SOURCE: HydroFlo, Inc.

October 06, 2005 12:34 ET

/ CORRECTION - HydroFlo, Inc.

RALEIGH, NC -- (MARKET WIRE) -- October 6, 2005 -- In the news release, "HydroFlo Portfolio Company MARTI Values EYII Contract Announced Yesterday at $210,000,000 Over Next 2 Years," issued Wednesday, September 28, 2005, by HydroFlo, Inc., we are advised by the company that the first paragraph should read, "Metals & Arsenic Removal Technology, Inc. (MARTI), a portfolio company of HydroFlo, Inc. (OTC BB: HYRF) Values EYII Contract Announced Yesterday (based on 8K filed by EYII) at $210,000,000 Over Next 2 Years. While the EYI contract details these purchase amounts, purchase orders, and/or letters of credit have not yet been issued, and certain requirements must be met," rather than "Metals & Arsenic Removal Technology, Inc. (MARTI), a portfolio company of HydroFlo, Inc. (OTC BB: HYRF) Values EYII Contract Announced Yesterday (based on 8K filed by EYII) at $210,000,000 Over Next 2 Years."

Complete corrected text follows.

HydroFlo Portfolio Company MARTI Values EYII Contract at $210,000,000 Over Next 2 Years

MARTI Pitcher & Filters to Be Distributed Throughout China

RALEIGH, NC -- 09/28/05 -- Metals & Arsenic Removal Technology, Inc. (MARTI), a portfolio company of HydroFlo, Inc. (OTC BB: HYRF) Values EYII Contract Announced Yesterday (based on 8K filed by EYII) at $210,000,000 Over Next 2 Years. While the EYI contract details these purchase amounts, purchase orders, and/or letters of credit have not yet been issued, and certain requirements must be met.

Metals & Arsenic Removal Technology, Inc. (MARTI) is an international provider of water treatment solutions, treating water for industrial, municipal and residential customers. MARTI markets, designs, builds, and installs water filtration and treatment systems for the removal of arsenic in drinking water. Water contaminated with bacteria, viruses and poisonous toxins is killing people. The ARTI-64™ media combination is one of the most effective methods to eliminate and reduce these pollutants in order to provide clean potable water to the world.

HydroFlo (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. The mission of HydroFlo, Inc. is to acquire and develop innovative technologies and businesses that will improve the quality of water throughout the world by means of detection, treatment, and removal of contaminants. By so doing, our most precious resource can be rendered safe and abundantly available for all future generations, and thereby, improve the quality of life on Earth.

Forward-Looking Statements

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.

Contact Information

  • Contact:
    HydroFlo, Inc.
    Rebecca Morgan
    Investor Relations
    Email Contact
    919-772-9925