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Pressure BioSciences, Inc. Reports Second Quarter 2008 Financial Results and Provides Business Update
Date:8/14/2008

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Consolidated Statements of Operations

For the Three Months For the Six Months

Ended Ended

June 30, June 30,

2008 2007 2008 2007

REVENUE:

PCT Products, services,

other $117,698 $136,355 $199,171 $174,297

Grant revenue 2,486 65,772 53,389 159,451

Total revenue 120,184 202,127 252,560 333,748

COSTS AND EXPENSES:

Cost of PCT products and

services 88,434 57,629 136,883 89,282

Research and development 461,672 538,015 952,603 999,547

Selling and marketing 521,606 350,823 984,767 607,354

General and administrative 635,672 624,462 1,136,920 1,105,544

Total operating costs

and expenses 1,707,384 1,570,929 3,211,173 2,801,727

Operating loss from

continuing operations(1,587,200) (1,368,802) (2,958,613) (2,467,979)

OTHER INCOME:

Realized gain on securities

available for sale - 1,301,247 - 2,028,720

Interest income 16,549 80,482 46,857 152,084

Total other income 16,549 1,381,729 46,857 2,180,804

(Loss) income from

continuing operations

before income taxes (1,570,651) 12,927 (2,911,756) (287,175)

Income tax benefit

from continuing

operations - 3,516 - 44,035

(Loss) income from

continuing operations(1,570,651) 16,443 (2,911,756) (243,140)

DISCONTINUED OPERATIONS:

Gain on sale of net assets'/>"/>

SOURCE Pressure BioSciences, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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