Puradyn Announces 2nd Quarter Financial Results

BOYNTON BEACH, FL--(Marketwire - August 14, 2009) - Puradyn Filter Technologies Incorporated
(OTCBB: PFTI), the global bypass oil filtration system manufacturer, today
reported results of operations for the second fiscal quarter ended June 30,
2009.

Net sales the three months ending June 30, 2009 decreased approximately 8%,
or $63,000, to approximately $729,000, from approximately $792,000 for the
three months ending June 30, 2008. Net sales year-to-date for the six
month period decreased by 34% or $527,000, from approximately $1.55 million
in 2008 to approximately $1.03 million in 2009. This decrease is due
entirely from the decline in sales from a single international customer in
the Far East, which has been significantly affected by the global economy.

Cost of products sold decreased by approximately $24,000, or 4%, in the
three-months ending June 30, 2009 as compared to the same time period in
2008; and by approximately $289,000, or 23%, from $1.27 million in 2008 for
the six-months ended June 30 to approximately $978,000 in 2009. Cost of
products sold, as a percentage of sales, increased from approximately 81%
for the six months ended June 30, 2008 to approximately 95% for the same
period in 2009. This increase is attributable to a considerable decrease
in sales during the first quarter of 2009 and allocation of fixed and
variable factory costs over fewer sales.

The Company reported a net loss of $451,000 or ($0.01) per share, basic and
diluted, for the quarter ended June 30, 2009, compared to a net loss of
$399,000 or ($0.01) per share, basic and diluted, for same period in 2008.
Basic and diluted weighted average shares used in the calculation for the
three-months ended 2009 and 2008 were 38,764,732 and 32,447,852,
respectively.

Kevin G. Kroger, President and COO, said, "Despite business being severely
impacted by the difficult economic conditions in the marketplace as a
number of our customers postponed ordering to conserve capital outlay, we
have been able to make progress in our targeted markets. We are seeing
signs of a cautious recovery and overall activity, and inquiries about our
product are increasing.

"In May we began a program with a major oil drilling service company to
outfit puraDYN® systems on engines operating on oil drilling platforms.
The initial round of orders for the international retrofit has been shipped
and upon completion of the installation of these systems we will begin
phase two, which will include their larger engines. Our puraDYN® system
is an advantage to this customer as we provide a compact package that can
handle engine oil sump capacities in excess of 100 gallons; to our
knowledge we are the only bypass filtration system that can do so.

"Additional orders have been received from The Avis Budget Group which, in
2008 announced that it was upgrading airport shuttle buses with the
puraDYN® system, the first in the car rental industry to use oil
filtration technology on its fleet of heavy duty buses. A strong message
from the world's most visible consumer services company of commitment to
reducing its carbon footprint.

"We have also received another order for systems specified on M915 and M916
Freightliner trucks used in foreign military service for foreign military
sales. This is a continuing repeat order that began in 2006."

Kroger continued, "Over the last three weeks we received $700,000 for the
sale of 2,115,752 shares of common stock purchased at an average price of
$0.33. Additionally, in connection with the issuance of the sale of common
stock, the Company has issued warrants to purchase a total of 211,575
shares of common stock, exercisable at a price of $0.50 per share over a
term of five years. Net proceeds will be used for general working capital,
marketing, and expansion of business."

Kroger concluded, "Although we expect the balance of 2009 to remain
difficult with respect to the economy, we remain committed and focused to
grow our business through continuing efforts in our target markets and in
keeping costs down. We have already seen signs of improvement and we will
capitalize on those market opportunities.

"We provide a safe, practical and dependable alternative for companies
looking for solutions to the challenges of complying with upcoming energy
and oil conservation considerations. The puraDYN® system offers a unique
solution in that our technology conserves oil while providing efficiency
and significant cost savings."

For further discussion relevant to the Company's financial status, you can
request a copy of the Company's quarterly report on Form 10-Q at 561 547
9499, or go to the Investor Relations section of the Company's website at
www.puradyn.com. A copy is also available at the SEC website,
www.sec.gov.

About Puradyn Filter Technologies Incorporated

Puradyn (OTCBB: PFTI) designs, manufactures and markets the puraDYN® Oil
Filtration System, the most effective bypass oil 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 was selected as the
manufacturer used by the US Department of Energy in a three-year evaluation
to research and analyze the 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
Condensed Consolidated Statements of Operations
For the Three Months and Six Months Ended June 30, 2009 and 2008
(Unaudited)

Three Months Ended Six Months Ended
June 30, June 30,
2009 2008 2009 2008
----------- ----------- ----------- -----------
Net sales $ 729,131 $ 791,781 $ 1,027,912 $ 1,555,206
Costs and expenses:
Cost of products sold 617,447 641,537 977,937 1,266,866
Salaries and wages 243,347 250,877 483,016 506,930
Selling and
administrative 101,129 221,279 443,758 483,678
----------- ----------- ----------- -----------
961,923 1,113,693 1,904,711 2,257,474
----------- ----------- ----------- -----------
Loss from operations (232,792) (321,912) (876,799) (702,268)

Other income (expense):
Interest income (176,071) 595 (175,894) 1,329
Interest expense (42,115) (77,323) (80,705) (168,176)
----------- ----------- ----------- -----------
Total other expense,
net (218,186) (76,728) (256,599) (166,847)
----------- ----------- ----------- -----------

Loss before income
taxes (450,978) (398,640) (1,133,398) (869,115)
Income tax expense - - - -
----------- ----------- ----------- -----------

Net loss $ (450,978) $ (398,640) $(1,133,398) $ (869,115)
=========== =========== =========== ===========

Basic and diluted loss
per common share $ (.01) $ (.01) $ (.03) $ (.03)
=========== =========== =========== ===========
Weighted average common
shares outstanding
(basic and diluted) 38,764,732 32,447,852 38,010,025 31,250,226
=========== =========== =========== ===========

See accompanying notes to condensed consolidated financial statements
included in the Company's 10-QSB