Pressure BioSciences, Inc. Reports Third Quarter 2007 Financial Results and Provides Busin...(e; and the Company may be unable todevel...),Health

Date:11/12/2007

e; and the Company may be unable to develop new PCT-related products that achieve commercial acceptance or the status of "best-in-class" sample preparation method. 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.

Visit us at our website http://www.pressurebiosciences.com

Consolidated Balance Sheets (Unaudited)

September 30, December 31,

ASSETS 2007 2006

CURRENT ASSETS

Cash and cash equivalents $6,005,462 $5,335,282

Accounts receivable 75,142 37,495

Inventories 238,109 19,658

Prepaid income taxes 56,863 38,687

Income tax receivable 23,494 710,013

Prepaid expenses, deposits, and other

current assets 583,418 246,776

Investments in marketable securities - 2,060,875

Total current assets 6,982,488 8,448,786

PROPERTY AND EQUIPMENT, NET 233,773 207,696

OTHER ASSETS

Intangible assets, net 340,448 376,922

Assets of discontinued operation - 1,420,996

Total other assets
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SOURCE Pressure BioSciences, Inc. Copyright©2007 PR Newswire. All rights reserved

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