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

>

related to discontinued

operations (net of

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

Net (loss) income $(1,570,651) $1,550,919 $(2,911,756) $912,833

(Loss) income per share

from continuing

operations - basic $(0.72) $0.01 $(1.33) $(0.12)

Income per share from

discontinued operations

- basic - 0.74 - 0.56

Net (loss) income per

share - basic $(0.72) $0.75 $(1.33) $0.44

(Loss) income per share

from continuing operations

- diluted $(0.72) $0.01 $(1.33) $(0.12)

Income per share from

discontinued operations -

diluted - 0.67 - 0.56

Net (loss) income per share

- diluted $(0.72) $0.68 $(1.33) $0.44

Weighted average number of

shares used to calculate

(loss) income per share

- basic 2,193,598 2,065,425 2,192,883 2,065,425

Weighted average number of

shares used to calculate

(loss) income per share

- diluted 2,193,598 2,296,930 2,192,883 2,065,425

Consolidated Balance Sheets

June 30, December 31,

ASSETS 2008 2007

CURRENT ASSETS

Cash and cash equivalents $2,835,771 $5,424,486

Accounts receivable 122,958 118,471

Inventories 676,516 172,548

Deposits 15,472 553,483

Prepaid income taxes 58,463 56,863

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

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