PFT 1.75% Principal-Protected Notes Based Upon The Nikkei 225 Index

puraDYN Filter Technologies Incorporated (AMEX:PFT) announced today that in accordance with the notice of non-compliance received from the American Stock Exchange on April 28, 2005, it has filed its proposed plan of compliance within the deadline set by AMEX. The Company's common stock continues to be listed on the American Stock Exchange. Joseph V. Vittoria, Chairman, stated, "We believe the plan we have submitted to the AMEX addresses the issues of non-compliance and outlines our strategy in resolving these issues. We are hopeful that the AMEX will accept the plan and that our stock will continue to be listed on the Exchange." Vittoria continued, "We are now proceeding to finalization of the current, targeted equity raise and with our reduced overheads, we can now concentrate on growing the company's revenue through the many evaluations that are currently in place. "A number of investors recognize that while the Company may be facing liquidity issues, we do produce an asset needed by every type of company that uses a high volume of engine oil and whose bottom line is impacted by the rising cost of oil. "These same investors recognize that we are committed to achieving the goals set forth in our business plan and have remained supportive of the challenges we face in bringing our product to the marketplace." About puraDYN Filter Technologies Incorporated PuraDYN (AMEX:PFT) designs, manufactures and markets the puraDYN(R) Bypass Oil Filtration System, the most effective 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 $13 billion potential industry. The Company has established aftermarket programs with several of the transportation industry leaders such as Volvo Trucks NA, Mack Trucks, PACCAR; a strategic alliance with Honeywell Consumer Products Group, producers of FRAM(R) filtration products; and continues to market to major commercial fleets. PuraDYN(R) equipment has been certified as a 'Pollution Prevention Technology' by the California Environmental Protection Agency and was selected as the manufacturer used by the US 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.