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HydroFlo tells Shine Holdings " Not so fast..."
Press Release Source: HydroFlo, Inc.
HydroFlo Affirms Patent Information for the HydroFlo PLUS(TM) System
Tuesday January 30, 12:30 pm ET
APEX, NC--(MARKET WIRE)--Jan 30, 2007 -- HydroFlo, Inc. (Other OTC:HYRF.PK - News) announced today that the January 16, 2007 press release issued by Shine Holdings, Inc. (Other OTC:SHDG.PK - News) contained material errors in its facts.
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In its January 16, 2007 press release, Shine Holdings implied that it possessed the rights to a patented wastewater odor control system. The Shine press release states that the odor control system was patented by Dennis L. Mast and licensed to HydroFlo, Inc. The correct statement should have read that the odor control system was invented by Dennis L. Mast, filed on January 11th 2000, patented and assigned to HydroFlo, Inc. on September 4th, 2001. Since its inception and original assignment, HydroFlo has maintained all rights and ownership of this intellectual property and has not licensed any distributor or manufacturer's representative to produce this system. The patent may be found at the US Patent and Trademark website (www.uspto.gov/) by searching for patent number 6,284,138.
In addition, certain references were made to the PLUS(TM) system for odor control. The corrected reference should have been the "HydroFlo PLUS(TM) System" since the intellectual property is owned by HydroFlo, Inc. Finally, the Shine press release stated, "This is not just a fanciful notion on our parts; sites have already been located and have gone operational in Florida, North Carolina, South Carolina, Washington State and elsewhere."
While no HydroFlo PLUS(TM) systems are installed in Florida, the remaining mentioned sites in North Carolina, South Carolina and Washington State are all prior installations by HydroFlo, Inc. and should not be interpreted as installations resulting from the efforts of Shine Holdings.
HydroFlo, Inc. is headquartered in Apex, 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, 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. For more information, please visit www.hydroflo.us.
HydroFlo tells Shine Holdings " Not so fast..."
Press Release Source: HydroFlo, Inc.
HydroFlo Affirms Patent Information for the HydroFlo PLUS(TM) System
Tuesday January 30, 12:30 pm ET
APEX, NC--(MARKET WIRE)--Jan 30, 2007 -- HydroFlo, Inc. (Other OTC:HYRF.PK - News) announced today that the January 16, 2007 press release issued by Shine Holdings, Inc. (Other OTC:SHDG.PK - News) contained material errors in its facts.
ADVERTISEMENT
In its January 16, 2007 press release, Shine Holdings implied that it possessed the rights to a patented wastewater odor control system. The Shine press release states that the odor control system was patented by Dennis L. Mast and licensed to HydroFlo, Inc. The correct statement should have read that the odor control system was invented by Dennis L. Mast, filed on January 11th 2000, patented and assigned to HydroFlo, Inc. on September 4th, 2001. Since its inception and original assignment, HydroFlo has maintained all rights and ownership of this intellectual property and has not licensed any distributor or manufacturer's representative to produce this system. The patent may be found at the US Patent and Trademark website (www.uspto.gov/) by searching for patent number 6,284,138.
In addition, certain references were made to the PLUS(TM) system for odor control. The corrected reference should have been the "HydroFlo PLUS(TM) System" since the intellectual property is owned by HydroFlo, Inc. Finally, the Shine press release stated, "This is not just a fanciful notion on our parts; sites have already been located and have gone operational in Florida, North Carolina, South Carolina, Washington State and elsewhere."
While no HydroFlo PLUS(TM) systems are installed in Florida, the remaining mentioned sites in North Carolina, South Carolina and Washington State are all prior installations by HydroFlo, Inc. and should not be interpreted as installations resulting from the efforts of Shine Holdings.
HydroFlo, Inc. is headquartered in Apex, 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, 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. For more information, please visit www.hydroflo.us.