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PLC Provides Update on Financing Efforts and RenalGuard(R) Program
Date:2/4/2010

FRANKLIN, Mass., Feb. 4 /PRNewswire-FirstCall/ -- PLC Systems Inc. (OTC Bulletin Board: PLCSF), a company focused on innovative cardiac and vascular medical device-based technologies, announced today that it has developed a new strategic plan for its RenalGuard® program and is implementing additional cost-saving measures as it continues to seek financing for the Company. Key elements of the plan consist of engaging a financial advisor to assist the company with developing partnerships and raising funds for its RenalGuard business, and reducing costs by outsourcing manufacturing of RenalGuard.  PLC is continuing to focus on increasing RenalGuard sales opportunities, having signed three new distributors, and is continuing to support the on-going scientific trials of RenalGuard in Italy.

Said Mark R. Tauscher, chief executive officer of PLC, "We believe that our RenalGuard technology has significant value, and working with our Board, we have developed a strategic plan to explore available opportunities to realize and maximize this value for the benefit of the Company and its shareholders.  We are hopeful that the steps we are taking will help expand RenalGuard's reach and raise visibility among potential partners who can assist us in bringing our innovative technology to more potential customers."

Financial Advisor Engaged

PLC announced that it has engaged Natixis Bleichroeder LLC as its financial advisor to assist with efforts to raise additional capital and to explore other strategic options for the RenalGuard program, including helping to identify and develop potential strategic partnerships.

Cost Structure Moves

In connection with its ongoing efforts to reduce costs, PLC also announced that it has reduced it
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SOURCE PLC Systems Inc.
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