Nocopi Technologies, Inc., West Conshohocken, Pa., Posts 120% Increase in Gross Profit...

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Mon Mar 31, 2008 11:20am EDT

Nocopi Technologies, Inc., West Conshohocken, Pa., Posts 120% Increase in
Gross Profit for 2007 over 2006

    WEST CONSHOHOCKEN, Pa., March 31 /PRNewswire-FirstCall/ -- Nocopi
Technologies, Inc., (OTC Bulletin Board: NNUP) announced today that the
Company has posted a gross profit of $845,300 for 2007, up approximately 120%
from $385,000 in 2006 and net income of $386,000 in 2007 compared to a net
loss of $190,100 in 2006, due primarily to increased licensing revenues and
product sales in its Entertainment and Toy Products business.  Revenues for
2007 were $1,393,800, an increase of approximately 82%, from $766,500 in 2006.
The Company believes that revenues from licensees in the Entertainment and Toy
Products market will grow in the future.
    "Nocopi's progress is continuing as reflected by our growth in revenues
and profit for 2007" said Michael A. Feinstein, M.D., Chairman and Chief
Executive Officer of the Company. "We continue to be very pleased with the
excellent relationship we have with our publishing partners, who during 2007
successfully launched a number of new children's activity products that
incorporate our technology.  We work as a team with our partners, and we are
actively involved in the process of developing new and innovative products for
kids of all ages.
    Nocopi has benefited from the growth in revenues since we decided in 2003
to develop specific technologies for applications in the large entertainment
and toy products market. Nocopi expects more progress as we continue to
introduce new and improved innovations targeting this market."
Dr. Feinstein also said, "We have recently developed and are currently
marketing a new application in response to recent legislation requiring
tamper-resistant features beginning in April 2008 in prescription pads used by
physicians nationwide for patients enrolled in Medicaid Programs. Information
about the availability of our Secure Rub Tamper Resistant Prescription Pads
has been discussed by us in meetings with Health Professionals including the
leadership of the United States Pharmacopeia. We also feature this new product
as well as others on our new website www.nocopi.com.
    We are continuing to research, develop, and offer technologies ideal for
our other business applications which include developing solutions against
counterfeiting, product diversion, document security, and authentication via
patented technologies including invisible inks, color changing inks, reactive
thread and document security inks and paper products.
    I am pleased to announce the appointment of Rich Selah as our new Director
of Security Sales. Rich is designing business development programs focusing on
product and document security."
    The current Form 10-KSB can be accessed at the U.S. Securities and
Exchange Commission website http://www.sec.gov/.
    FORWARD-LOOKING INFORMATION
    The foregoing contains forward-looking information within the meaning of
The Private Securities Litigation Act of 1995. Such forward-looking statements
involve certain risks and uncertainties. Actual results may differ materially
from such forward-looking statements (a summary of which may be found in the
Company's Annual Report on Form 10-KSB for the year ended December 31, 2007
under the caption "Risk Factors"). The Company does not undertake to publicly
update or revise its forward-looking statements even if experience or further
changes make it clear that any projected results (expressed or implied) will
not be realized.
SOURCE  Nocopi Technologies, Inc.

Rudolph Lutterschmidt, Chief Financial Officer, Nocopi Technologies, Inc.,
+1-610-834-9600
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