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Tuesday, 10/04/2005 2:03:20 PM

Tuesday, October 04, 2005 2:03:20 PM

Post# of 18385
Press Release Source: HydroFlo, Inc.


Wasserman Morris & Co. Initiates Coverage and Issues Research Report for HydroFlo With Price Target Upgrade to $2.10
Tuesday October 4, 1:12 pm ET


RALEIGH, NC--(MARKET WIRE)--Oct 4, 2005 -- HydroFlo, Inc. (OTC BB:HYRF.OB - News) today announced that New York-based Wasserman Morris & Company, an independent investment research firm, began its initial coverage of the Company.
Wasserman Morris & Company initiated coverage with a report that upgraded the previous price target from $0.47 to $2.10 well above its current trading price while maintaining a "Speculative Buy." Their report is available for viewing at http://www.wassermanmorris.com.

In the latest report Wasserman Morris & Company's analysts explained, "We raised the previous price target from $0.47to $2.10 per share and maintained the Speculative Buy Rating of HYRF's common stock. In our opinion, HYRF is succeeding in building a portfolio of companies in the water market that will enjoy cost and revenue synergies."

Wasserman Morris & Co. is an equity research firm providing un-biased research for significantly under-followed small cap companies. Wasserman Morris & Co. distributes its research to a broad audience of institutional and individual investors seeking information on under-followed small cap stocks.

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. The mission of HydroFlo is to locate, develop, and fund innovative technologies and businesses and utilize these acquisitions to make pure water available to the world by means of disinfection, purification, and removal of contaminants. It is our belief that water can overcome hunger, disease, poverty, and improve the overall quality of life on earth.

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