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Patient Safety Technologies Closes on $2.325 Million in Equity Financing
Date:8/27/2008

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SurgiCount Medical, Inc., a division of Patient Safety Technologies, Inc. (OTC Bulletin Board: PSTX), manufactures the SurgiCount Safety-Sponge(TM) System, a patented FDA 510K approved turn key solution to retained surgical sponges. The system is comprised of surgical sponges and towels affixed with an inseparable two-dimensional data matrix bar code and a SurgiCounter scanner to record each sponge before and after an operation. The SurgiCount Safety-Sponge(TM) System is also the only retained sponge prevention system to offer complete sponge inventory tracking, reporting features sand integration with a medical facility's IT system. For more information, contact SurgiCount at (951) 587-6201, or visit http://www.surgicountmedical.com

Forward-Looking Statements

This press release contains certain forward-looking statements. These forward-looking statements can generally be identified as such because the context of the statement will include words such as Patient Safety Technologies assumes, intends, plans, expects, should, believes or words of similar import. Stockholders, potential investors and other readers are cautioned that these forward-looking statements are predictions based only on current information and expectation that are inherently subject to risks and uncertainties that could cause future events or results to differ materially from those set forth or implied by the forward-looking statements. Certain of those risks and uncertainties are discussed in our filings with the Securities and Exchange Commission, including our annual report on Form 10-K and quarterly reports on Form 10-Q. These forward-looking statements are only made as of the date of this press release and Patient Safety Technologies does not undertake any obligation to publicly update such forward-looking statement to reflect subsequent events or circumstances.


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SOURCE Patient Safety Technologies, Inc.
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