SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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) April 1, 1998
Puradyne Filter Technologies Incorporated
(Exact name of registrant as specified in its charter)
DELAWARE 0-29192 14-1708544
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
3020 High Ridge Road, Suite 100, Boynton Beach, Florida 33426
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (561) 547-9499
T/F Purifiner, Inc.
(Former name or former address, if changed since last report)
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ITEM 5 - OTHER EVENTS
Mr. Richard C. Ford, Board Member of Puradyn Filter Technologies Incorporated
today announced that Mr. Keith T.J. Hart resigned as Director, President and
Chief Executive Officer of the Company. In addition, Mr. Robert Soros and Mr.
Bradley A. Hittle have resigned as Directors of the Company. Mr. Robert Qualls,
Vice President of Sales and Marketing, Mr. Richard Wenman, Vice President of
Technology and Mr. Larry Freedman, the Company's Controller, have also resigned
from the Company.
In addition, Ford stated that the Company is seeking to arrange for additional
financing and, in the interim, is curtailing its operations and has reduced its
workforce to key personnel. Mr. Ford continued that "there can be no assurance
that such financing or other alternatives will be obtained" and that "if a
financing is not obtained, it is unlikely that the Company will be able to
sustain operations."
Puradyn Filter Technologies Incorporated ("PFTT" manufactures and sells
Purifiner/Registered trademark/ oil purification systems and is located in
Boynton Beach, Florida.
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SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
PURADYNE FILTER TECHNOLOGIES INCORPORATED
By: /s/ Richard C. Ford
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Richard C. Ford, Director
April 1, 1998
