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Pressure BioSciences, Inc. Reports Second Quarter 2007 Financial Results and Provides Business Update
Date:8/19/2007

rd T. Schumacher, President & CEO

Edward H. Myles, Senior Vice President of Finance & CFO

PressureBioSciences, Inc.

(T) 508-580-1818

Consolidated Statements of Operations

(UNAUDITED)

For the Three For the Six

Months Ended Months Ended

June 30, June 30,

2007 2006 2007 2006

REVENUE:

PCT Products, services, other $136,355 $28,783 $174,297 $82,197

Grant revenue 65,772 - 159,451 -

Total revenue 202,127 28,783 333,748 82,197

COSTS AND EXPENSES:

Cost of PCT products and

services 57,629 47,104 89,282 98,650

Research and development 538,015 401,500 999,547 660,319

Selling and marketing 350,823 128,005 607,354 195,384

General and administrative 624,462 595,481 1,105,544 1,285,107

Total operating costs and

expenses 1,570,929 1,172,090 2,801,727 2,239,460

Operating loss from

continuing operations (1,368,802)(1,143,307)(2,467,979) (2,157,263)

OTHER INCOME:

Realized gain on securities

available for sale 1,301,247 - 2,028,720 517,938

Interest income 80,482 109,287 152,084 217,792

Total other income 1,381,729 109,287 2,180,804 735,730

Income (loss) from

continuing operations

before income taxes 12,927 (1,034,020) (287,175) (1,421,533)

Income tax benefit from

continuing operations 3,516 219,759 44,035
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SOURCE Pressure BioSciences, Inc.

Copyright©2007 PR Newswire.

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