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NewsBot Date: August 2, 2006 02:29:00 PM
HDRX News Hendrx Announces Appointment of Chief Executive Officer
VANCOUVER, British Columbia--(BUSINESS WIRE)--Aug. 2, 2006--Hendrx Corp. (OTCBB:HDRX) ("Hendrx") announced yesterday that the Board of Directors has appointed Mr. George Solymar, one of Hendrx's Directors, as the company's new Chief Executive Officer. Mr. Solymar brings 27 years of expertise in the water industry to his new CEO position with the Company.
Mr. Solymar's appointment as the CEO of Hendrx signals a sharply refocused and expanded global and U.S. marketing strategy for the Company in the manufacture and distribution of its high-demand water generation, filtration and purification devices -- including a burgeoning market for home/office applications for the company's water-from-air Atmospheric Water Generator (AWG) units to compete in the bottled-water industry.
Prior to joining Hendrx, Mr. Solymar had a long and distinguished career with Puroflow, Inc., a NASDAQ-listed company, culminating as CEO and Chairman of the Board of that company. Business Week Magazine cited Puroflow in its roster of "Best 100 Small Companies" during Mr. Solymar's tenure with the company.
Earlier, Mr. Solymar had successively served as General Manager and President of Puroflow and its Subsidiaries, Ultra Dynamics and Decca Valves; as Vice President of Marketing for Puroflow and its Subsidiaries; and, prior to that, as Vice President Engineering for the same group.
An acknowledged expert in water industry engineering and marketing, Mr. Solymar also developed a variety of fluid filtration and purification technologies for Puroflow -- such as Belloflow (filter technology) and Puroglow (UV light purification technology) -- that are currently held under a variety of U.S. and foreign patents.
Robert De Costa, the Company's former Chief Executive Officer and a member of the Hendrx Board of Directors, resigned from both positions effective July 24th 2006. "Mr. De Costa has been a highly valued member of our team. We wish him continued success in his new position," said Cherry Cai, Hendrx's Chief Financial Officer.
ABOUT HENDRX CORP.
Hendrx is engaged in the research, development, manufacture, marketing and worldwide distribution of water generation, filtration, ionization, and purification devices. Hendrx's products include AWG units, Alkaline Calcium Ionic Water Dispensers, Reverse Osmosis ("RO") devices and RO under sink systems, as well as carbon filtration devices.
AWG "self-contained" products extract moisture from the atmosphere and transform it into pure, healthy, drinking water with no plumbing hook-ups or water lines. This technology taps into a virtually unlimited supply of water from the atmosphere and creates clean potable water that meets or surpasses international water quality standards. Current distribution to over 40 countries worldwide targets the residential, commercial, industrial, government and humanitarian markets.
The opinions and statements contained herein are accurate as of the date on which same are made, are not guarantees of future outcomes which may involve numerous and certain risks, uncertainties or assumptions that are difficult to predict, and many or most of which may be beyond the control or influence of the management at Hendrx. Therefore, actual outcomes and results could materially differ from what is expressed, implied, or forecast in such forward-looking statements.
Hendrx assumes no obligation to update the information contained in this press release. Hendrx's future results may be impacted by risks associated with rapid technological change, new product introductions, existing or new competition, new technological developments and implementations, managing growth, execution issues associated with new technology and product developments and enhancements, ramping manufacturing production to meet demand, our working capital needs and access to such working capital, potential fluctuations in quarterly operating results, adjustments to these amounts which may be reflected in our quarterly filings, competition, financial and budgetary constraints of prospects and customers, international order delays, dependence upon sole and limited source suppliers, any future unknown governmental inquiries and investigations, fluctuations in component pricing, government regulations, distributor performance and results, dependence upon key employees, and our ability to retain employees. Hendrx's future results may also be impacted by other risk factors listed from time to time in its filings with the Securities and Exchange Commission, including, but not limited to, Hendrx's Annual Report on Form 10-KSB and Quarterly Reports on Form 10-QSB. Hendrx's public filings may be viewed at www.sec.gov.
The statements made herein are independent statements made solely by management of Hendrx. The inclusion of any third parties does not represent an endorsement of any Hendrx products or services by any such third parties.
