RALEIGH, N.C., Oct. 19, 2004 (PRIMEZONE) -- HydroFlo, Inc. (OTCBB:HYRF) is pleased to announce that the Company's CEO, Dennis L. Mast, is featured in an interview by WallSt.net. The interview covers the company's two current subsidiaries and upcoming milestones expected from each division. The exciting growth of its main subsidiary, HydroFlo Water Treatment, Inc. was highlighted and features Mr. Mast's personal insights into the company's growth to date. To hear the entire interview, visit www.wallst.net. The interview can be accessed either by locating the ticker symbol (HYRF) on the left hand column under the appropriate exchange, or by entering the company's trading symbol (HYRF) in the Audio Search window.
Noted during the interview was the news that in the next 12-18 months the company is anticipating associations with distributors and purchases from end users of its arsenic removal media and process, as well as purchases of the HydroFlo Water Treatment systems from municipal and industrial clients.
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 first portfolio investment company, HydroFlo Water Treatment, 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. 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.