EMFP - .40 + .06
Emergency Filtration Products Obtains FDA Certificate to Export Products to Japan
Business Wire - June 03, 2004 13:51
HENDERSON, Nev., Jun 3, 2004 (BUSINESS WIRE) -- Emergency Filtration Products Inc. (EFP) (OTCBB: EMFP) announced that it had obtained a Certificate for Products for Export from the U.S. Food and Drug Administration (FDA) for its RespAide, Vapor Isolation Valve and Series One Breathing Circuit Filter products. This certificate is necessary for the completion of Koseisho's review process of the application to sell EFP's products in Japan. (Koseisho is the Japanese Ministry of Health and Welfare, which is similar to the United States' FDA.)
For the past eight months, EFP has been collaborating with Itochu Techno Chemical Inc., a wholly owned Japanese subsidiary of Itochu Corp. (see below), to bring its products to market in Japan, Asia with possible expansion into other global markets. Itochu Techno Chemical, along with EFP, submitted an application for approval to sell EFP's RespAide, Vapor Isolation Valve and Series One Breathing Circuit Filter products to Koseisho on Feb. 27, 2004. EFP expects to enter into a long-term distribution agreement with Itochu Techno Chemical as soon as it receives formal approval from Koseisho to sell its products in Japan.
"We believe that we are in the final stages of the review process with Koseisho and expect that Itochu Techno Chemical will prove to be an immediate and major revenue source once we obtain approval for our products," said Douglas K. Beplate, president, EFP. "While we await approval, we have been working closely with Itochu Techno Chemical on packaging, labeling and quality control issues in anticipation of approval. More importantly, Itochu Techno Chemical has already identified a number of sub-distributors which it intends to work with."
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(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. 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.
SOURCE: Emergency Filtration Products Inc.
Emergency Filtration Products Inc., Henderson
Wendy Harper, 702-558-5164
Fax: 702-567-1893
contactus@emergencyfiltration.com
www.emergencyfiltration.com
or
Investor Relations
WPH Consultants Ltd.
Philippe Niemetz, 800-477-7570 or 212-344-6464
Fax: 212-509-2755
philippe.niemetz@wphconsultants.com
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