puraDYN Chairman Increases Stock Holdings

    BOYNTON BEACH, Fla.--April 19, 2001--puraDYN Filter Technologies Inc. (OTC BB: PFTI) today disclosed that Joseph V. Vittoria, Chairman of the Board, and a major shareholder, has been continuing to increase his current stockholder position in the Company and has indicated he will make purchases of up to an additional 10,000 shares in the open market.
    Mr. Vittoria noted that his decision to continue to purchase shares in the open market is based on his conviction of the underlying value in present market levels coupled with the Company's progress in penetrating the market potential that exists for its by-pass oil filtration system. He further stated that the fulfillment of this potential is evidenced by outstanding industry-wide recognition that the system is currently receiving for its competitive superiority. He said this latest recognition came just recently with puraDYN receiving the top honor from Lubricants World magazine in the equipment category, which follows a number of achievements the Company has attained over the past year.

    About puraDYN

    puraDYN manufactures and markets the puraDYN(R) By-Pass Oil Filtration System, a unit that continuously filters lubricating oil by reducing solid contaminates to less than one micron, as well as removing liquid contaminants, therefore maintaining the oil's viscosity and greatly reducing or even eliminating the necessity for oil changes. As a result of this continuous process, the useful engine life can be extended. The puraDYN system is effective for internal combustion engines, hydraulic applications and automatic transmissions in the automotive, transportation, construction, marine, agriculture, mining, military and power generating industries. In addition to the economies realized by the reduced purchases of new oil and the costs of disposing of used oil (up to 90%) and extended equipment life, the puraDYN By-Pass Oil Filtration System has been certified as a "Pollution Preventing Technology" by the California Environmental Protection Agency. For more information on puraDYN Filter Technologies Inc., visit www.puradyn.com.

    With the exception of the historical information contained in this news release, the matters discussed above include forward-looking statements that involve risks and uncertainties. Actual results may vary substantially as a result of a variety of factors. Among the important factors that could cause actual results to differ are the ability of the Company to increase revenues and gross profit margins, the levels of selling, general and administration costs as well as research and development costs, validation of the puraDYN Filtration System by OEMs and the effects of competition. The failure of any of these factors could cause actual results to differ materially from the forward-looking statements discussed above.