RALEIGH, N.C., March 31, 2004 (PRIMEZONE) -- HydroFlo, Inc. (OTCBB:HYRF) today announced that the Company has launched its new corporate website, www.hydroflo.us, which is designed to feature its investment portfolio and provide shareholders and the public markets with the most up-to-date information on its activities as a Business Development Company.
The website provides information on HydroFlo, Inc.'s first operating subsidiary, HydroFlo Water Treatment, Inc. (HWTI), as well as information on HWTI's patented and proprietary water treatment technologies. Additionally, interested visitors are encouraged to subscribe to the Company's investor mailing list, providing the opportunity for shareholders and other market participants to receive press releases, links to new SEC filings, newsletters, and any other written material disseminated by HydroFlo, Inc. The mailing list can be found at www.hydroflo.us/mailing.asp.
Dennis L. Mast, CEO of the Company, commented, "The launch of our new website is a critical step in communicating the vision and strategic objectives of HydroFlo, Inc. as an investment holding company. We look forward to establishing open lines of communication with both our existing shareholders and potential investors by consistently sending notices, press releases, newsletter and other current information related to the Company and its portfolio companies through our mailing list. The website will also be regularly updated to include new information, particularly the performance of HydroFlo Water Treatment, Inc. and other portfolio companies that may be targeted for acquisition in the future."
About the Company
HydroFlo, Inc. (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 first portfolio investment company, HydroFlo Water Treatment (www.hydroflo-inc.com), is in the business of providing aeration equipment used for the pre-treatment of wastewater. Using the patented Pressure Line Up-Stream or PLUS pre-treatment system, HydroFlo Water Treatment provides customers a treatment process at their pumping stations, prior to the wastewater reaching a treatment plant.
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.