Patient Safety Technologies to Explore Strategic Opportunities and Alternatives For Its SurgiCount Medical Subsidiary

Patient Safety Technologies, Inc. (AMEX:PST) announced
today that it has engaged Ault Glazer Bodnar Securities LLC, an
investment banking firm affiliated with the Company's former chairman,
to assist the Board of Directors in exploring and evaluating a range
of possible strategic opportunities and alternatives to maximize
shareholder value, including acquisitions, financings, spin-offs, or
the sale, merger or joint venture of the Company's wholly-owned
subsidiary SurgiCount Medical, to or with, another entity or
healthcare provider offering strategic opportunities for growth.
   "In order to fully realize the growth potential inherent in the
Company's core healthcare brand and businesses we have built to date,
we are evaluating strategic alternatives in order to expand our scale
and maximize value for our shareholders. We have recently received
several unsolicited inquiries regarding our healthcare business, and
believe this preliminary interest shows that there is awareness of our
strength and attractive qualities in SurgiCount's business model. We
think that this interest, coupled with growing traction for our
products during product evaluation trials at hospitals across the
country, and compelling growth opportunities in the patient safety
markets at large, makes this an ideal time to explore our options,"
said SurgiCount Medical Chairman and CEO, Bill Adams.
   In making the announcement, PST stated that there can be no
assurance that the exploration of strategic alternatives will result
in a transaction. The Company does not currently intend to disclose
developments with respect to the exploration of strategic alternatives
unless and until its Board of Directors has approved a specific
transaction and events warrant.

   About SurgiCount and the Safety-Sponge System

   SurgiCount Medical's Safety-Sponge System works much like a
grocery store check-out system. Every surgical sponge and towel is
pre-labeled by the manufacturer with an individual and unique bar
coded label, and a scanning counter is used to read and record the
labels. No change is required in a hospital's established counting
procedures: sponges are counted and recorded by the system at the
beginning of the procedure and again as they are removed from the
patient. For more information, visit www.surgicountmedical.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 plans, 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 our filings with the
Securities and Exchange Commission, including our 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.