Layoffs: Pressure BioSciences

PRESS RELEASE

Pressure BioSciences, Inc. Reports 2008 Financial Results, Provides Business Update

SOUTH EASTON, Mass., Mar 31, 2009

Pressure BioSciences, Inc. (PBIO) ("PBI" and the "Company") today announced financial results for the fiscal year ended December 31, 2008 and provided a business update.
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Joseph L. Damasio, Jr., Corporate Controller commented: "During the second half of 2008, we instituted a number of cost reduction measures, including a comprehensive restructuring program to significantly reduce expenditures, centralize core operations, and refocus our business strategy in specific areas where our products had already found market acceptance.
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We expect that our operating costs and expenses will continue to decrease during the year, and that our resulting cash burn should be less than $600,000 per quarter, on average
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