|
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.
|