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PLC Systems Reports Second Quarter 2008 Results
Date:8/6/2008

FRANKLIN, Mass., Aug. 6 /PRNewswire-FirstCall/ -- PLC Systems Inc. (Amex: PLC), a company focused on innovative cardiac and vascular medical device-based technologies, today reported financial results for the three and six month periods ended June 30, 2008.

Second quarter 2008 total revenues were $1,310,000 compared with $1,932,000 in the second quarter of 2007. The net loss for the second quarter of 2008 was $671,000, or $0.02 per diluted share, compared to a net loss of $363,000, or $0.01 per diluted share, in the second quarter of 2007.

Mark R. Tauscher, president and chief executive officer of PLC Systems Inc., stated, "As we recently announced, we have elected to defer the onset of our U.S. pivotal trial for RenalGuard(TM) for the prevention of Contrast-Induced Nephropathy (CIN), but we are moving forward with our limited launch of RenalGuard in Italy as well as continuing our support of the investigator-sponsored clinical trial that is taking place at the Cardiologico Centrino Monzino (CCM)-University of Milan. As we also announced, we are now targeting several additional applications for RenalGuard that are well suited to utilize its automated fluid balancing capabilities, thus demonstrating even greater value to medical institutions from our technology. We hope that by showing broader market applications for RenalGuard, combined with what we expect to be positive clinical data from the Italian study, we will be able to raise the additional funding necessary to complete our U.S. pivotal trial and plan for our U.S. market launch."

Mr. Tauscher added, "In our TMR business, TMR kit shipments in the second quarter were essentially level with the first quarter of this year, with a slight reduction in U.S. kit shipmen
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SOURCE PLC Systems Inc.
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