Investor
Contacts:
|
|
Richard
T. Schumacher, President & CEO
|
Pressure
BioSciences, Inc.
|
Edward
H. Myles, Vice President of Finance & CFO
|
(508)
580-1818 (T)
|
Pressure
BioSciences, Inc. Selects UHY, LLP
as
the Company’s Independent Registered Public Accounting
Firm
West
Bridgewater, MA, September 20, 2006 - Pressure BioSciences, Inc. (NASDAQ: PBIO)
today announced that it has selected UHY, LLP to be the Company's independent
registered public accounting firm, effective immediately. UHY,
LLP
replaces Weinberg & Co., who served as the Company’s independent registered
public accounting firm since 2003. The selection of a new auditing firm was
not
the result of any disagreement between the Company and its previous auditors
on
any matter of accounting practices or financial disclosure.
UHY,
LLP
was ranked the 15th largest professional services firm in the US, according
to
the 2006 Top 100 Accounting Firms in Accounting Today, and serves public
companies and middle market and privately-owned companies in multiple industry
segments.
Pressure
BioSciences, Inc. selected UHY, LLP principally based on its depth of knowledge;
experience in the middle market; and its local, national, and international
presence. The firm has 16 offices in the United States and is an independent
member of UHY International, which has over 150 offices in 50
countries.
With
more
than thirty years of experience, UHY, LLP is registered with the Public Company
Accounting Oversight Board ("PCAOB") to perform audits of financial statements
and internal controls of SEC registrants, and PBI is pleased to have engaged
an
audit firm that has such depth and experience to serve the Company's audit
and
compliance needs for the foreseeable future.
About
Pressure BioSciences, Inc.
Pressure
BioSciences, Inc. (PBI) is a publicly traded, early-stage company focused on
the
development of a novel, enabling technology called Pressure Cycling Technology
(PCT). PCT uses cycles of hydrostatic pressure between ambient and ultra-high
levels (up to 35,000 psi and greater) to control bio-molecular interactions.
PBI
currently holds 13 US and 5 foreign patents covering multiple applications
of
PCT in the life sciences field, including such areas as genomic and proteomic
sample preparation, pathogen inactivation, the control of enzymes,
immunodiagnostics, and protein purification.
Forward
Looking Statements
Statements
contained in this press release regarding the Company’s intentions, hopes,
beliefs, expectations, or predictions of the future are "forward-looking''
statements within the meaning of the Private Securities Litigation Reform Act
of
1995. These statements are based upon the Company’s current expectations,
forecasts, and assumptions that are subject to risks, uncertainties, and other
factors that could cause actual outcomes and results to differ materially from
those indicated by these forward-looking statements. These risks, uncertainties,
and other factors include, but are not limited to, the risks and uncertainties
discussed under the heading "Risk Factors" in the Company’s Quarterly Report on
Form 10-QSB for the quarter ended June 30, 2006, in the Company’s Annual Report
on Form 10-KSB, as amended, and other reports filed by the Company from time
to
time with the SEC. The Company undertakes no obligation to update any of the
information included in this release, except as otherwise required by law.
Visit
us
at our website http://www.pressurebiosciences.com