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Pressure BioSciences, Inc. Reports Second Quarter 2014 Financial Results and Provides Business Update
Date:8/14/2014

new business(es) generate a revenue stream for PBI through royalty payments, licensing agreements, equity ownership, etc., while bringing investor and industry awareness to PBI and our powerful PCT Platform. IssuWorks is led by Mr. David Weild, a former vice-Chairman of NASDAQ, former head of global equity transactions at Prudential Securities, and the person many consider to be the 'Father of the JOBS Act'."

Mr. Richard P. Thomley, Chief Financial Officer of PBI, commented: "We are focused on the achievement of a number of important goals during the second half of 2014. Specifically, we believe we can:

  • Continue to increase products and services revenue over 2013 levels.
  • Be in a position to decide on the possible spin-off of selective PCT applications into new, stand-alone businesses designed to generate a revenue stream and favorable visibility for PBI.
  • Secure a strategic marketing and distribution partner for the new Barozyme HT48 high throughput system.
  • Complete the manufacture of 25 Barozyme HT48 and HUB880 instruments and ready them for sale.
  • Develop and implement a successful marketing campaign for the recently released, patent-pending micro-Pestle that has the potential to significantly add to products revenue during the second half of 2014.
  • Continue our measureable progress in developing a sound financial roadmap for future growth."
  • About Pressure BioSciences, Inc. Pressure BioSciences, Inc. ("PBI") (OTCQB: PBIO) develops, markets, and sells proprietary laboratory instrumentation and associated consumables to the estimated $6 billion life sciences sample preparation market. Our products are based on the unique properties of both constant (i.e., static) and alternating (i.e., pressure cycling technology, or PCT) hydrostatic pressure. PCT is a patented enabling technology platform that uses alternating cycles of hydrostatic pressure between ambient and ultra-high levels
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    SOURCE Pressure BioSciences, Inc.
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