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Preservation Sciences Releases Current Financial Information

Published on 2005-08-31. Author : SpecialChem

St. Petersburg, Florida -- Preservation Sciences, Inc. (OTC Pink Sheets: PSVI), a manufacturer of industrial coatings and preservative technologies, announced that it has released current financials of the first six months of 2005.

This financial information released can be found at pinksheets website. Also, the 2004 audited financials can be downloaded from the above website or from the company's website.

"With the completion of the 2004 independent audit, and the un-audited financials of the first six months of 2005, the company now has the most current financial information available to shareholders," stated Mr. Gary Harrison, Chairman and Chief Executive Officer of Preservation Sciences, Inc.

"I think the most important aspect of the current financial information is the positive effects the restructuring had on the company's balance sheet," Mr. Harrison stated. "If you compare the balance sheet as of December 31, 2004 versus the balance sheet as of June 30, 2005, then you will notice a significant decrease in outstanding debt," Mr. Harrison further stated.

"Now that the company has four consecutive years audited, it opens up other opportunities for the Board and management to consider," Mr. Harrison further stated. "Our goal is to roll our rust inhibitor product into the market, and at the same time examine ways to maximize shareholder value."

About Preservation Sciences, Inc.

Preservation Sciences, Inc. is a company that researches, manufactures and markets preservative products for the food, beverage and industrial markets.

CAUTIONARY NOTE: Statements contained in this press release that are not historical facts are forward-looking statements as the term is defined in the Private Securities Litigation Reform Act of 1995. All forward-looking statements are subject to risks and uncertainties which could cause actual results to differ from the forward-looking statements contained in this release and which may affect the Company's prospects in general.

Source: Preservation Sciences, Inc.


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