Patient Safety Technologies/SurgiCount Medical, a Portfolio Company of Ault Glazer & Co., Inc. Reaches Milestone: 100,000 Successful Surgeries

Business Wire, May 22, 2008

Ault Glazer & Co. has invested over $3 million in PSTX.ob in the form of debt and equity financing

LOS ANGELES -- Ault Glazer & Company, Inc. (AGCO) (Pink Sheets:AULT) (http://www.aultglazer.com) announced today that one of its portfolio companies, SurgiCount Medical, Inc., a division of Patient Safety Technologies, Inc. (PST) (OTCBB:PSTX) (http://www.patientsafetytechnologies.com), reached a medical milestone when it reported that its Safety-Sponge[TM] bar-coded surgical sponge counting system had been successfully used in over 100,000 procedures without a single retained sponge incident being reported.

Milton "Todd" Ault III, Chairman and CEO of Ault Glazer & Co., Inc. stated, "It's extremely gratifying to have invested in a technology that is having a positive effect in the lives of patients today. I want to congratulate everyone involved and look forward to their continued success." We fully expect PSTX to have a positive long term effect on our investment performance. Mr. Ault went on to say, "Ault Glazer will continue to invest in companies that have similar scalable opportunities."

To read the full press release click on link below:

(http://www.surgicountmedical.com/press-releases.cfm)

About Ault Glazer & Co., Inc.

Ault Glazer & Co., Inc. (www.aultglazer.com), is a holding company, which through its wholly-owned subsidiaries and minority interests, is engaged in a number of diverse business activities which include: merchant banking; corporate lending; shareholder activism; internet sales & marketing; real estate; healthcare; energy; consumer products & services; insurance and media.

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