportable event, as each term is defined in Items 304(a)(1)(iv) or (v) of Regulation S-K, respectively. |
|--------------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

ITEM 9A. CONTROLS AND PROCEDURES

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ITEM 9B. OTHER INFORMATION

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PART III

| Name              |   | Age    |   | Title                              |
|-------------------|--------|--------|--------|------------------------------------|
|              |   |   |   |                               |
| Michael S. Borish |   | 47     |   | Chairman, CEO, CFO, Sole Director  |
| Michael Ciarlone  |   | 42     |   | Chief  Operating Officer |

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ITEM 11.  EXECUTIVE COMPENSATION

|   Name andPrincipal Position                               |   |    Year |           |   |   Salary($) |   |                      |   Bonus($) |   |   |  StockAwards($) *    |   |   |  Option Awards($) * |               |   | Non-Equity Incentive Plan Compensation ($) |   |                      | Nonqualified Deferred Compensation ($) |   |   |  All OtherCompensation($) |   |   |   Total($) |                      |
|----------------------------------------------------------------------|--------|------------------------|----------------|--------|-----------------------|--------|---------------------------|----------------------|--------|--------|---------------------------|--------|--------|--------------------------|--------------------|--------|--------------------------------------------|--------|---------------------------|----------------------------------------|--------|--------|--------------------------------|--------|--------|----------------------|---------------------------|
| Michal Borish                                                   |   |                   | 20102009       |   |                  |   | 148,503-185,000           |                 |   |   | - -                  |   |   |                     | 36,497        |   |                                       |   | - -                  |                                   |   |   | --                             |   |   |                 | --                        |   |   |   | -- |   |   |   | 185,000185,000 |   |
| Chairman of the Board Chief Executive Officer, Principal Accountant, |   |                   |           |   |                  |   | -     |                 |   |   | -     |   |   |                     |               |   |                                       |   | -     |                                   |   |   | -          |   |   |                 | -     |   |   |   | -     |   |   |   | -     |   |
| Michael CiarloneChief Operation Officer                              |   |                   | 20102009  |   |                  |   | 75,000-              |                 |   |   |                      |   |   |                     | 11,036   |   |                                       |   |                      |                                   |   |   |                           |   |   |                 |                      |   |   |   |   |   |   |   | 86,036-  |   |

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|             |   | Option Awards                                                     |   |   | Stock Awards                                                        |   |
|------------------|--------|-------------------------------------------------------------------|--------|--------|---------------------------------------------------------------------|--------|
| Name             |   | Number of Securities Underlying Unexercised Options(#)Exercisable |   |   | Number of Securities Underlying Unexercised Options(#)Unexercisable |   |   | Equity Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options(#) |   |   | Option Exercise Price($) |   |   | Option Expiration Date |   |   | Number of Shares or Units of Stock That Have Not Vested(#) |   |   | Market Value of Shares or Units of Stock That Have Not Vested($) |   |   | Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested(#) |   |   | Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested($) |   |
| Michael Borish   |   |                                                              | - 0 -  |   |                                                                |   | - 0 - |   |   |   | - 0 - |   |   |   | - 0 - |   |   |   | - 0 - |   |   |   | - 0 - |   |   |   | - 0 - |   |   |   | - 0 - |   |   |   | - 0 - |   |
|             |   |                                                              |   |   |                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Michael Ciarlone |   |                                                              | - 0 -  |   |                                                                |   | - 0 - |   |   |   | - 0 - |   |   |   | - 0 - |   |   |   | - 0 - |   |   |   | - 0 - |   |   |   | - 0 - |   |   |   | - 0 - |   |   |   | - 0 - |   |
|             |   |                                                              |   |   |                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|   |   | Option Awards                             | Stock Awards                   |
|--------|--------|-------------------------------------------|--------------------------------|
| Name   | Year   | Number of Shares Acquired on Exercise (#) | Value Realized on Exercise ($) | Number of Shares Acquired on Vesting (#) | Value Realized on Vesting ($) |
| NONE   |   |                                      |                           |   |   |
|   |   |                                      |                           |   |   |

| Name | Year   | Plan Name | Number of Year of Credited Service | Present Value of Accumulated Benefit ($) | Payments During Last Fiscal Years (s) |
|------|--------|-----------|------------------------------------|------------------------------------------|---------------------------------------|
| NONE |   |      |                               |                                     |                                  |

| Name | Year   | Executive Contribution in Last Fiscal Year ($) | Registrant Contributions in Last Fiscal Year ($) | Aggregate Earnings in Last Fiscal Year ($) | Aggregate Withdrawals/ Distributions | Aggregate Balance of Last Fiscal Year-End ($) |
|------|--------|------------------------------------------------|--------------------------------------------------|--------------------------------------------|--------------------------------------|-----------------------------------------------|
| NONE |   |                                           |                                             |                                       |                                 |                                          |

