PST ProShares UltraShort Lehman 7 10 Year Treasury

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.