PST ProShares UltraShort Lehman 7 10 Year Treasury

Patient Safety Technologies, Inc. (AMEX:PST) announced today that it will realize revenues in 2006 from its wholly-owned subsidiary, SurgiCount Medical, Inc. The Company expects to give full-year guidance during the first quarter of 2006. "The SurgiCount management team has done an extraordinary job to bring this product to market, which is so desperately needed in surgical procedures," said Milton "Todd" Ault III, PST's Chairman and CEO. "In a short period of time, we have created a safer and more efficient product that creates a better environment in the Operating Room. The stent market has created a model for what our business can become. Boston Scientific took a commodity and turned it into an enhanced medical product, creating a much larger market opportunity in the cardiovascular area. We hope to enhance the market in a similar way for our product." Patient Safety Technologies, Inc. (PST) is a holding company that owns assets in various businesses, including healthcare, real estate and merchant banking. Its healthcare division, SurgiCount Medical, Inc., is a developer and manufacturer of patient safety products and services, working toward becoming the leader in the patient safety sector. SurgiCount's focus is on surgical safety and its patient safety device, the Safety-Sponge(TM) System. The Safety-Sponge System is a machine-readable surgical sponge that 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 statement 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.