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Pressure BioSciences, Inc. Discusses Record Third Quarter Revenue, Strong Fourth Quarter Guidance, Significant Progress on New Instrument Systems, and Expectation to Pay-Off All Outstanding Convertible Notes at the SeeThruEquity Financial Conference
Date:11/18/2013

SOUTH EASTON, Mass., Nov. 18, 2013 /PRNewswire/ -- Pressure BioSciences, Inc. (OTCQB: PBIO) ("PBI" or the "Company") today announced that Mr. Richard T. Schumacher, the Company's President and CEO, presented a business and financial update on the Company at the November 12th SeeThruEquity Investor Conference in New York City. 

Among the topics discussed by Mr. Schumacher were:

  • the Company's all-time record quarterly revenue, as reported in the fiscal 2013 third quarter;
  • revenue and earnings guidance for the fourth quarter of fiscal 2013 to date (Mr. Schumacher disclosed that the Company's product revenue through the first five weeks of its current fiscal fourth quarter  has already surpassed product revenue for the entire fourth quarter of fiscal 2012).
  • the significant progress made by the Company in the development of its Barocycler HUB880 and the Barocycler High Throughput (microwell) pressure cycling technology ("PCT")-based instrument systems, and the expectation for the products' Q1 2014 and Q2 2014 commercial releases, respectively.
  • the expectation for the Company to  repay all outstanding convertible notes prior to maturity.

Mr. Richard T. Schumacher, President and CEO of PBI, commented: "We believe that our financial condition will be materially better by years' end than it has been for several years, due to the expected repayment of all convertible notes currently outstanding, combined with expected strong F2013 Q4 operating results, new debt under more favorable terms, and an anticipated fiscally-responsible equity infusion."

Mr. Schumacher continued, "With the expected launch of two new instrument systems during the first half of next year, both of which are expected to add significantly to 2014 revenue, and our continued vi
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SOURCE Pressure BioSciences, Inc.
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