Nocopi Announces Loss of Customer

WEST CONSHOHOCKEN, Pa. (PROTEXT) - Nocopi Technologies, Inc.(OTC Bulletin Board: NNUP) today announced that Paxar Corporation(NYSE: PXR) has terminated its arrangement with the Companypursuant to which it purchased the Company's products. During theyear ended December 31, 1998, Paxar Corporation accounted forrevenues of approximately $600,000 or 24% of the Company's totalrevenues. The loss of that customer will have a material adverseeffect upon the Company's results of operations and upon itsliquidity and capital resources. The Board of Directors isconsidering appropriate steps to reduce the Company's expensesand continues to explore options to restructure the Company'soperations, including seeking a potential business combination.However, as of the date of this release, any such discussions arevery preliminary and there can be no assurance that the Companywill be able to successfully address the revenue and expenseissues it needs to address. As of the date of this release, the Company has sufficientcash to remain in business for the near term, based upon itscurrent expense level. The Company expects that it will be ableto service its remaining business while it continues to exploreits options. Nocopi Technologies, Inc. was founded in 1984 and is based inWest Conshohocken, PA. The Company is engaged in the business ofdeveloping solutions against counterfeiting, product diversion,document security, and authentication via patented technologiesincluding invisible inks and reactive thread. FORWARD-LOOKING INFORMATION The foregoing contains forward-looking information within themeaning of The Private Securities Litigation Act of 1995. Suchforward-looking statements involve certain risks anduncertainties, including those identified in the Company'speriodic filings with the Securities and Exchange Commission.Actual results may differ materially from such forward-lookingstatements. The Company does not undertake to publicly update orrevise its forward-looking statements even if experience orfuture changes make it clear that any projected results(expressed or implied) will not be realized. ots Original TextService: Nocopi Technologies, Inc. Internet:http://www.newsaktuell.de Contact: Jack H. Halperin of NocopiTechnologies, 212-378-1200, ext.105 Web site:http://www.nocopi.com

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