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Pressure BioSciences, Inc. Reports Third Quarter 2007 Financial Results and Provides Business Update
Date:11/12/2007

WEST BRIDGEWATER, Mass., Nov. 12 /PRNewswire-FirstCall/ -- Pressure BioSciences, Inc. (Nasdaq: PBIO) ("PBI") today announced that total revenue for the three months ended September 30, 2007 was $138,052 compared to $92,211 for the same period in 2006, an increase of approximately 50%. Revenue from the sale of PCT products and services was $106,787 for the quarter as compared to $92,211 for the same period in the prior year. This increase in revenue from PCT products and services was primarily the result of a record number of installations of the Company's PCT Sample Preparation System ("PCT System") -- the total number of PCT Systems installed during the quarter was eight as compared to three in the same period in 2006. Also contributing to this increase in revenue was an increase in the number of PULSE Tubes sold, revenue from PCT Systems under lease, and the recognition of extended service contract revenue. The Company also recorded $31,265 of grant revenue during the third quarter of 2007. During the same period in 2006, no grant revenue was recorded.

The Company reported total revenue of $471,799 for the nine months ended September 30, 2007 as compared to $174,409 for the nine months ended September 30, 2006, an increase of approximately 171%. Revenue from the sale of PCT products and services was $281,084 for the nine months ended September 30, 2007 as compared to $174,409 for the same period in the prior year. This increase in revenue from PCT products and services was primarily the result of a total of thirteen installations of PCT Systems (sale of eleven and the lease of two) in the first nine months of 2007 versus five in the first nine months of 2006. Also contributing to this increase in revenue was a
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SOURCE Pressure BioSciences, Inc.
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