RALEIGH, N.C., Aug. 09, 2004 (PRIMEZONE) -- HydroFlo, Inc. (OTCBB:HYRF) today announced that Arsenic Removal Technologies, Inc., the Company's newest subsidiary, has begun building its professional team with the addition of Mr. George Moore IIII as Chief Operations Officer (COO).
In the position of COO, Mr. Moore will be responsible for the duties of conducting research and development for additional applications of the technology, developing a sales and marketing program, implementing cost control programs, and managing the day-to-day operations of the company.
"I am excited to join an innovative and fast growing company like HydroFlo," stated Mr. Moore. "I believe in the effectiveness of the methods of Arsenic Removal Technology and look forward to introducing it to the worldwide marketplace."
Mr. Moore brings outstanding global experience; his work history having spanned North and South America, Europe, Asia, and the Caribbean. Companies worked for and positions held have included Water Tech Inc. as Senior Account Manager in the Mid Atlantic region from 2001 to 2004, American Chemical Company as Executive Vice president from 1995 to 2001, NALCO Chemical Company as a District Sales Engineer where he serviced the United States east of the Mississippi River (1989-1995), Takeda Chemical Company as a Production Manager in their American plant and for an extended period in their Japanese plant (1985 to 1989), and with Pfizer Chemical Company from 1974 to 1985 as a research chemist in their process development labs.
Mr. Moore is listed as a team member on three U.S. Patents and holds several U.S. patents and three registered inventions in his own name. His education and background includes Chemistry, Biology, and Mechanical Engineering degrees from the University of North Carolina at Wilmington and CFCC.
"We are pleased to begin working with Mr. Moore and feel fortunate for being able to attract such a knowledgeable individual to build and expand the business of Arsenic Removal Technologies as part of our commitment to add value to HydroFlo's investment portfolio," said Dennis Mast, CEO of HydroFlo.
About the Company
HydroFlo, Inc. (http://www.hydroflo.us) is a Business Development Company, as defined by the Investment Act of 1940. Headquartered in Raleigh, North Carolina, HydroFlo's core focus is to seek out synergistic acquisitions that will provide capital appreciation and income from its portfolio companies. Its most recent investment company, Arsenic Removal Technologies, Inc. is in the business of providing methods and services for the removal of arsenic from drinking water to meet the current EPA requirements of less than 10 parts per billion by January 2006.
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.