HydroFlo changes of newly acquired Arsenic Removal Technologies
HydroFlo Inc. announced that Arsenic Removal Technologies Inc., the company's newest subsidiary, has been re-incorporated in North Carolina and its name changed to Metals & Arsenic Removal Technology Inc...
RALEIGH, NC, Sept. 1, 2004 (PRIMEZONE) -- HydroFlo Inc. announced that Arsenic Removal Technologies Inc., the company's newest subsidiary, has been re-incorporated in North Carolina and its name changed to Metals & Arsenic Removal Technology Inc.
The name change was undertaken to reflect the significant interest in the removal of metal and other contaminants to a growing segment of the water treatment market.
During the research and due diligence phases of the acquisition of Arsenic Removal Technologies, it became evident that removal of other contaminants, such as benzene, cadmium, chlorine, copper, lead and mercury, all of which are hazardous to human health, was of paramount interest to an increasing number of potential customers. Combining existing technology that will allow for the removal of these other contaminants from water and coupling that ability with the arsenic removal technology to meet the EPA requirements of less than 10 ppb of arsenic in drinking water is designed to enable the company to provide a product highly sought after by its target market.
"I am pleased to be able to expand the effects of our technology to remove metals and contaminants as well as arsenic. I believe that combining the arsenic removal media with other proven media will provide great health benefits to people around the world," said George Moore, COO of Metals & Arsenic Removal Technology Inc.
HydroFlo CEO Dennis Mast said, "It is our intention to build and expand the business of this subsidiary to meet the growing market for metals and contaminant removal and, in doing so, demonstrate our commitment to adding value to HydroFlo's investment portfolio."
About the HydroFlo
HydroFlo Inc. (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. Its most recent investment company, Metals & Arsenic Removal Technology Inc. is in the business of providing methods and services for the removal of arsenic from drinking water to meet the current EPA requirements of less than 10 ppb by January 2006.