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Wasserman Morris & Co. Initiates Coverage and Issues Research Report for HydroFlo...
04.10.05 19:13
Wasserman Morris & Co. Initiates Coverage and Issues Research Report for HydroFlo With Price Target Upgrade to $2.10
RALEIGH, NC, Oct 04 (MARKET WIRE) --
HydroFlo, Inc. (OTC BB: HYRF) 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.
Its portfolio investment companies include: HydroFlo Water Treatment,
Inc.,www.hydroflo-inc.com, a business providing pre-treatment of wastewater by
use of the PLUS pre-treatment system which provides a treatment process at
the municipal pumping stations prior to the wastewater reaching a
treatmentplant; Metals & Arsenic Removal Technology, Inc., www.martiinc.com a
business providing proprietary and innovative methods and services for the
removal of arsenic from drinking water to meet the current EPA
requirementsof less than 10 parts per billion in drinking water by January 2006;
and
Safety Scan Technology, Inc., www.safety-scan.com a business that provides
methods
and equipment for the noninvasive testing of municipal, industrial, and potable
water
to insure safety.
HydroFlo, Inc. Mission Statement
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.
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.
Contact:
HydroFlo, Inc.
Investor Relations
Rebecca Morgan
919-772-9925
Contact via http://www.marketwire.com/mw/emailprcntct?id=05A45739AE4D6CAB
Copyright 2005, Market Wire, All rights reserved.
-0-
Wasserman Morris & Co. Initiates Coverage and Issues Research Report for
HydroFlo With Price Target Upgrade to $2.10
RALEIGH, NC, Oct 04 (MARKET WIRE) --
HydroFlo, Inc. (OTC BB: HYRF) 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.
Its portfolio investment companies include: HydroFlo Water Treatment,
Inc.,www.hydroflo-inc.com, a business providing pre-treatment of wastewater by
use of the PLUS pre-treatment system which provides a treatment process at
the municipal pumping stations prior to the wastewater reaching a
treatmentplant; Metals & Arsenic Removal Technology, Inc., www.martiinc.com a
business providing proprietary and innovative methods and services for the
removal of arsenic from drinking water to meet the current EPA
requirementsof less than 10 parts per billion in drinking water by January 2006;
and
Safety Scan Technology, Inc., www.safety-scan.com a business that provides
methods
and equipment for the noninvasive testing of municipal, industrial, and potable
water
to insure safety.
HydroFlo, Inc. Mission Statement
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.
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.
Contact:
HydroFlo, Inc.
Investor Relations
Rebecca Morgan
919-772-9925
Contact via http://www.marketwire.com/mw/emailprcntct?id=05A45739AE4D6CAB
Copyright 2005, Market Wire, All rights reserved. Jetzt ein Bier;-)) greetz joker
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