Pressure Biosciences Inc (PBIO)

[Louied91]

$PBIO Pressure BioSciences to Expand on Recent Announcement of Over $1,000,000 in Orders Received by its New Eco-Friendly Agrochem Subsidiary in First Month of Operations

https://www.accesswire.com/660115/pressure-biosciences-to-expand-on-recent-announcement-of-over-1000000-in-orders-received-by-its-new-eco-friendly-agrochem-subsidiary-in-first-month-of-operations

Company Invites Investors, Analysts, and Advisors to Attend Its Real-Time, Interactive
PBI Agrochem Update, Followed by a Q&A Session, on Wednesday, August 18, 2021

SOUTH EASTON, MA / ACCESSWIRE / August 17, 2021 / Pressure BioSciences, Inc. (OTCQB:PBIO) ("PBI" and the "Company"), a leader in the development and sale of innovative, broadly enabling, pressure-based instruments, consumables, and services to the worldwide life sciences, agriculture, food & beverage, and other key industries, today announced the Company's participation in the August 18th Emerging Growth Conference. This real-time, interactive investor conference will feature 10 companies, presenting for 15-45 minutes each. PBI's President and CEO, Mr. Richard T. Schumacher, will be speaking at 11:45 am and will briefly expand on the Company's recent announcement that its new eco-friendly, agrochemical subsidiary (PBI Agrochem, Inc.) has received over $1,000,000 in purchase orders in its first month of operations. The presentation will be followed by a brief Q&A session. Presentation information is below:

DATE: Wednesday, August 18, 2021 (11:45 am EDT)
PRESENTATION: Video Webcast
REGISTER: Click Here to Register for the Conference

Highlights of Recent Press Release on Receipt of Over $1,000,000 in Orders by New Eco-Friendly Agrochem Subsidiary in its First Month of Operations:

PBI announced the formation of PBI Agrochem, Inc. (new wholly owned agrochemical subsidiary) in July 2021
During the past month, PBI has been setting up a U.S. warehousing, processing, and product packaging facility
In July 2021, Company announced the purchase of over $500K of specialized proprietary bulk material
PBI has received orders for over $1,000,000 of eco-friendly agrochem pest control and growth stimulant products
Company expects the majority of the $1,000,000 in orders to ship in Q3 2021
The new Agrochem revenue will be additive to existing PBI core product revenue
PBI expects it will receive orders for additional 2021 product shipments over the coming weeks and months
Company believes revenue from new agrochem products will be significant and accretive, beginning in Q3 2021
PBI believes the combination of its Core and new Agrochem product lines will take it to profitability in 2022