RALEIGH, N.C., Sept. 1, 2004 (PRIMEZONE) -- HydroFlo, Inc. (OTCBB:HYRF) today announced that Arsenic Removal Technologies, Inc., the Company's newest subsidiary, has been re-incorporated in North Carolina and its name changed to Metals & Arsenic Removal Technology, Inc. The name change was undertaken to reflect the significant interest in the removal of metal and other contaminants to a growing segment of the water treatment market.
During the research and due diligence phases of the acquisition of Arsenic Removal Technologies, it became evident that the removal of other contaminants, such as Benzene, Cadmium, Chlorine, Copper, Lead and Mercury, all of which are hazardous to human health, was of paramount interest to an increasing number of potential customers. Combining existing technology that will allow for the removal of these other contaminants from water and coupling that ability with the arsenic removal technology that will meet the EPA requirements of less than 10 parts per billion of arsenic in drinking water is designed to enable the company to provide a product highly sought after by its target market.
"I am pleased to be able to expand the effects of our technology to remove metals and contaminants as well as arsenic. I believe that combining the arsenic removal media with other proven media will provide great health benefits to people around the world," stated Mr. George Moore, COO of Metals & Arsenic Removal Technology, Inc.
Dennis Mast, CEO of HydroFlo, commented, "It is our intention to build and expand the business of this subsidiary to meet the growing market for metals and contaminant removal and, in doing so, demonstrate our commitment to adding value to HydroFlo's investment portfolio."
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, Metals & Arsenic Removal Technology, 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.