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Puroflow Announces Year-End Earnings

9 April 1998

Puroflow Announces Year-End Earnings

    VAN NUYS, Calif., April 9 -- Puroflow Incorporated
(OTC Bulletin Board: PURO) today reports results for fiscal year ending
January 31, 1998 with net profits of $491,961 ($.07 per share) on revenues of
$8,597,340, compared to $662,985 ($.11 per share) on revenues of $8,458,454
for the prior fiscal year.
    The results are particularly impressive as the Company incurred $554,118
in legal fees and non-recurring settlement charges in fiscal 1998 compared to
$394,184 in fiscal 1997 to settle all negative litigation issues.  Earnings
are reported on fully diluted shares of 7,248,261 compared to 6,107,812 shares
in the prior year, an 8.6% increase.  The non-recurring legal fees and
settlement costs depressed Puroflow's net earnings $.08 per share in the
current fiscal year.
    "It is reassuring to know that the only outstanding litigation is with
Memtec America, a wholly owned subsidiary of U.S. Filter Corp., which promises
to yield a substantial recovery for Puroflow.  We can now look forward to
growing the business without looking over our shoulder at defending
litigation," said Michael Figoff, President and CEO.
    Puroflow Incorporated, with manufacturing facilities in Van Nuys, is a
leading supplier worldwide of high-performance filters, able to withstand
severe environmental conditions for the defense, space and commercial aircraft
Industries, and for the automobile airbag industry.

SOURCE  Puroflow Incorporated