SOURCE: Produce Safety & Security International, Inc.

October 17, 2007 08:30 ET

Produce Safety & Security International Receives New Ticker Symbol

IRVING, TX--(Marketwire - October 17, 2007) - Produce Safety & Security International, Inc. (PINKSHEETS: PDSF) announced today that the Company has completed the restructuring of its stock, effective October 17, 2007, and will be trading under the new ticker symbol (PINKSHEETS: PDSS). The Company has implemented a 1,000 to 1 reverse stock split of its outstanding common stock for shareholders of record as of October 17, 2007.

The Produce Safety & Security Board of Directors approved the capital restructuring to better position the Company for investment, reduce market volatility and position itself for profitability. The Company is currently supporting METSS Corp. in the SBIR trials for the U.S. Navy and Air Force by providing METSS with engineering assistance and processing techniques on its unique Ozone Spray development. Along with the METSS Proposal, Produce Safety & Security has also submitted a proposal to Gambles Produce of Ontario to provide the Ozone Spray technology to its processing plant in Toronto to decrease food-borne illnesses on produce shipped throughout Canada.

"The restructuring of the Company's common stock has been completed. We feel that Produce Safety & Security is on the path to profitability. Our new Ozone Spray technology will provide a positive alternative to the issues of food safety in the U.S. and Canada," stated Clarence W. Karney, CEO of Produce Safety & Security International, Inc.

About Produce Safety & Security International, Inc.:

Produce Safety has developed and patented products for extending the shelf life of perishables. The EPA-registered products sanitize and disinfect against food-borne illness pathogens and disease-causing bacteria. This process will help retail produce departments reduce shrinkage, increase the bottom line and provide a fresher product for the consumer. The Company provides a range of options for retail stores, restaurants, cruise ship lines, disaster cleanups and municipal programs. Furthermore, the process incorporates a complete audit trail, an essential component for complying with government regulations in the USA, Canada, and Mexico.

Safe Harbor: Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the safe harbors created thereby. The Company is a development stage company who continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.

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Contact Information

  • Contact:
    Produce Safety & Security International, Inc.
    Investor Relations
    1-866-THE-APPL(E)