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Nephros Common Stock Now Quoted in Pink Sheets
Date:1/26/2009

RIVER EDGE, N.J., Jan. 26 /PRNewswire-FirstCall/ -- Nephros, Inc. (Pink Sheets: NEPH), a medical device company developing and marketing filtration products for therapeutic applications, infection control, and water purification, today announced that its common stock is now quoted in the Pink Sheets under the symbol "NEPH." The Company also announced that its common stock has been suspended from trading on the NYSE Alternext US LLC (formerly, the American Stock Exchange or "AMEX") pending its delisting by AMEX due to noncompliance with certain continued listing standards.

As previously announced, the Company has identified a market maker who has agreed to apply for the quotation of the Company's common stock on the OTC Bulletin Board. The Company is working with the market maker to have the quotation on the OTC Bulletin Board effective as soon as possible, but the process, if successful, could take up to several weeks.

About Nephros, Inc.

Nephros, Inc., headquartered in New Jersey, is a medical device company developing and marketing filtration products for therapeutic applications, infection control, and water purification.

The Nephros hemodiafiltration ("HDF") system is designed to improve the quality of life for the End-Stage Renal Disease (ESRD) patient while addressing the critical financial and clinical needs of the care provider. ESRD is a disease state characterized by the irreversible loss of kidney function. The Nephros HDF system removes a range of harmful substances more effectively, and with greater capacity, than existing ESRD treatment methods, particularly with respect to substances known collectively as "middle molecules." These molecules have been found to contribute to such conditions as dialysis-related amyloidosis, carpal tunnel syndrome, degenerative bone disease and, ultimately, mortality in the ESRD patient. Nephros ESRD products are sold and distributed throughout Eur
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SOURCE Nephros, Inc.
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