Patient Safety Technologies' Subsidiary Seeks Own Capital and Financing Structure

Patient Safety Technologies, Inc. (AMEX:PST) announced
today that the Board of Directors, following a meeting held on May 18,
2006, authorized Automotive Services Group ("ASG") to seek its own
private capital and financing structure.
   "PST's decision to allow ASG to seek its own capital is a decision
we support and one that will enable ASG to move forward and allow
greater focus on achieving our milestones and pursuing our own
mission," commented Darrell Grimsley, ASG's Chairman and CEO.
   As ASG is one of the last remaining operating companies of PST
that is not in the healthcare industry, this measure will help pave
the way for PST to operate as a pure healthcare company.

   Automotive Services Group, Inc.

   Automotive Services Group is a wholly owned subsidiary of PST
which operates a fast and eco-friendly automated car wash called
"Bubba's Express Car Wash" and owns various pieces of property for
expansion. For more information, visit www.bubbasexpress.com.

   About Patient Safety Technologies, Inc.

   Patient Safety Technologies, Inc. (PST) is a holding company that
owns assets in various businesses. Its wholly-owned subsidiary,
SurgiCount Medical, Inc., is a developer and manufacturer of patient
safety products and services. For more information on Patient Safety
Technologies, Inc., please contact the company directly at
310-895-7750, or by email at [e-mail] or
www.patientsafetytechnologies.com.

   FORWARD-LOOKING STATEMENTS

   This press release contains certain forward-looking statements.
These forward-looking statements can generally be identified as such
because the context of the statement will include words such as
Patient Safety Technologies "expects," "should," "believes,"
"anticipates" or words of similar import. Stockholders, potential
investors and other readers are cautioned that these forward-looking
statements are predictions based only on current information and
expectations that are inherently subject to risks and uncertainties
that could cause future events or results to differ materially from
those set forth or implied by the forward-looking statements. Certain
of those risks and uncertainties are discussed in the Patient Safety
Technologies filings with the Securities and Exchange Commission,
including Patient Safety Technologies annual report on Form 10-K and
quarterly reports on Form 10-Q. These forward-looking statements are
only made as of the date of this press release and Patient Safety
Technologies does not undertake any obligation to publicly update such
forward-looking statements to reflect subsequent events or
circumstances.