SANTA MONICA, Calif., July 28, 2005 (PRIMEZONE) -- Patient Safety Technologies, Inc. (AMEX:PST) announced today that Jim Schafer has been named Chief Operating Officer of its subsidiary, SurgiCount Medical, Inc. Mr. Schafer arrives at PST and SurgiCount with over 25 years of operations experience in high-tech and medical product development and joins recently appointed Executive VP of Sales & Marketing, Richard Bertran, as the latest addition to SurgiCount's management team.
Mr. Schafer has held senior supply chain, purchasing, and materials management positions for companies targeting medical markets, including Nypro, Inc, C. Brewer, United Plastics Group, SPM/Dynacast and Cimco, Inc.
"Jim's vast experience managing high-tech and medical products operations will be a tremendous asset for PST as we begin manufacturing and roll out of the Safety-Sponge(tm) System for distribution to U.S. and European hospitals," commented Milton "Todd" Ault, III, CEO of PST.
Patient Safety Technologies, Inc. (PST) is a developer, manufacturer and content provider of patient safety products and services, working toward becoming the leader in the patient safety sector. Headquartered in Santa Monica, California, the company's flagship product is its Safety-Sponge(tm) System, which helps in reducing the number of retained sponges and towels in patients during surgical procedures and allows for faster and more accurate counting of surgical sponges. For more information on Patient Safety Technologies, Inc., please contact the company directly at (310) 752-1416, or by email at info@patientsafetytechnologies.com or http://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 "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 the Patient Safety Technologies filings with the Securities and Exchange Commission, including Patient Safety Technologies 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.