In the previous PR about a Pennsylvania Golf Course installing the PLUS System, it also ends with the same paragraph as have all their PRs going back to the days they actually did search for acquisitions. So I guess they are going to buy out the golf course too? That paragraph about acquisitions was from when they were a BDC. That is what a BDC does. They are no longer a BDC and can't afford a pot to piss in. There will almost certainly be more PRs and probably more spikes, but they aren't buying anything.When they dropped BDC status they teamed up with a hedge fund called BCGU. Hedge funds are generally involved in private placement equity fund raisers. That is why under Moore, O/S has ballooned off the chart. I do have a suspicion that this old nag is good for another ride or two, but the last PR is one of many fluff bombs.
Press Release Source: HydroFlo, Inc.
Pennsylvania Country Club Places Order for HydroFlo PLUS(TM) System
Monday June 11, 6:00 am ET
APEX, NC--(MARKET WIRE)--Jun 11, 2007 -- HydroFlo Water Treatment, Inc. (HWTI), a portfolio company of HydroFlo, Inc. (Other OTC:HYRF.PK - News), announced today that a HydroFlo PLUS(TM) system has been ordered by a Pennsylvania Country Club. In April 2007, the HydroFlo Water Treatment PLUS(TM) system was specified as the preferred technology for this facility, which is located in the small town of Indiana in west central Pennsylvania. The Country Club was experiencing problems with odors and corrosion in their wastewater treatment process.
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The Plus(TM) System was preferred over traditional more costly methods. These traditional approaches typically employ the addition of chemicals and passive control systems, such as airspace biological treatment for odor control, but it was determined that the PLUS(TM) system would be more cost effective and reliable. The new system is expected to be delivered and installed within 8 weeks.
George Moore, President of HydroFlo, Inc., explained, "The HydroFlo Water Treatment PLUS(TM) system offers all types of customers the strong advantages of both competitive installation and startup costs while achieving lower operating expenses for control of odors and corrosion within the pipeline and sewer lift stations. Our technology continues to be specified as a preferred wastewater treatment solution due to its lower costs and ease of installation, operation and maintenance."
HydroFlo, Inc. is headquartered in Apex, North Carolina, and maintains a core focus to seek out synergistic acquisitions that will provide capital appreciation and income for 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.
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.
For more information, please visit www.hydroflo.us
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