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| Name                 |   | Fees Earned or Paid in Cash($) |   |   |  Stock Awards($) * |   |    |  Option Awards($) * |   |   | Non-Equity Incentive Plan Compensation($) |   |   | Nonqualified Deferred Compensation Earnings($) |    |   |  All Other Compensation($) |   |    |   Total($) |   |
|----------------------|--------|--------------------------------|--------|--------|-------------------------|--------|---------|--------------------------|--------|--------|-------------------------------------------|--------|--------|------------------------------------------------|---------|--------|---------------------------------|--------|---------|----------------------|--------|
| Michael Borish  |   |                           | 0-     |   |                    |   | 0  |                     |   |   | 0-                                        |   |   |                                           | 0  |   |                            |   | 0  |                 |   |   | 0  |   |   |   | 0  |   |
|                 |   |                           |   |   |                    |   |    |                     |   |   |                                      |   |   |                                           |    |   |                            |   |    |                 |   |   |   |   |   |   |   |   |

| Name | Year   | Perquisitesand OtherPersonalBenefits($) | TaxReimbursement($) | InsurancePremiums($) | CompanyContributionsto Retirement and401(k) Plans($) | SeverancePayments /Accruals($) | Changein ControlPayments /Accruals($) | Total ($) |
|------|--------|-----------------------------------------|---------------------|----------------------|----------------------------------------------------------------|-------------------------------------|-------------------------------------------------|----------------|
| NONE |   |                                    |                |                 |                                                           |                                |                                            |           |

| Name | Year   | Personal Use ofCompanyCar/Parking($) | Financial Planning/Legal Fees($) | Club Dues($) | Executive Relocation($) | Total Perquisites andOther Personal Benefits($) |
|------|--------|------------------------------------------------|---------------------------------------|-------------------|------------------------------|---------------------------------------------------------------------|
| NONE |   |                                           |                                  |              |                         |                                                                |

| Name | Benefit |  Before Change in Control Terminationw/o Cause or forGood Reason |   After Change inControlTerminationw/o Cause orfor Good Reason | VoluntaryTermination | Death  | Disability | Change inControl |
|------|---------|--------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------|----------------------|--------|------------|-----------------------|
| NONE |    |                                                                                 |                                                                                              |                 |   |       |                  |   |

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| Name and Address of Owner                                                            |   | Title of Class |   | Numberof SharesOwned (1) |   | Percentageof Class |
|--------------------------------------------------------------------------------------|--------|----------------|--------|--------------------------|--------|--------------------|
|                                                                                 |   |           |   |                     |   |               |
| Michael Borish(1)c/o Freedom11372 United WayOrlando, FL 32819                   |   | Common Stock   |   | 15,000,000               |   | 12.39%             |
| Michael Ciarlone(1)c/o Freedom11372 United WayOrlando, FL 32819                 |   | Common Stock   |   | 15,000,000               |   | 12.39%             |
| Gary Goldstein(1)1710 Lands End RoadManapan, FL  33462                |   | Common Stock   |   | 15,000,000               |   | 12.39%             |
| Harvey Blonder(1)2824 Solomon’s Island Rd.Edgewater, MD  21037  |   | Common Stock   |   | 15,000,000               |   | 12.39%             |
| Scott Levine(1)c/o Freedom11372 United WayOrlando, FL 32819                     |   | Common Stock   |   | 11,250,135               |   | 9.30%              |
| All Officers and DirectorsAs a Group (4 persons)                                |   | Common Stock   |   | 30,000,000               |   | 24.78%             |

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| Notes Payable Shareholder      | $405,819                                                   |
|--------------------------------|------------------------------------------------------------|
| Notes Payable Resort Marketing |     84,300                             |
| Accrued Interest               |  181,266                                              |
| Accounts Payable               |   89,421                                         |
| Visa RBC Centura 1702          |       5,934                  |
| RBC Centura 1694               |       7,079                  |
| Accrued Interest               |          362. |
| Accrued Compensation-CEO       | 368,183                                                    |
| Accrued Payroll – CEO    |     99,717                             |
| Advances by Shareholders       |       5,075                  |
| Total Debt Forgiven            | $1,247,155                                                 |

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ITEM 14.  PRINCIPAL ACCOUNTANT FEES AND SERVICES

ITEM 15.  EXHIBITS AND REPORTS.

|   |   |                                                                                                               |
|--------|--------|--------------------------------------------------------------------------------------------------------------------|
| 3.1    |   | Articles of Incorporation (1)                                                                                      |
| 3.2    |   | Amendments to Articles of Incorporation (1)                                                                        |
| 3.1    |   | Bylaws of the Corporation (1)                                                                                      |
| 10.1   |   | Employment Agreement Michael Borish (1)                                                                            |
| 2131.1 |   | Subsidiaries (3)Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act. (3)    |
| 31.2   |   | Certification of Principal Financial and Accounting Officer Pursuant to Section 302 of the Sarbanes-Oxley Act. (3) |
| 32.1   |   | Certification of Chief Executive Officer Pursuant to Section 906 of the Sarbanes-Oxley Act.  (3)         |
| 32.2   |   | Certification of Chief Accounting Officer Pursuant to Section 906 of the Sarbanes-Oxley Act.  (3)        |

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| RegistrantDate: June 7, 2011 |   | Freedom Environmental Services, Inc. By: /s/ Michael Borish |
|------------------------------|--------|------------------------------------------------------------------|
|                         |   | Michael Borish                                                   |
|                         |   | Chief Executive Officer (Principal Executive Officer), President |

| Date: June 7, 2011 |   | By: /s/ Michael Borish                                  |
|--------------------|--------|---------------------------------------------------------|
|               |   | Michael Borish                                          |
|               |   | Chief Financial Officer (Principal Accounting Officer), |

| Date: June 7, 2011 |   | By: /s/ Michael Borish |
|--------------------|--------|------------------------|
|               |   | Michael Borish         |
|               |   | Chairman               |

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