RALEIGH, N.C., April 12, 2004 (PRIMEZONE) -- HydroFlo, Inc. (OTCBB:HYRF) today announced that CEO Dennis L. Mast, participated in an audio interview, which can be heard at: (www.ceocast.com).
In the interview, Mr. Mast discussed the Company's recent election to become a Business Development Company, the activities of its first operating subsidiary, HydroFlo Water Treatment, Inc., the benefits of the recently announced $5 million funding commitment, and the potential for the acquisition of other synergistic businesses.
"It is critical at this juncture of the Company's transition to an investment holding company for investors and the public markets as a whole to understand the strategic vision of the Company. Communicating this strategy and outlining the immense potential of HydroFlo Water Treatment and other possible acquisitions is high on the list of the Company's priorities, and we will take every opportunity to effectively and consistently communicate with shareholders and other potential investors. We look forward to giving additional details regarding the activities of our Company as we move forward and strive to provide greater value for our shareholders," commented Mr. Mast.
CEOcast is a premier source of original and syndicated streaming broadcast interviews of Chief Executive Officers at public and private news-making companies with distribution to millions of on-line investors at over 700 financial Web sites as well as to more than 20,000 portfolio managers, buy-side analysts and traders at more than 3,300 North American institutions.
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 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. The company also provides a full range of related services to companies and municipalities to treat their wastewater at the treatment plant by the use of the energy efficient aeration systems in treatment lagoons.
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.