In response to a directive from its Board of Directors, the Company has begun working with Perennial Strategy Group, a Washington D.C. based lobbying firm, to assist in the allocation process of federal grants to improve the patented technology developed by HydroFlo Inc. Perennial will be charged with introducing HydroFlo and its patented and innovative technology to the agencies responsible for federal Research and Development grants.

"The water industry remains the focus of the Company, and the opportunities for Federal funding are just an additional benefit as HydroFlo moves forward to expand its presence nationally. The recent association with university laboratories worldwide enables the Company to bring technologies forward that will provide security measures for the waters in the country. By lobbying for Federal monies allocated by Congress, HydroFlo can help to introduce its new product lines to the nation. In this way, we believe that HydroFlo, Inc.'s subsidiary can expand its customer base and product offering for the benefit of the Company's shareholders," commented Dennis L. Mast, CEO and Chairman of HydroFlo, Inc.

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.

SOURCE: HydroFlo, Inc.

The program will help communities, municipalities, municipal authorities and public school districts finance improvements to their existing sewage facilities and drinking water systems using innovative or new water and wastewater technology such as those provided by HydroFlo's subsidiary, HydroFlo Water Treatment, Inc. Grants of up to $500,000 per project are being made available to make physical improvements to existing drinking water and sewage treatment facilities and systems that utilize commercially available innovations that provide significant advantages over conventional technology.

HydroFlo CEO, Dennis L. Mast, commented, "We are in contact with the Pennsylvania DEP and are in the process of making the innovative technologies offered by HydroFlo Water Treatment, Inc. (HWTI) available to customers seeking state grant money. Given the program's stated goal of using new and innovative technology, this would seem a perfect fit for HydroFlo. The more opportunities that communities, municipalities and other public entities have to avail themselves of financial resources to improve their water infrastructure, such as this grant program, the larger the potential customer base for HydroFlo becomes. We look forward to expanding our participation in these programs, since they can have a direct impact on revenues for HWTI and portfolio value for HYRF."

Pennsylvania's proposed 2004-05 budget would use $80 million over four years to enhance the health of waterways and redirect an additional $21 million a year to the Environmental Stewardship Fund to invest in groups that help revitalize communities, improve watersheds and protect the environment.

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.

Dennis Mast, Chief Executive Officer of HydroFlo, Inc., stated, "We are very pleased to retain UTEK to help identify proprietary technology acquisition opportunities to potentially expand our product line. In addition, we expect to work closely with PAX Technology Transfer Ltd., a UTEK subsidiary located in the United Kingdom, to identify potential European partners or licensees for our portfolio company's PLUS(R) wastewater pre-treatment system."

"UTEK looks forward to working with HydroFlo, Inc. to identify technology acquisition and out-licensing opportunities that fit their strategic vision," commented Clifford M. Gross, Ph.D., Chairman and Chief Executive Officer of UTEK.

Through its strategic alliance agreements, UTEK assists technology companies in enhancing their new product pipeline with the acquisition of proprietary intellectual capital from universities and laboratory research centers. Strategic alliance agreements are cancelable by either party with thirty days advance written notice.

About HydroFlo, Inc.

HydroFlo, Inc. (http://www.hydroflo.us) is a business development company, as defined by the Investment Company 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 first portfolio investment company, HydroFlo Water Treatment, Inc. (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. For more information about HydroFlo, Inc., please visit its website at http://www.hydroflo.us.

About UTEK Corporation

UTEK(R) is an innovative technology transfer company dedicated to building bridges between university-developed technologies and commercial organizations. UTEK, along with its TechEx and UVentures technology exchanges and its PAX European subsidiary identifies and transfers new technologies from universities and research centers to the marketplace. UTEK provides research-outsourcing services to commercial enterprises and technology-transfer services to research institutions. For more information about UTEK, please visit its website at http://www.utekcorp.com.

Forward-Looking Statements

Certain matters discussed in this press release are "forward-looking statements." These forward looking statements can generally be identified as such because the context of the statement will include words such as UTEK or HydroFlo, Inc. "expects," "should," "believes," "anticipates" or words of similar import. Similarly, statements that describe UTEK's or HydroFlo, Inc's. future plans, objectives or goals are also forward-looking statements. Such forward looking statements are subject to certain risks and uncertainties, including the financial performance of UTEK and HydroFlo, Inc., as appropriate, and market valuations of their respective stock, which could cause actual results to differ materially from those currently anticipated. Although UTEK and HydroFlo, Inc. believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, neither UTEK nor HydroFlo, inc., as appropriate, can give any assurance that its expectations will be attained. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating any forward-looking statements. Certain factors could cause results and conditions to differ materially from those projected in these forward-looking statements, and some of these factors are discussed below. These factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. These forward-looking statements are only made as of the date of this press release and neither UTEK nor HydroFlo, Inc. undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

UTEK's operating results could fluctuate significantly due to a number of factors. These factors include the small number of transactions that are completed each quarter, the value of individual transactions, the timing of the recognition and the magnitude of unrealized gains and losses, UTEK's dependence on the performance of companies in its portfolio, the possibility that advances in technology could render the technologies it has transferred obsolete, the loss of technology licenses by companies in its portfolio, the degree to which it encounters competition in its markets, the volatility of the stock market and the volatility of the valuations of the companies it has invested in as it relates to its realized and unrealized gains and losses, the concentration of investments in a small number of companies, as well as other general economic conditions. As a result of these and other factors, current results may not be indicative of UTEK's future performance. For more information on UTEK and for a more complete discussion of the risks pertaining to an investment in UTEK, please refer to UTEK's filing with the Securities and Exchange Commission.

