EMFP up on news. Now at .69 +.04.
Monday March 15, 11:57 am ET
HENDERSON, Nev.--(BUSINESS WIRE)--March 15, 2004--Emergency Filtration Products Inc. (EFP) (OTCBB: EMFP - News), an air filtration products manufacturer, today announced a collaboration with Itochu Techno Chemical Inc., a wholly owned Japanese subsidiary of Itochu Corp. (see below), involved in chemical and related businesses.
The companies have been engaged in a cooperative feasibility study surrounding the introduction of EFP's innovative air filtration products and technologies into Japan and other Asian countries. As part of this collaborative effort, the companies are pleased to announce the filing of an application on Feb. 27, 2004, with the Japanese Koseisho (the Ministry of Health and Welfare, similar to the U.S. Federal Drug Administration). Upon the approval by Koseisho, Itochu Techno Chemical will commence distribution of EFP's Vapor Isolation Valve (and other designated products) in Japan and other Asian countries, with possible expansion into global markets.
"We are honored to be working with world-class companies such as Itochu Techno Chemical and its partners, whose professionalism and dedication make us highly confident that our collaboration to distribute our products in Japan and other Asian countries will be highly successful," said Douglas K. Beplate, president, EFP. "Further, we view this partnership as a seminal event in our corporate history, and expect significant growth in sales as a result of Itochu Techno Chemical's commitment to our products."
EFP has been collaborating with Itochu Techno Chemical for nearly a year, entered into a Memorandum of Understanding on Sept. 26, 2003, and is now in the final phase of concluding a long-term distribution agreement.
Itochu Techno Chemical (http://www.techno-chemical.com/ is a subsidiary of Itochu Corp.
Itochu Corp. (http://www.itochu.co.jp/main/index.html), one of the world's largest trading companies with 2003 revenues in excess of $85 billion, ranked 11th in the world by revenues, according to Forbes magazine. Itochu is a globally integrated corporation with offices in more than 80 countries and operations that cover a broad spectrum of industries.
About Emergency Filtration Products Inc.
EFP (http://www.emergencyfiltration.com/) 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® 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®, 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.
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. Specifically, successful production of the NanoMask products may not translate into significant sales. 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.
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Contact:
Emergency Filtration Products Inc., Henderson
Wendy Harper, 702-558-5164
Fax: 702-567-1893
contactus@emergencyfiltration.com
www.emergencyfiltration.com
or
WPH Consultants Ltd.
Investor Relations
Philippe Niemetz, 800-477-7570 or 212-344-6464
Fax: 212-509-2755
philippe.niemetz@wphconsultants.com |
