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Purfresh Closes $25M Series C Round with $5M from Perella Weinberg Partners

New York Financial Firm Backs Expanded Distribution for Clean Food, Water Solutions

Livermore, Calif. – Feb. 28, 2008 – Purfresh, formerly known as Novazone, Inc., a leading provider of clean solutions for food and water, announced today the final closing of its Series C funding round with an investment of $5 million from Perella Weinberg Partners, a New York-based investment and financial services firm.

“Purfresh is exceptionally well positioned to address the global need for clean food and water,” said Rod Parsley, Partner and Portfolio Manager at Perella Weinberg Partners. “Purfresh’s innovative technologies offer its customers comprehensive and economically compelling solutions to achieve food and water safety.” 

Perella Weinberg Partners’ investment formally closes Purfresh’s Series C round of fundraising at $25 Million; an initial raise of $20 Million was lead by Chilton Investment Company, along with existing investors Foundation Capital, Grauer Capital and Chrysalix Energy Venture Capital.

“We’re excited to work with Perella Weinberg Partners, along with our existing investors, to accelerate the deployment of our clean solutions for food and water,” said Purfresh President and CEO David Cope. “As the global food and water supply chains grow more complex, beverage and produce companies – and the regulatory agencies that oversee their operations - are looking for better ways to ensure product quality and safety. This is a massive market with incredible growth prospects, and Purfresh is leading the pack with our clean technology offerings.”

About Perella Weinberg Partners
Launched in June 2006, Perella Weinberg Partners is an independent, privately owned financial services firm that provides corporate advisory and asset management services to clients around the world. Today, in its Austin, London, and New York offices, the firm comprises 31 partners and approximately 175 employees recruited from a wide variety of leading financial institutions. Perella Weinberg Partners has raised over $1 billion from a global group of investors to establish the operations of the firm and to fund its asset management initiatives. For further information, please visit www.pwpartners.com.

About Purfresh, Inc.