Patient Safety Technologies Appoints New Chief Financial Officer

TEMECULA, Calif., Oct. 27 /PRNewswire-FirstCall/ — Patient
Safety Technologies, Inc. (the “Company”) (OTCBB: PSTX) today
announced the appointment of David Dreyer as Vice President and
Chief Financial Officer.  Mr. Dreyer will be responsible for
the finance, accounting and reporting requirements for the Company
and its wholly-owned operating subsidiary, SurgiCount Medical, as
well as play a key role in various strategic initiatives and
operational improvements.

“We are pleased to welcome David to the team and look forward to
the addition of a proven healthcare executive with a depth of
public company experience,” said Brian E. Stewart, President and
Chief Executive Officer.  

Mr. Dreyer is a certified public accountant and brings over 20
years of experience as a Chief Financial Officer and senior
executive in the healthcare industry.  He has been the CFO of
multiple publicly traded companies and has worked for a wide range
of organizations in his career, including AMN Healthcare Services,
AlphaStaff Inc., Sicor, Inc., Elan Pharma, Athena Neurosciences,
Syntex Corporation and Arthur Andersen & Company.  David
brings an extensive background in SEC reporting, corporate
governance and SOX compliance as well as financial reporting,
forecasting and the implementation of ERP systems.  He has
successfully led numerous financings as well as a variety of
strategic M&A and divestiture transactions.

“I am very excited at the future opportunities SurgiCount
Medical offers, and look forward to working with Brian, the board
of directors and the entire management team,” commented Mr.
Dreyer.

About Patient Safety Technologies, Inc. and SurgiCount
Medical

Patient Safety Technologies, Inc., through its wholly owned
operating subsidiary SurgiCount Medical, Inc., provides the
Safety-Sponge® System, a solution proven to improve patient
safety and reduce healthcare costs by preventing one of the most
commo

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