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Pressure BioSciences, Inc. Reports 2007 Financial Results and Provides Business Update
Date:3/12/2008

cing on acceptable terms; the Company's new external sales force may not be successful in selling the Company's PCT product line because scientists may not perceive the advantages of PCT over other sample preparation methods; and the Company may be unable to develop new PCT-related products that are perceived by potential customers as having advantages over current technologies and techniques. Additional risks and uncertainties that could cause actual results to differ materially from those indicated by these forward-looking statements are discussed under the heading "Risk Factors" in the Company's Annual Report on Form 10-KSB for the year ended December 31, 2006, and other reports filed by the Company from time to time with the SEC. The Company undertakes no obligation to update any of the information included in this release, except as otherwise required by law.

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Consolidated Balance Sheets

December 31,

ASSETS 2007 2006

CURRENT ASSETS

Cash and cash equivalents $5,424,486 $5,335,282

Accounts receivable 118,471 37,495

Inventories 172,548 19,658

Deposits 553,483 175,300

Prepaid income taxes 56,863 38,687

Income tax receivable 249,541 710,013

Prepaid expenses and other current assets 94,783 71,476

Investments in marketable securities - 2,060,875

Total current assets 6,670,175 8,448,786

PROPERTY AND EQUIPMENT, NET 257,797 2
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SOURCE Pressure BioSciences, Inc.
Copyright©2008 PR Newswire.
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