RALEIGH, N.C., May 21, 2004 (PRIMEZONE) -- HydroFlo, Inc. (OTCBB:HYRF) today announced that the Company has retained Perennial Strategy Group to help introduce to federal officials the cost-effective benefits of HydroFlo's products and to assist in the effort to access potentially billions of dollars of grants and additional funding programs through the Department of Homeland Security and other governmental agencies.
Perennial will work with members of Congress, including the North Carolina delegation, committees with interest in water issues, and with other elements of U.S. leadership to highlight HydroFlo's capabilities in helping to ensure a safe and contaminant-free water supply. Included in this effort will be a continuation of the process of identifying and matching Research and Development funding opportunities for advanced product development with customers who are seeking financing to improve critical areas of U.S. water infrastructure.
John Milne, Principal, and Dana DeBeaumont, Director of Government Affairs for Perennial, will oversee HydroFlo's federal funding and legislative strategies. "We are pleased to have the opportunity to work with HydroFlo," said Mr. Milne. "It is not often that you get a chance to introduce decision-makers to technology that will potentially save government millions of dollars while providing safer drinking water."
Mr. Milne served as Vice President for Jefferson Government Relations in Washington, D.C., representing clients in their environmental and healthcare areas. Additionally, Mr. Milne formerly served as Director of Federal Government Affairs for 3M in Washington, D.C.
Dennis L. Mast, CEO and Chairman of HydroFlo, Inc., commented, "The Company continues to be optimistic regarding the funding opportunities for water quality and security projects through state and federal governments, and Perennial provides the expertise to assist us in accessing this type of financing for our customer base. We plan to commit the necessary resources to this effort, and our association with Perennial is an important step in this direction."
About Perennial Strategy Group
Perennial is committed to increasing client revenues and decreasing client risk by leveraging its robust business and professional experiences to provide public sector and private industry access and influence. Firm professionals guide clients through the federal legislative and regulatory maze providing multi-disciplinary perspective and advocacy before policy-makers throughout the Federal Government, as well as with private sector enterprises.
HydroFlo, Inc. (http://www.hydroflo.us) is a Business Development Company whose core focus is to seek out synergistic acquisitions that will provide capital appreciation and income from its portfolio companies. Its first portfolio investment company, HydroFlo Water Treatment (http://www.hydroflo-inc.com) is in the business of providing aeration equipment used for the pre-treatment of wastewater. Using the patented Pressure Line Up-Stream or PLUS pre-treatment system, HydroFlo Water Treatment provides customers a treatment process at their pumping stations, prior to the wastewater reaching a treatment plant.
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 involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.