puraDYN Raises Equity in Private Placement; Senior Management Participates in Funding

puraDYN Filter Technologies Incorporated (AMEX:PFT)
announced today that it has executed subscription agreements through a
non-brokered private placement with seven accredited investors,
including senior management. As a result of this private placement,
the Company has received gross proceeds of approximately $1.14 million
for the purchase of 3,600,665 shares of common stock at $0.30 per
share, purchase of 100,000 shares at $0.60 per share, and warrants to
purchase 400,000 shares, exercisable at a price of $0.80 per share.
   As part of these subscriptions, the Company will receive
additional funds of $330,000 from senior management by July 1, 2005 in
connection with the above offering. To date, $270,000 of the $600,000
committed by senior management has been received in this financing.
   Additionally, on June 10, 2005, six members of puraDYN's
management team agreed to participate in a voluntary salary deferral
program until such time as the Company reaches a cash flow positive
position. This program will reduce salaries by an agreed-upon
percentage, relative to current salary and position, on a paycheck
basis and will be retroactive beginning May 23, 2005.
   Joseph V. Vittoria, Chairman, said, "Our prime objective right now
is to continue addressing our short-term liquidity while continuing to
grow the Company. The support we have received from these investors
brings us several steps closer to accomplishing that purpose. The
investment made by senior management and the voluntary deferral of
salaries by all management show considerable confidence and long-term
commitment in the Company's future.
   "In addition to the cost-saving measures implemented in early 2005
and which are ongoing, this funding will provide the financial
stability to advance our business plan through 2005 and the first half
of 2006."

   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.