8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)   May 15, 2009

PURADYN FILTER TECHNOLOGIES INCORPORATED

(Exact name of registrant as specified in its charter)

Delaware	0-29192	14-1708544
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

2017 High Ridge Road, Boynton Beach, FL	33426
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code  (561) 547-9499

not applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02Results of Operations and Financial Condition.

On May 15, 2009 Puradyn Filter Technologies Incorporated (the “Company”) issued a press release announcing its financial results for the first quarter ended March 31, 2009. A copy of this press release is included as Exhibit 99.1 to this report.

Pursuant to General Instruction B.2 of Form 8-K, the information in this Item 2.02 of Form 8-K, including Exhibit 99.1, is being furnished pursuant to Item 2.02 and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise be subject to the liabilities of that section, nor is it incorporated by reference into any filing of the Company under the Securities Act of 1933 or the Securities Exchange Act of 1934, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

Item 7.01 Regulation FD Disclosure.

As disclosed in Item 2.02 above, on May 15, 2009, the Company issued a press release, which is attached as Exhibit 99.1 hereto, announcing its financial results for the first quarter ended March 31, 2009. A copy of this press release is included as Exhibit 99.1 to this report.

Pursuant to General Instruction B.2 of Form 8-K, the information in this Item 7.01 of Form 8-K, including Exhibit 99.1, is being furnished pursuant to Item 2.02 and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise be subject to the liabilities of that section, nor is it incorporated by reference into any filing of the Company under the Securities Act of 1933 or the Securities Exchange Act of 1934, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

Item 9.01 Financial Statements and Exhibits.

Exhibit No.	Description
99.1	Press release dated May 15, 2009.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	PURADYN FILTER TECHNOLOGIES INCORPORATED
Date: May 15, 2009	By:	/s/ Joseph V. Vittoria
		Joseph V. Vittoria, Chairman and Chief Executive Officer

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EX-99.1

Exhibit 99.1

Puradyn Releases 2009 1^st Quarter Financial Results

Boynton Beach, FL - May 15, 2009 - Puradyn Filter Technologies Incorporated (OTCBB: PFTI), the global bypass oil filtration system manufacturer, today reported results of operations for the first fiscal quarter ended March 31, 2009.

Net sales for the first quarter ended March 31, 2009 were approximately $299,000 compared to approximately $763,000 for the same period in 2008, a decrease of approximately $464,000, or 61%.

The Company reported a net loss of approximately $682,000 or ($0.02) per share, basic and diluted, for the quarter ended March 31, 2009, compared to a net loss of approximately $470,000 or ($0.02) per share, basic and diluted, for the same period in 2008.

Operating losses increased by approximately $200,000 or 18%, in the first quarter of 2009 as compared to the same time period in 2008. Cost of products sold, as a percentage of sales, increased from approximately 82% in 2008 to approximately 121% in 2009. This increase is attributable to a significant decrease in sales and allocation of fixed and variable factory costs over fewer sales.

Kevin G. Kroger, President and COO, said, “Net sales for the first quarter were low but not unexpected, given our year end numbers. We rely on customer orders and a significant number of customers have been severely affected by the global economy. Notwithstanding, we are now into the second quarter 2009 with a respectable backlog of over $300,000, in large part due to a major oil drilling company retrofit program that we recently announced.

“As the economy is showing signs of stabilizing, we are speaking to customers who, previously having delayed ordering six to eight months ago, are beginning again to gear up for retrofit and new installation programs. While this requires an initial capital expenditure on their part to fit our product, the return on investment occurs rapidly. In addition, our relationship with John Deere continues to strengthen and we have effectively entered the market in Nigeria. During the course of the first three months of 2009, we have received additional orders from regional municipalities and the U.S. Military for foreign military sales.”

Kroger concluded, “We have made every effort to contain costs and implemented every opportunity to identify, obtain and execute successful savings with regards to material, inventory, and personnel while maintaining a high standard of quality. There is a new standard that says environmental responsibility and cost containment are no long mutually exclusive. Despite revenue downturn, we remain committed to assisting companies interested in conserving oil and maintenance costs associated with oil changes.”

The Company’s quarterly report on Form 10-Q is available from the SEC website at http://www.sec.gov or the Investor Relations sections of the Company’s website at http://www.puradyn.com/.

About Puradyn Filter Technologies Incorporated

Puradyn (OTCBB: PFTI) designs, manufactures and markets the puraDYN^® Oil Filtration System, the most effective bypass oil filtration product on the market today. It continuously cleans lubricating oil and maintains oil viscosity to safely and significantly extend oil change intervals and engine life. Effective for internal combustion engines, transmissions and hydraulic applications, the Company’s patented and proprietary system is a cost-effective and energy-conscious solution targeting an annual $15billion potential industry. Puradyn equipment was selected as the manufacturer used by the US Department of Energy in a three-year evaluation to research and analyze the performance, benefits and cost analysis of bypass oil filtration technology.

STATEMENTS IN THIS PRESS RELEASE WHICH ARE NOT HISTORICAL DATA ARE FORWARD-LOOKING STATEMENTS WHICH INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES OR OTHER FACTORS NOT UNDER THE COMPANY’S CONTROL, INCLUDING BUT NOT LIMITED TO THE POSSIBLE INABILITY TO RAISE CAPITAL FUNDS, LACK OF PROTECTION FROM INTELLECTUAL PROPERTY, VULNERABILITY BECAUSE OF MANUFACTURING A LIMITED NUMBER OF PRODUCTS, DEPENDENCE ON DISTRIBUTORS, ORDERS PREVIOUSLY STATED IN THIS PRESS RELEASE MAY NOT MATERIALIZE, AND THE POSSIBILITY THAT THE PRODUCTS DO NOT MEET CUSTOMERS’ NEEDS, WHICH MAY CAUSE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF THE COMPANY TO BE MATERIALLY DIFFERENT FROM THE RESULTS, PERFORMANCE OR OTHER EXPECTATIONS IMPLIED BY THESE FORWARD-LOOKING STATEMENTS. THESE FACTORS INCLUDE, BUT ARE NOT LIMITED TO, THOSE DETAILED IN THE COMPANY’S PERIODIC FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION.

Puradyn Filter Technologies Incorporated

Condensed Consolidated Statements of Operations

For the Three Months Ended March 31, 2009 and 2008

(Unaudited)

	Three Months Ended March 31,
	2009			2008
Net sales	$	298,781		$	763,425
Costs and expenses:
Cost of products sold		360,491			625,329
Salaries and wages		239,669			256,053
Selling and administrative		342,628			262,398
		942,788			1,143,780
Loss from operations		(644,007	)		(380,355	)
Other income (expense):
Interest income		177			733
Interest expense		(38,590	)		(90,853	)
Total other income (expense)		(38,413	)		(90,120	)
Net loss before income tax expense		(682,420	)		(470,475	)
Income tax expense		—			—
Net loss	$	(682,420	)	$	(470,475	)
Basic and diluted loss per common share	$	(0.02	)	$	(0.02	)
Weighted average common shares outstanding, basic and diluted		37,246,932			30,052,600

See accompanying notes to consolidated financial statements included in the Company’s 10-Q.

CONTACT:

Kathryn Morris

Director, Corporate Communications

(T) 561 547 9499, x 226

investor-relations@puradyn.com

http://www.puradyn.com

Emerging Markets, LLC

Investor Relations:

Jim Painter III

321-206-6682

jamespainter@emergingmarketsllc.com

www.emergingmarketsllc.com

www.themicrocapreport.com

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