SOURCE: UTEK Corporation

CONTACT: UTEK Corporation, Plant City
BPC Financial Marketing
John Baldissera, 800-368-1217
or
HydroFlo, Inc.
Investor Relations
Andrew Beyer, 909-452-6075

From Knobias.

Company CEO Dennis L. Mast commented, "Participation in events such as these help to raise the profile of HydroFlo and its patented technologies in an industry where there is a growing need for more advanced technology solutions to improve the treatment of wastewater. Municipalities and industry are seeking solutions to the expanding problems created by an aging water infrastructure in this country. Water professionals who attended this event are calling for the U.S. Congress to increase and reform the existing Drinking Water State Revolving Fund (DWSRF) to provide at least $15 billion over the next five years for infrastructure, rather than the existing $5.2 billion allocation.

"We look forward to making HydroFlo Water Treatment an important part of the solution to this national issue and providing additional portfolio value for our shareholders," added Mr. Mast.

About the Company

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 first portfolio investment company, HydroFlo Water Treatment (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 (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.

HydroFlo, Inc.
Investor Relations
Andrew Beyer
909-452-6075
info@hydroflo.us

The airings are slated to begin today in Louisville, Kentucky, and continue throughout the week in Atlanta tomorrow, in New York on May 26, in Phoenix on May 27, in Philadelphia and New Jersey on May 28, and in Houston on May 29. A full schedule and details of the broadcasts can be seen on HydroFlo's website at http://www.hydroflo.us/othermedia.asp

Dennis L. Mast, CEO of HydroFlo, Inc., commented, "The continued exposure for HydroFlo Water Treatment's innovative technology is a critical element in the efforts to gain both exposure and market share across the United States, while expanding opportunities for HydroFlo's customers to gain access to federal and state funding programs. We anticipate seeing a continued focus on HydroFlo's water solution technologies as the strain on America's aging water infrastructure becomes greater and water security issues come into clearer focus. With the increased attention, the Company believes it will be presented additional opportunities for new investment in other growing synergistic businesses."

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.

SOURCE: HydroFlo, Inc.

HydroFlo Outlines Strategic Relationship with UTEK Corporation to Identify Water Security Technology

***

> RALEIGH, N.C., May 27, 2004 (PRIMEZONE) -- HydroFlo, Inc. (OTCBB:HYRF) today outlined the Company's expectations for its strategic relationship with UTEK Corporation (AMEX:UTK) and its goal to yield technology that will help secure the nations water supply. Funding grants provided by the Department of Homeland Security are designed to assist in the development of water security technology, and HydroFlo believes that its relationship with UTEK has the potential to help to protect water supplies in the United States and around the world. HydroFlo, thru its relationship with UTEK Corporation, has access to strategic relationships with a number of universities and research centers in the United States and Europe. Dennis Mast, CEO of HydroFlo, Inc., stated, "The alliance with UTEK enables the Company to discover and market desired technology that has been researched and developed by scientists world-wide. Our job becomes one of bringing the developed technology to market throughout the world. The ability to add new technology related to water treatment and security is part of our strategy to build the size and scope of the Company to the benefit of our shareholders." About HydroFlo, Inc. 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. CONTACT: HydroFlo, Inc. Andrew Beyer (909) 587-8072 info@hydroflo.us

------------------
Due Da Due......But Be Quick About It!!!!!

RALEIGH, N.C., Oct. 29, 2004 (PRIMEZONE) -- HydroFlo, Inc. (OTC BB:HYRF.OB - News) today announced that Metals & Arsenic Removal Technology, Inc. (MARTI), the Company's subsidiary, has executed a letter of intent with Kelly International Ltd. of New Zealand to begin distribution of its arsenic removal media (ARTI-64tm).

Kelly International markets a water treatment system used in areas that do not have access to electric power. (ARTI-64tm) will be used in conjunction with other media already being used and will provide drinking water with the impurities removed. The proprietary system invented and marketed by Kelly Intl provides a method to pump the water through the filter media by means of foot or hand controls. This innovative system makes clean water accessible to all.

The countries and areas where Kelly Intl will distribute the MARTI arsenic removal media at include: India, Bangladesh, Nepal, Indonesia, Thailand, Australia, western Africa, and New Zealand. The first product shipment to Kelly Intl is expected to be sent within several weeks.

``I am pleased to be able to work with a company having the history, character, and experience of Kelly International Ltd... This agreement will allow the rapid advance into the rural areas if India, and Bangladesh, with future plans to for South America, Central America, and rural areas of North America.'' stated Mr. George Moore, COO of Metals & Arsenic Removal Technology, Inc. ``The arsenic removal technology of MARTI is expected to be a help to communities in the areas serviced by Kelly International, especially with removal of co-contaminants addressed in the process''.

Dennis Mast, CEO of HydroFlo, commented, ``It is our intention to build and expand the business of this subsidiary to meet the growing market for metals and contaminant removal throughout the world. We expect that associations with distributors such as this one to expand the business of this subsidiary to add value to HydroFlo's investment portfolio.''

About the Company

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. 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 parts per billion by January 2006.