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Pressure BioSciences, Inc. Announces $850,000 NIH SBIR Phase II Award for the Development of a New PCT-dependent System for Improved Biomarker Discovery, Diagnostics, and Drug Discovery
Date:6/24/2008

under the Grant are not released to the Company; that due to unforeseen technological difficulties, the Company may be unable to develop a new commercially successful PCT-based system for the extraction of protein biomarkers; the possibility that due to the nature of the research being performed, other laboratories and scientists may not find the use of PCT to be as advantageous as demonstrated in the SBIR Phase I report and anticipated in the SBIR Phase II grant proposal; that due to unforeseen future competitive products, services, and technological advances, PCT may not be the preferred method of sample preparation by other scientists and laboratories; and the other risks and uncertainties discussed under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2007, 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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