RALEIGH, N.C., July 16, 2004 (PRIMEZONE) -- HydroFlo, Inc. (OTCBB:HYRF) today announced that Perennial Strategy Group has initiated a lobbying effort to introduce numerous federal officials to the cost-effective benefits of HydroFlo's products and will continue to assist in the effort to access potentially millions of dollars of grants and additional funding programs through the Department of Homeland Security and other governmental agencies.
Agencies that stand to benefit from the technology may include the U.S. Departments of Homeland Security, Energy, Agriculture, Defense, and Interior; the National Parks Service, and the Environmental Protection Agency.
Dennis L. Mast, CEO and Chairman of HydroFlo, Inc., commented, "We are pleased with our initial efforts in working with Perennial Strategy Group to educate the various governmental agencies on the existing and new technologies of HydroFlo. We anticipate continued interest and sincere excitement about the security technology and money saving processes we have to offer to the country."
John Milne, Principal, and Dana DeBeaumont, Director of Government Affairs, will oversee HydroFlo's federal funding and legislative strategies.
"Perennial Strategies Group is very excited to have the opportunity to introduce these types of new technologies to various government agencies. We hope to show federal agencies and appropriations decision-makers that HydroFlo technology will potentially save the government millions of dollars while providing safer drinking water for the nation," commented Mr. Milne.
Mr. Milne served as Vice President for Jefferson Government Relations in Washington, D.C., representing clients in their environmental and healthcare areas. Additionally, Mr. Milne formerly served as Director of Federal Government Affairs for 3M in Washington, D.C.
Perennial is committed to increasing client revenues and decreasing client risk by leveraging its robust business and professional experiences to provide public sector and private industry access and influence. Firm professionals guide clients through the federal legislative and regulatory maze providing multi-disciplinary perspective and advocacy before policy-makers throughout the Federal Government, as well as with private sector enterprises.
HydroFlo, Inc. (http://www.hydroflo.us) is a Business Development Company whose 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 (http://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 involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.