Nephros Inc. Reports Departure of Director

NEW YORK, NY -- (MARKET WIRE) -- May 01, 2007 -- Nephros, Inc. (AMEX: NEP) today announced that, on April 30, 2007, Donald G. Drapkin submitted his resignation from the Company's Board of Directors (the "Board") effective immediately to pursue other business interests. Mr. Drapkin had no disagreements with the Company on any matters related to the Company's operations, policies or practices.

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