BOYNTON BEACH, FL, Apr 09 (MARKET WIRE) --
Puradyn Filter Technologies Incorporated (OTCBB: PFTI) today announced it
received
purchase orders totaling over $1,100,000 for 3,000 puraDYN(R) oil filtration
systems and 5,800 filters from one of its international distributors. The
systems
and filters are scheduled to be shipped in specific allotments throughout
2008 and 2009. Following installation, these systems will require an estimated
9,000 to 12,000 replacement filters annually. This is the Company's first
order to date of this magnitude.
Joseph Vittoria, Chairman and CEO, Puradyn, said, "We are extremely
pleasedwith the interest developing around the world for our products, partially
as a
result of oil prices soaring to more than $100 a barrel. Puradyn has seen
progress in supplying bypass oil filtration to international consumers over the
past few years, but the last six months have shown an increase in activity.
This is a strong confirmation of the need for bypass oil filtration
technology.
"The effort to reduce oil consumption and improve the environment is clearly
becoming more apparent from our overseas distributors. This distributor, in
particular, quickly grasped the product's concept and was able to penetrate
the market, showing end-users a cost-efficient way to conserve oil and lower
oil purchases up to 90%. We will be continuing our expansion into new
applications in this territory."
Vittoria concluded, "The performance of the puraDYN(R) Oil Filtration
Systems is
gaining momentum as oil prices continue to move upward. The ability of the
puraDYN filtration systems to remove solid, liquid, and gaseous contaminants
from engine, transmission and hydraulic oil; and maintain the engine oil's
chemical balance throughout by slowly replacing the base additives keeps the
equipment operating on continuously clean oil. When the equipment is running
at optimum efficiency, fuel consumption is improved, thereby reducing
harmful emissions. The puraDYN(R) system works well with engines or hydraulic
equipment using any type of fuel -- diesel, gasoline, propane, natural gas or
biodiesel."
About Puradyn Filter Technologies Incorporated
Puradyn (OTCBB: PFTI) designs, manufactures and markets the puraDYN(R) Oil
Filtration System, the most effective bypass oil filtration product on the
market today. It continuously cleans lubricating oil and maintains oil
viscosity to safely and significantly extend oil change intervals and engine
life. Effective for internal combustion engines, transmissions and hydraulic
applications, the Company's patented and proprietary system is a
cost-effective and energy-conscious solution targeting an annual $15 billion
potential industry. puraDYN(R) equipment was selected as the manufacturer
used by the US Department of Energy in a three-year evaluation to research and
analyze the performance, benefits and cost analysis of bypass oil filtration
technology.
STATEMENTS IN THIS PRESS RELEASE WHICH ARE NOT HISTORICAL DATA ARE
FORWARD-LOOKING STATEMENTS WHICH INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES
OR OTHER FACTORS NOT UNDER THE COMPANY'S CONTROL, INCLUDING BUT NOT LIMITED TO
THE
POSSIBLE INABILITY TO RAISE CAPITAL FUNDS, LACK OF PROTECTION FROM
INTELLECTUAL PROPERTY, VULNERABILITY BECAUSE OF MANUFACTURING A LIMITED
NUMBER OF PRODUCTS, DEPENDENCE ON DISTRIBUTORS, ORDERS PREVIOUSLY STATED IN THIS
PRESS
RELEASE MAY NOT MATERIALIZE, AND THE POSSIBILITY THAT THE PRODUCTS DO NOT
MEET CUSTOMERS' NEEDS, WHICH MAY CAUSE ACTUAL RESULTS, PERFORMANCE OR
ACHIEVEMENTS OF THE COMPANY TO BE MATERIALLY DIFFERENT FROM THE RESULTS,
PERFORMANCE
OR OTHER EXPECTATIONS IMPLIED BY THESE STATEMENTS. THESE FACTORS INCLUDE,
BUT ARE NOT LIMITED TO, THOSE DETAILED IN THE COMPANY'S PERIODIC FILINGS WITH
THE SECURITIES AND EXCHANGE COMMISSION.
CONTACT:
Kathryn Morris
Director, Corporate Communications
(T) 561 547 9499, x 226
investor-relations@puradyn.com
http://www.puradyn.com
Copyright 2008, Market Wire, All rights reserved.
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