puraDYN's Growing Business Requires Added Manufacturing Facilities

    BOYNTON BEACH, Fla.--May 29, 2002--puraDYN Filter Technologies Inc. (AMEX:PFT), the global by-pass oil filtration system company, today announced that current as well as anticipated growth of its business activities has required the Company to sign a new five-year lease agreement for a 25,541 square foot property. This will at least double puraDYN's current manufacturing capacity.
    The new space in Boynton Beach will house both office and warehouse facilities. According to the lease, puraDYN will have an option to expand the facilities an additional 25,000 square feet within a six-month period.
    puraDYN's President and Chief Operating Officer Kevin G. Kroger commented, "Over the past year, we have expanded our reach and signed new agreements with existing and new vendors around the world, thus significantly increasing the opportunity for higher revenues. We remain focused on growth, and this new property will give us the ability to meet our increased production needs."

    About puraDYN Filter Technologies Inc.

    puraDYN (AMEX:PFT) designs, manufactures and markets the puraDYN(R) By-Pass Oil Filtration System, a unit that continuously cleans lubricating oil; maintains oil viscosity; and safely and dramatically extends oil change intervals and engine life. Effective for internal combustion engines, transmissions and hydraulic applications, the patented and proprietary system is a cost-effective and energy conscious solution targeting a $7.8 billion potential market. The Company has established aftermarket programs with several of the transportation industry leaders. For more information on puraDYN Filter Technologies Inc., visit http://www.puradyn.com

    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, 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.