SOURCE: Produce Safety & Security International, Inc.

February 15, 2007 16:53 ET

Produce Safety & Security International, Inc. Releases Financial Update and Results

Produce Safety & Security International, Inc. Shows Positive, 2nd-Quarter, Preliminary, Non-Audited Revenue Results for the Period Ending June 30, 2007

PRESCOTT, AZ -- (MARKET WIRE) -- February 15, 2007 -- Produce Safety & Security International, Inc. (PINKSHEETS: PDSC), a leader in the ozone food processing industry, today provided the following financial update.

PDSC reports an estimated second-quarter gross income of $2,092,500 based on the opening of two new facilities. In late February, the Company will open its food safety processing and distribution center in the Dallas suburb, Garland, Texas. The beginning of March marks the commencement of its Laredo, Texas, cross-docking, truck and food processing sanitation facility.

In addition, Spherequat & Medic Kleen sales from the current paid inventory are expected to push gross income to an excess of $3,000,000 during this time period.

About Produce Safety & Security International, Inc. (PDSC)

PDSC 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. PDSC 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.

PDSC's state-of-the-art ozone process has been shown to extend shelf life and remove food-borne illness bacteria. This process will provide retail produce departments reduced shrinkage, increase the bottom line and provide a fresher product for the consumer. The customer will be assured of a safe food product, by use of this process, which may be used on produce and other consumables to remove the pathogens. This process uses no chemicals thus meeting the requirements of organic certification.

For further product information, joint venture opportunities, distributorship program information, or program applications, please go to PDSC's website http://www.foodsafeint.com.

Safe Harbor

Certain statements in this news release, including statements that we "believe," "expect," "intend," "plan" or words of similar import, are forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include, among other things, the following: general economic and business conditions; competition; unexpected changes in technologies and technological advances; ability to commercialize and manufacture products; results of experimental studies; research and development activities; changes in, or failure to comply with, governmental regulations; and the ability to obtain adequate financing in the future. This information is qualified in its entirety by cautionary statements and risk factors disclosure contained in certain of the Company's Securities and Exchange Commission filings available at http://www.sec.gov.

Contact Information

  • Investor Relations:
    Mercantile Ascendency
    214-461-3500