Pressure BioSciences ended the third quarter of this year with $6.0 million in cash. The use of cash by operations matched up with expectations that the company’s cash position could finance operations into the last part of 2008.

In March, the company sent a purchase order to Source Scientific, LLC to purchase 20 Barocycler NEP3229 units and 9 Barocycler NEP2320 units. The finished products will remain at Source Scientific until needed, then be shipped directly to Pressure BioSciences’ customers. The company anticipates that all of these units will be completely fabricated and available for sale early next year.

Because Pressure BioSciences already took possession of all 9 of the Barocycler NEP2320 units, another purchase order was sent to purchase an additional 40 Barocycler NEP2320 units. This second order is expected to be completed by the end of 2007 or early 2008.

Pressure BioSciences intends to continue increasing its level of activity in all areas for the rest of 2007 and into the New Year. The Company’s also plans to increase spending on selling and marketing activities, which will further raise awareness of their technology within the scientific community.

Let us hear your thoughts: Pressure BioSciences, Inc. Message Board