SurgiCount Medical Receives a $2 Million Purchase Order For Its Patented Safety-Sponge(TM) Product

  
    
  
  
    
      Patient Safety Technologies, Inc. (AMEX:PST) announced today that 
      SurgiCount Medical, Inc. (“SurgiCount”), 
      the Company’s wholly owned subsidiary, has 
      received a $2 Million purchase order from its national exclusive 
      distribution partner of the Safety-Sponge™ 
      System. The Safety-Sponge system utilizes data matrix tagged bulk and 
      sterile gauze sponges in combination with line of sight scanning 
      technology. This system allows the nurses to physically track and 
      account for the individual sponges through the entire surgical 
      procedure. SurgiCount’s patented computer 
      assisted counting process has a direct positive impact on retained 
      sponge incidents, nursing practices and patient safety.
    
    
      “This purchase order is a significant 
      milestone for SurgiCount as it validates what we have experienced in the 
      market in that the medical community is committed to advancing the cause 
      of patient safety and the Safety-Sponge™ 
      System is seen as a cost effective solution in addressing this 
      commitment,” commented Bill Adams, SurgiCount’s 
      CEO. “With nearly 5,000 hospitals and surgery 
      centers in the U.S. alone, this initial order represents a mere fraction 
      of hospital sales we could ultimately capture.”
    
    
      “We are excited about the speed in which our 
      exclusive distribution partner has embraced our Safety-Sponge™ 
      System. Additionally, we are optimistic that this order, which is 
      scheduled for shipment throughout the year, will prove to be an 
      important first step to sufficiently capitalize the Company to 
      profitability and eliminate the financial constraints that have recently 
      beset the Company,” said William B. Horne, PST’s 
      CEO.
    
    
      About SurgiCount Medical, Inc.
    
    
      SurgiCount Medical, Inc. is a developer and manufacturer of patient 
      safety products and services including the Safety-Sponge™ 
      System. The 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. For more 
      information, please contact the company directly at 951-587-6201, or 
      visit www.surgicountmedical.com.
    
    
      About Patient Safety Technologies, Inc.
    
    
      Patient Safety Technologies operates as a holding company with separate 
      operating businesses and separate CEO’s 
      running each business. The flagship of those businesses is SurgiCount 
      Medical, Inc., along with many minority investments in public and 
      private companies. Patient Safety Technologies is traded on Amex:PST.
    
    
      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 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 the Company does not undertake any 
      obligation to publicly update such forward-looking statements to reflect 
      subsequent events or circumstances.