RALEIGH, N.C., Nov. 4, 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 proprietary system which provides a method to pump the water through the filter media by means of foot or hand controls. The distribution agreement will include all areas of the Americas.
The non-electric system is a manually operated water treatment "platform" that will provide significant quantities of potable water safe from bacteriological and arsenic contaminated water anywhere -- particularly in the 100,000's of villages in the world without electricity.
"I am pleased to be able to provide the system developed by Kelly International, Ltd. for communities in 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 all areas needing contaminate free drinking water, especially with removal of co-contaminants addressed in the process."
With the ability of providing this system, MARTI will be able to market a water treatment system to be used in all areas of North, Central, and South America that do not have access to electric power. (ARTI-64(tm)) will be used in conjunction with other media already being used and will provide drinking water with the impurities removed. This innovative system makes clean water accessible to all.
"We are delighted to have an association with MARTI, whose principals are like-minded people with the same values as the Kelly's -- all wishing to make a significant difference to the well-being of millions of people in the world who need it the most," stated Russell Kelly, principal of Kelly International. "For the very first time, any remote village in the world, whether their water source is well water or surface water, will now be able to provide their people with water that is safe from microbiological contamination -- even if the village is knee deep in floodwaters which is often the case in Bangladesh and other low lying countries."
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 the ability to provide water treatment and purification to all areas worldwide will expand the business of this subsidiary to add value to HydroFlo's investment portfolio."
About Kelly International:
Kelly International, Ltd. is a family owned water treatment company operating in New Zealand for the past 15 years. The Kellys have committed considerable funding towards developing and supporting innovative technologies in water and closely related fields. The criterion for assessing any new technology has always been 'How could this best be applied in a developing country?'
About HydroFlo:
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.