Pressure BioSciences, Inc. Reports Second Quarter 2007 Financial Results and Provides Busin... (297237 Income (loss) from ...)

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Pressure BioSciences, Inc. Reports Second Quarter 2007 Financial Results and Provides Business Update

Date:8/19/2007

297,237

Income (loss) from

continuing operations 16,443 (814,261) (243,140) (1,124,296)

DISCONTINUED OPERATIONS:

Gain on sale of net assets

related to discontinued

operations (net of income

tax of $218,060) 1,534,476 - 1,155,973 -

Net Income (loss) $1,550,919 $ (814,261) $912,833 $(1,124,296)

Income (loss) per share

from continuing operations

- basic $ 0.01 $(0.34) $(0.12) $(0.46)

Income per share from

discontinued operations

- basic 0.74 - 0.56 -

Net income (loss) per share

- basic $ 0.75 $(0.34) $ 0.44 $(0.46)

Income (loss) per share from

continuing operations

- diluted $ 0.01 $(0.34) $(0.12) $(0.46)

Income per share from

discontinued operations

- diluted 0.67 - 0.56 -

Net income (loss) per share

- diluted $ 0.68 $(0.34) $ 0.44 $(0.46)

Weighted average number of

shares used to calculate

income (loss) per share

- basic 2,065,425 2,426,167 2,065,425 2,425,183

Weighted average number of

shares used to calculate

income (loss) per share

- diluted 2,296,930 2,426,167 2,065,425 2,425,183

Consolidated Balance Sheets

(UNAUDITED)

June 30, December 31,

ASSETS 2007 2006

CURRENT ASSETS

Cash and cash equivalents $6,803,674 $ 5,335,282

Accounts receivable
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SOURCE Pressure BioSciences, Inc.

Copyright©2007 PR Newswire.

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