Pressure BioSciences Closes Additional $1,100,000 of $5 Million PIPE; Total Funds Received to Date Reach $3,280,000

PIPE Proceeds Used to Eliminate 70% of Variable Rate Convertible Debt, Expand Marketing and Sales Capabilities, Add Manufacturing Personnel, Increase Instrument and Consumables Inventory, and Help Secure Expected Record Third Quarter Revenue SOUTH EASTON, Mass., Sept. 28, 2015, OTCQB, PBIO, /PRNewswire/ Pressure BioSciences, Inc. (OTCQB: PBIO) ( PBI and the Company ), a leader in the development and sale of broadly enabling, pressure cycling technology ( PCT )-based sample preparation solutions to the worldwide life sciences industry, today announced it has received gross proceeds of $1,100,000 from an additional closing of its $5 million Private Placement (the Offering ), increasing the total amount raised to date in the Offering to $3,280,000. One or more additional closings are expected in the near future. Pursuant to the Subscription Agreement, the Company will issue to the investors, Senior Secured Convertible Debentures with a fixed conversion price of $0.28 per restricted commo
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