Patient Safety Technologies Reports Third Quarter 20...(rket differentiated products and commerc...),Health

Date:11/24/2008

rket differentiated products and commercialize its product pipeline. Patient Safety Technologies cautions investors that there can be no assurance that actual results or business conditions will not differ materially from those projected or suggested in such forward-looking statements as a result of various factors, including, but not limited to, the following: the growth rate of the sponge market, uncertainty of success in developing new products or products currently in SurgiCount's pipeline, the ability to develop and expand its business in the United States, unanticipated expenses or liabilities or other adverse events affecting cash flow or SurgiCount's ability to successfully control its costs or achieve profitability uncertainty of additional funding, SurgiCount's ability to compete with other competing products and with emerging new technologies, product liability exposure, patent infringement claims and claims related to SurgiCount's intellectual property. Please refer to the risk detailed from time to time in Patients Safety Technologies SEC reports, including quarterly reports on Form 10-Q, reports on Form 8-K and annual reports on Form 10-K. Patient Safety Technologies, Inc. disclaims any intention or obligation to update or revise any forward-looking statements, whether a result of new information, future events or otherwise, unless required by law.

               PATIENT SAFETY TECHNOLOGIES, INC. AND SUBSIDIARY
              Condensed Consolidated Balance Sheets (Unaudited)
                       (In thousands, except par value)

                                                    September 30, December 31,
                                                        2008          2007
                             Assets

    Current assets:
        Cash and cash equivalents                      $1,038         $405
        Accounts receivable                               325           72
        Inventories 
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SOURCE  Patient Safety Technologies
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