2/2/2007 12:52:43 PM
HENDERSON, Nev.--(BUSINESS WIRE)--Emergency Filtration Products, Inc. (EFP) (OTCBB: EMFP) today announced that it has entered into an agreement to privately place up to $1,650,000 of its common stock with two individual investors. The financing is comprised of three tranches; the first tranche has already been completed, netting the company $750,000. EFP expects the other two tranches, which will net the company an additional $900,000, to be completed on the first of March and May 2007, respectively. The company intends to use the proceeds from this financing to complete the process of obtaining FDA approval for its NanoMask products.
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