Nephros, Inc.


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Nephros, Inc. announced that, as a result of the issuance of notes in the third quarter of 2007, representing an aggregate principal amount of $18 million, and the subsequent conversion of those notes into equity on November 14, 2007, the stockholders' equity of the company increased to $10.2 million. As a result, notwithstanding the company's anticipated loss during the fourth quarter of 2007, the company's stockholders' equity, at December 31, 2007, is anticipated to be well in excess of the $6,000,000 required by the continued listing standards of the American Stock Exchange.