Richard Davies wrote: The UK has a good crop of technology pioneers in cloud computing - for example ElasticHosts, FlexiScale, Flexiant, OnApp - and also some strong government initiatives such as G-Cloud.
We will have to see whether this kind of technical leadership converts into swift mass-market adoption or not.
CARY, NC -- (MARKET WIRE) -- 10/10/06 -- Shine Holdings, Inc. (PINKSHEETS: SHDG) today
announces that Pipeline Treatment Systems (PTS), the Company's subsidiary,
has executed a letter of intent with HydroFlo, Inc. (PINKSHEETS: HYRF), to
begin distribution of its patented PLUS(TM) System. The distribution
agreement includes both domestic and worldwide markets.
The PLUS(TM) system eliminates hydrogen sulfide odor and reduces sludge at
municipal and industrial treatment plants. It has provided dramatically
increased handling capacity for existing wastewater treatment plants in
varied locations across the country.
"I am positively delighted to be able to provide the system invented and
patented by Dennis Mast and since implemented by HydroFlo," stated Mr.
Brett Swailes, CEO of Shine Holdings, Inc. "It is our intention to build
and expand the business of our subsidiary to meet the exploding global
market for efficient waste removal. This environmentally workable, cost
effective water treatment will expand the business of PTS and add
substantial value to Shine Holdings."
About HydroFlo:
HydroFlo, Inc. (http://www.hydroflo.us) is a Business Development Company,
as defined by the Investment Act of 1940. 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. Its investment company, HydroFlo Water Treatment, Inc. designs
and sells the HydroFlo Plus systems providing a method and service for
treating wastewater in the force main collection system, thus controlling
odors and protecting the infrastructure of the system with limited chemical
use.
About Shine Holdings
Shine Holdings, Inc., headquartered in Cary, North Carolina, has a core
focus of seeking out and acquiring biology and technology companies and
their methodologies that will provide shareholders with capital
appreciation and income. The mission of Shine Holdings is to make long-term
contributions to water processing by purification, filtration and removal
of contaminants from water. It is our belief that water can overcome
disease and poverty, thereby improving the overall quality of life on
earth.
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:
Shine Holdings, Inc.
Investor Relations
919-654-3014