RALEIGH, N.C., Aug. 26, 2004 (PRIMEZONE) -- HydroFlo, Inc. (OTCBB:HYRF) today announced that its subsidiary, HydroFlo Water Treatment, has received an order for two, 250 gallon per minute (gpm) HydroFlo aeration units from Valley Water Technology, which are to be installed at a food processing plant site in Washington state.
Valley Water had ordered and placed two units of the same size at the same facility near the end of 2002. The client had a problem with odors being generated during the use of their process water onto spray fields. While chemical controls had been attempted prior to the installation of the HydroFlo units, the results were inconsistent, inadequate and expensive. With the installation of the HydroFlo systems, the problem was corrected and the systems have been operating favorably for over two years. The units of the recent order will be used to treat the increased volume of wastewater at the plant.
"We are pleased to provide these units to Valley Water after such an early success from the installation of the first units. The HydroFlo systems have worked well with the recycled water, and we fully anticipate that the food processing industry in general can expect similar consistent and efficient treatment," said Tom Barbee, COO of HydroFlo Water Treatment, Inc.
HydroFlo, Inc. CEO, Dennis L. Mast, commented, "A second order such as this at a food processing plant, as well as the recent addition of the ConAgra family of food companies to the HydroFlo Water Treatment potential client base shows that our technology is well suited for this industry. We continue to pursue additional well-founded opportunities to build revenue in our subsidiary companies and increase the value of HydroFlo's investment portfolio."
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. 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.