RALEIGH, N.C., Oct. 29, 2004 (PRIMEZONE) -- HydroFlo, Inc. (OTCBB:HYRF) today announced that Metals & Arsenic Removal Technology, Inc. (MARTI), the Company's subsidiary, has executed a letter of intent with Kelly International Ltd. of New Zealand to begin distribution of its arsenic removal media (ARTI-64tm).
Kelly International markets a water treatment system used in areas that do not have access to electric power. (ARTI-64tm) will be used in conjunction with other media already being used and will provide drinking water with the impurities removed. The proprietary system invented and marketed by Kelly Intl provides a method to pump the water through the filter media by means of foot or hand controls. This innovative system makes clean water accessible to all.
The countries and areas where Kelly Intl will distribute the MARTI arsenic removal media at include: India, Bangladesh, Nepal, Indonesia, Thailand, Australia, western Africa, and New Zealand. The first product shipment to Kelly Intl is expected to be sent within several weeks.
"I am pleased to be able to work with a company having the history, character, and experience of Kelly International Ltd... This agreement will allow the rapid advance into the rural areas if India, and Bangladesh, with future plans to for South America, Central America, and rural areas of North America." stated Mr. George Moore, COO of Metals & Arsenic Removal Technology, Inc. "The arsenic removal technology of MARTI is expected to be a help to communities in the areas serviced by Kelly International, especially with removal of co-contaminants addressed in the process".
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 throughout the world. We expect that associations with distributors such as this one to expand the business of this subsidiary to add 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.