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EMFP NR on the 27/06 at 1.82

Emergency Filtration Products Reports 2005 Financial Results; Company Provides Update on Current NanoMask Filter Production


2006-03-27 12:42 ET - News Release

HENDERSON, Nev. -- (Business Wire) -- March 27, 2006
Company Website: http://www.emergencyfiltration.com

Emergency Filtration Products Inc. (EFP) (OTCBB: EMFP)
today announced financial results for the year ended Dec. 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 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 2H Nano-Enhanced Environmental Mask, the NanoMask, relies on
the company's core 2H Technology(TM) filtration system, which utilizes
a combination of hydrophobic and hydrophilic filters able to capture
and isolate bacterial and viral microorganisms with efficiencies of
99.9%. The environmental mask utilizes the company's patented 2H
Technology(TM) and nanotechnology to enhance the capture-and-isolation
characteristics of the filter media.

About Emergency Filtration Products
(http://www.emergencyfiltration.com/)

EFP is an air filtration products manufacturer whose patented 2H
Technology(TM) filter system has produced filtration efficiencies of
"greater than 99.99%" at a particulate size of 0.027 microns. Its
initial products were developed for the medical market: the Vapor
Isolation Valve(TM) and RespAide(R) CPR Isolation Mask used for
resuscitation of respiratory/cardiac arrest cases; and the 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(R), a nanotechnology enhanced environmental mask. In addition
to filtration products, the company supplies Superstat(R), a modified
hemostatic collagen to the U.S. military for surgery and extreme wound
care.

Safe Harbor Statement

This release may contain statements that are forward looking. Such
statements are made based upon current expectations that are subject
to risk and uncertainty. EFP does not undertake to update
forward-looking statements in this news release to reflect actual
results of and changes in assumptions or changes in other factors
affecting such forward-looking information. The actual future results
of the company could differ significantly from such forward-looking
statements. Sales may be dependent on the success of future marketing
campaigns, the signing of definitive agreements with additional
distributors, and both the perceived need for EFP's products and the
competitive performance of such products in the marketplace.
Contacts:

Emergency Filtration Products Inc.
Douglas K Beplate, 702-558-5164
Fax: [phone]
[e-mail]
www.emergencyfiltration.com
or
Investor Relations
PAN Consultants Ltd.
Philippe Niemetz, 800-477-7570, 212-344-6464
Fax: [phone]
[e-mail]