puraDYN Filter Technologies Announces More Sales to Miami-Dade County.Business Editors BOYNTON BEACH Boynton Beach, city (1990 pop. 46,194), Palm Beach co., SE Fla., on the Atlantic coast; inc. 1920. A major suburban area, it is also a beach resort and vegetable-shipping point. , Fla.--(BUSINESS WIRE)--Aug. 8, 2001 Kevin G. Kroger, President & COO, announced today that the Miami Dade Transit Agency (MDTA MDTA Maryland Transportation Authority MDTA Manpower Development and Training Act MDTA Minnesota Debate Teachers Association MDTA Melton District Tennis Association (Melbourne, Australia) MDTA Multiple Directory Trees Access ) has purchased an additional 470 puraDYN(R) By-Pass Oil Filtration units for use by MDTA's County-wide bus fleet. This purchase continues the MDTA goal of having 100% of its buses equipped with puraDYN units by the end of 2001. In addition, over 100 new buses set for delivery this year will have the systems factory-installed. Kroger noted that the purchase of these units by MDTA is further validation of Miami-Dade County's satisfaction with the puraDYN(R) unit's performance and ability to assist the County in its efforts to promote government efficiency. The purchase of the puraDYN units by MDTA follows a fleet pilot program begun in early 2000 by the Miami-Dade County General Services Administration The General Services Administration (GSA) was established by section 101 of the Federal Property and Administrative Services Act of 1949 (40 U.S.C.A. § 751). The GSA sets policy for and manages government property and records. (GSA (1) (Global mobile Suppliers Association, Sawbridgeworth, U.K., www.gsacom.com) A membership organization of suppliers of GSM products and services. Its goal is to promote GSM as the worldwide mobile communications standard. See GSM Association and GSM. ) Fleet Management Division. Kroger stated that "after over a year of evaluating the puraDYN By-Pass Oil Filtration System by Fleet Management Division, the oil had not been changed on any of the test vehicles. The oil drain interval extensions were monitored closely with routine oil analysis that continued to show that the oil remained good for continued use. Prior to installation of the puraDYN system, oil was changed an average of eight times a year." Kroger further noted, "The pilot program clearly indicated significant savings would be achieved in terms of reduced oil change costs and the simultaneous reduction of oil consumption. An added benefit is that the engine components' wear would be reduced and engine life would be extended, since the engine is operating on continuously clean oil." It was also announced that a minimum of 8,000 vehicles is expected to be involved in the Miami-Dade County Efficiency and Competition Committee's program of cost reduction in connection with its fleet management program. Kroger stated, "The purchase of the puraDYN units for Miami-Dade County's bus fleet bodes well for subsequent approvals of the puraDYN system by other counties nationwide." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Miami-Dade County Mayor Alex Penelas Alexander "Alex" Penelas (born December 18, 1961 in Miami, Florida) is the former mayor of Miami-Dade County, Florida. Early life Penelas, a Cuban-American, attended college at St. Thomas University. , as quoted in an article in American City and County magazine, "We get a lot of ideas presented to us. Some of them work, and some of them don't pan out very well. This one worked." Mayor Penelas predicted in the article that "eventually every vehicle in the Miami-Dade fleet will be equipped with the puraDYN unit." He was also quoted in the article saying that "it is saving us a lot of money." Kroger pointed out that in addition to the obvious economic savings achieved using the puraDYN product on the County's fleet of vehicles, the environmental savings are also a huge factor in ecologically sensitive South Florida. He also noted that the California Environmental Protection Agency The California Environmental Protection Agency (Cal/EPA) was created in 1991 by Governor Pete Wilson, through an executive order.[1] The agency combined six board, departments, and offices into one cabinet-level office:[2] About puraDYN puraDYN(OTCBB OTCBB See OTC Bulletin Board (OTCBB). :PFTI) manufactures and markets the puraDYN(R)By-Pass Oil Filtration System, a unit that continuously filters lubricating and hydraulic oil by reducing solid contaminants down to 0.25 micron, as well as removing liquid contaminants, therefore maintaining the oil's viscosity and greatly reducing or even eliminating the necessity for oil changes. As a result of this continuous process, the useful life of engines and hydraulic systems Noun 1. hydraulic system - a mechanism operated by the resistance offered or the pressure transmitted when a liquid is forced through a small opening or tube can be extended. The puraDYN system is effective for internal combustion engines Internal combustion engine A prime mover, the fuel for which is burned within the engine, as contrasted to a steam engine, for example, in which fuel is burned in a separate furnace. , hydraulic applications and automatic transmissions in the automotive, transportation, construction, marine, agriculture, mining, military and power generating industries. In addition to the economies realized by the reduced purchases of new oil and the costs of disposing of used oil (up to 90%) and extended equipment life, the puraDYN(R) By-Pass Oil Filtration System has been certified as a "Pollution Preventing Technology" by the California Environmental Protection Agency. For more information on puraDYN Filter Technologies Inc., visit www.puradyn.com. With the exception of the historical information contained in this news release, the matters discussed above include forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks and uncertainties. Actual results may vary substantially as a result of a variety of factors. Among the important factors that could cause actual results to differ are the ability of the Company to increase revenues and gross profit margins Gross profit margin Gross profit divided by sales, which is equal to each sales dollar left over after paying for the cost of goods sold. gross profit margin A measure calculated by dividing gross profit by net sales. , the levels of selling, general and administration costs as well as research and development costs, validation of the puraDYN(R) By-Pass Oil Filtration System by OEMs and the effects of competition. The failure of any of these factors could cause actual results to differ materially from the forward-looking statements discussed above. |
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