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Emergency Filtration Products Reports 2005 Financial Results |
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Company Provides Update on Current NanoMask Filter Production Henderson, Nevada - March 27, 2006 - Emergency Filtration Products, Inc. (EFP) (OTCBB: EMFP) today announced financial results for the year ended December 31, 2005. Revenues for 2005 were $654,872, versus $405,831 for 2004. The company reported a loss of $1,545,148 ($0.04 per share) for 2005 versus a loss of $1,605,233 ($0.06 per share) for 2004. In the fourth quarter of 2005, the company generated revenues of $534,912, the majority of which were recorded in December as the company’s Henderson facility increased production of its NanoMask filters. EFP has since opened a second and significantly larger production facility in Nogales, Mexico where production of NanoMask filters – coating precut filters with contaminant-killing nanoparticles— has been underway for a month. EFP is now running two 12-hour shifts, utilizing the Nogales facility on a 24-hour basis, four days per week. A weekend shift is also planned in the near future to produce sufficient quantities of NanoMask filters in order to meet expected demand from large national and international accounts. “When we first decided to start manufacturing NanoMask filters in Nogales, we spent a couple of weeks carefully planning the design and functionality of the facility in order to arrive at the most efficient operational layout possible, and at the same time, give us maximum flexibility to rapidly ramp up production,” said Douglas K. Beplate, President and CEO, EFP. “We are producing approximately 100,000 filters during our two 12 hour shifts, four days per week. Our unit costs are considerably lower in Nogales than at our Henderson facility. In Henderson, we have recently installed a high speed-bagging machine that is now operational in an effort to lower costs. Large orders will be shipped directly from Mexico to our overseas distributors and smaller orders will be shipped to Henderson for distribution. Our current manufacturing configuration in Nogales will allow us to quickly – within two to three weeks – ramp up production to at least three million filters per week if purchase orders dictate.” “International orders continue to be very strong and we are moving rapidly to close some large accounts in the United States and elsewhere, “added Douglas K. Beplate. “John Masenheimer, who established our Nogales facility, has done a terrific job in Mexico, and we expect to be able to announce a series of large new customers in the near future.” About the NanoMask® EFP's nano-particle enhanced environmental mask, the NanoMask® relies on the company's core 2H Technology™ filtration system, which utilizes a combination of hydrophobic and hydrophilic filters able to capture, isolate and or eradicate bacterial and viral microorganisms with efficiencies of 99.9%. EFP applies nano-particles to the filters to enhance filtration efficiency. The nano-particles augment the intrinsic filtration efficiency of the media by acting as a destructive absorbent, eradicating virus and bacteria that come in contact with the filtration system. About Emergency Filtration Products, Inc.: EFP is an air filtration products manufacturer who's patented 2H Technology™ filter system has produced filtration efficiencies of 'greater than 99.99%' at a particulate size of 0.027 microns. EFP's initial products were developed for the medical market: the Vapor Isolation Valve™ and RespAide® CPR Isolation Mask used for resuscitation of respiratory/cardiac arrest cases; and 2H Breathing Circuit Filter for ventilators, respirators and anesthesia circuitry. Each has received FDA approval. The Company also markets an Automated External Defibrillator Prep Kit featuring RespAide; and the NanoMask®, a nanotechnology enhanced environmental mask. In addition to filtration products, the company supplies Superstat®, a modified hemostatic collagen, to the U.S. Military for surgery and extreme wound care. For Further Information on EFP: Emergency Filtration Products: Phone: 702/558-5164 Fax: 702/567-1893 Email: contactus@emergencyfiltration.com Web: www.emergencyfiltration.com or Investor Relations: WPH Consultants Ltd. Philippe Niemetz Phone: 800/477-7570, 212/344-6464 Fax: 212/509-2755 Email: philippe.niemetz@wphconsultants.com For Further Information on EFP: Emergency Filtration Products: or |
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