gibt es auch selten,oder? HydroFlo announces shareholder equity for fiscal year 2004 increased by $2.2 million
RALEIGH, N.C. — HydroFlo, Inc. (OTC BB: HYRF)has filed its 10-K with year-end financial results. Dennis Mast,CEO of HydroFlo, commented, “This annual report illustrates that the company is making progress as it works to expandthe business of HydroFlo’s subsidiaries and increase the value of the company’s investment portfolio. There are clearindications that progress has been made over the performance of the previous fiscal year with improvement inshareholder equity and a reduction in net loss. We expect continued improvement in the company’s financial performanceas subsidiaries HydroFlo Water Treatment (HWTI) and Metals & Arsenic Removal Technology (MARTI) continue togrow and capture a larger segment of the water treatment market,” added Mr. Mast. The company reported net assetshad increased to $2,432,344 as of June 30, 2004 from $148,136 for the same period last year. Total assets increased 1642% over June 30, 2003, and total liabilities decreased from $247,626 last year to only $1,781 this year. greetz joker
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