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Press Release Source: HydroFlo, Inc.
HydroFlo Resumes Financial Reporting
Friday November 16, 2:53 pm ET
APEX, NC--(MARKET WIRE)--Nov 16, 2007 -- HydroFlo, Inc. (Other OTC:HYRF.PK - News) announced today that it has resumed issuance of financial reporting documents as promised earlier this year. The first "catch-up" report published today is a 10Q report for the three month period ending September 30, 2005. Additional reports for the interim periods covering the parent corporation and all of its subsidiaries will be forthcoming as quickly as they can be processed by the independent auditors.
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George Moore, President of HydroFlo, Inc., explained, "We are very pleased that we can finally begin to return to a fully reporting corporation. Due to the many organizational changes and other difficulties encountered over the past eighteen months, it has taken us longer than originally thought to reconcile our financial information and produce these fully audited reports. With the initial and oldest overdue report now behind us, we expect to quickly catch up through the current reporting period. We continue to aggressively move forward in restoring the corporation's image as a leading supplier of technology and services to the water industry."
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 relea