Puradyn Reports 2008 Fiscal Year End Financial Results

BOYNTON BEACH, FL, Apr 13 (MARKET WIRE) --
Puradyn Filter Technologies Incorporated (OTCBB: PFTI) today announced
financial results for the fiscal year ended December 31, 2008. Net sales
decreased by approximately $387,000, or 13%, from approximately $3.08
million in 2007 to approximately $2.70 million in 2008. Domestic sales
generated from U.S. operations decreased approximately $300,000, or
approximately 20%, in 2008 as compared to 2007. Although consolidated
international sales decreased by approximately $87,000, or 6%, U.S.-based
international sales increased approximately $400,000, or approximately
113%, in 2008 as compared to 2007. Net loss in 2008 was approximately
$2.64 million or ($0.08) per share, basic and diluted, as compared to a
net loss of approximately $2.44 million or ($0.09) per share, basic and
diluted, in the previous year.

Loss from operations increased to approximately $2.33 million in 2008
compared to approximately $1.88 million in 2007 due to the decrease in
international sales. Cost of sales decreased by approximately $376,000, or
13%, from approximately $2.83 million in 2007 to approximately $2.46
million in 2008. Cost of products sold, as a percentage of sales,
decreased from approximately 92% for 2007 to approximately 91% for 2008.
The majority of the decrease in our overall cost of sales is attributable
to the 13% decline in net sales.

Kevin G. Kroger, President and COO, stated, "Even though our year end
numbers were below expectations, we have been encouraged by the sales
performance of our product prior to the recent economic downturn. In 2008
we continued to make significant inroads into our markets. We received our
first U.S. Army contract to supply puraDYN(R) systems for the MRAP vehicle
family and continue to ship product for installation on trucks going to
Iraq and Afghanistan. Avis/Budget Group began installing our systems on
its buses and announced it has made our system standard on all new buses
in North America.

"Additionally, we successfully reached a milestone after several years of
work with John Deere; in August, its Forestry Division announced our
system is being installed on all equipment under contract with Russia and
specified it will be mandated on all equipment targeted for 'extreme duty'
applications."

Kroger continued, "We know 2009 is going to be a difficult economic year
with fallout from the major banking crisis and auto and home industry
issues curtailing spending, leading to a general lack of available working
capital. However, we have sized our company accordingly and still have
managed to make significant progress with companies servicing the energy,
construction and mining industries."

Kroger concluded, "We will continue our efforts with major original
equipment manufacturers and are seeing signs that oil conservation and
reduction of 'carbon footprint' are becoming key issues when purchasing
new equipment."

The Company's annual report on Form 10-K is available from the SEC website
at http://www.sec.gov or the Investors Relations section of the Company's
website at http://www.puradyn.com.

About Puradyn Filter Technologies Incorporated

Puradyn (OTCBB: PFTI) designs, manufactures and markets the puraDYN(R) Oil
Filtration System, the most effective bypass 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 equipment has been certified as a
'Pollution Prevention Technology' by the California Environmental
Protection Agency and was selected as the manufacturer used by the U.S.
Department of Energy in a three-year evaluation to research and analyze
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 FORWARD-LOOKING STATEMENTS. THESE FACTORS INCLUDE, BUT
ARE NOT LIMITED TO, THOSE DETAILED IN THE COMPANY'S PERIODIC FILINGS WITH
THE SECURITIES AND EXCHANGE COMMISSION.

Puradyn Filter Technologies Incorporated
Consolidated Statements of Operations

Years Ended December 31
2008 2007
------------ ------------

Net sales $ 2,695,640 $ 3,082,873

Costs and expenses:
Cost of products sold 2,455,916 2,831,560
Salaries and wages 1,013,438 1,074,519
Selling and administrative 1,559,394 1,061,828
------------ ------------
Total Operating Costs 5,028,748 4,967,907
------------ ------------
Loss from operations (2,333,108) (1,885,034)

Other (expense) income:

Interest income 2,291 32,516
Interest expense (313,730) (588,583)
------------ ------------
Total other expense (311,439) (556,067)
------------ ------------

Income taxes -- --

============ ============
Net loss $ (2,644,547) $ (2,441,101)
============ ============

Basic and diluted loss per common share $ (.08) $ (.09)
============ ============

Basic and diluted weighted average common
shares Outstanding 33,088,770 28,322,903
============ ============

See accompanying notes to consolidated financial statements in the
Company's 10-K.

CONTACT:
Kathryn Morris
Director
Corporate Communications
(T) 561 547 9499, x 226
investor-relations@puradyn.com
http://www.puradyn.com

Emerging Markets, LLC
Investor Relations:
Jim Painter III
321-206-6682
jamespainter@emergingmarketsllc.com
www.emergingmarketsllc.com
www.themicrocapreport.com

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