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PLC Systems Reports First Quarter 2012 Results
Date:5/15/2012

re intended to identify forward-looking statements. Our statements of our objectives are also forward-looking statements. While we may elect to update forward-looking statements in the future, we specifically disclaim any obligation to do so, even if our estimates change, and you should not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this press release. Actual results could differ materially from those indicated by such forward-looking statements as a result of a variety of important factors, including that we may not receive necessary regulatory approvals to market our RenalGuard product or that such approvals may be withdrawn, the U.S. clinical trial for RenalGuard may not be completed in a timely fashion, if at all, or, if this clinical trial is completed, it may not produce clinically significant or meaningful results, the RenalGuard product may not be commercially accepted, operational changes, the need for additional financing, competitive developments may affect the market for our products, regulatory approval requirements may affect the market for our products, and additional risk factors described in the "Forward Looking Statements" section of our Annual Report on Form 10-K for the year ended December 31, 2011, a copy of which is on file with the SEC.

PLC Systems, PLC Medical Systems, PLC, RenalGuard and RenalGuard System are trademarks of PLC Systems Inc.
Novadaq is a trademark of Novadaq Technologies, Inc.

(Financial tables follow)PLC SYSTEMS INCCONSOLIDATED STATEMENTS OF OPERATIONS(In thousands, except per share data)

(Unaudited)Three Months EndedMach 31,20122011Revenues$20$57Cost of revenues13140Gross profit (loss)7(83)Operating expenses:Selling, general and administrative665593Research and development51573Total operating expenses1,176666Loss from continuing operations1,169749Other income (expense):Interest expense(116)(46)Foreign currency transaction g
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