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Precision Therapeutics President and CEO Sean McDonald Named Ernst & Young Entrepreneur of the Year(R) 2008 Regional Award Winner
Date:7/2/2008

PITTSBURGH, July 2 /PRNewswire/ -- Precision Therapeutics today announced that its President and Chief Executive Officer Sean McDonald received the Ernst & Young Entrepreneur of the Year(R) 2008 Award in the Applied Science category in the Upstate New York, Western Pennsylvania and West Virginia region. This award recognizes outstanding entrepreneurs who are building and leading dynamic growth businesses. McDonald was selected by an independent panel of judges and the award was presented at an Ernst & Young Entrepreneur of the Year gala event at the Carnegie Music Hall in Pittsburgh on Friday, June 27, 2008.

"Being named an Ernst & Young Entrepreneur of the Year is a great honor for me and my team as we work towards our goal of improving the lives of people living with cancer," said McDonald. "This is not only a win for Precision; it is also a win for the growing life science industry in the Pittsburgh region."

Sean joined Precision Therapeutics in 2001 and serves as President and CEO. Prior to joining Precision, Sean founded Automated Healthcare in 1992, developing the first robotics-based solution to hospital pharmacy management. Automated Healthcare was successfully acquired by McKesson Corporation in 1996. In addition to his current award, Sean has been recognized with a 1999 Ernst & Young Entrepreneur of the Year Award, a 1999 Carnegie Award for Excellence in Science and Technology, the Smithsonian Institution Award for heroic achievement in information technology, and the Pittsburgh Life Sciences Greenhouse 2004 PIONEER award. Sean received a BS in Engineering from the University of Pennsylvania and an MS in Electrical Engineering and Computer Science from the University of Florida.

About Precision Therapeutics

Precision Therapeutics is a diagnostics services company dedicated to providing physicians and patients with actionable clinical information to personalize cancer treatments. Precision's ChemoFx(R) test measures an individual patient's tumor response to a range of therapeutic alternatives under consideration by a physician.

For more information, please visit http://www.precisiontherapeutics.com.

About Ernst & Young's Entrepreneur Of The Year

Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Ernst & Young's Entrepreneur Of The Year is the world's most prestigious business award for entrepreneurs. The award makes a difference through the unique way it encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global award of its kind, Ernst & Young Entrepreneur Of The Year celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 135 cities in 50 countries.

For more information, please visit http://www.ey.com.


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