Pyng Medical Closes Acquisition of Bio Cybernetics' Trauma Assets

The MAT® tourniquet provides proven superior performance in terms of occlusion efficiency (cessation of blood loss), speed of application, and ease of use. MAT® consistently provides complete occlusion in about 50 seconds making it the most versatile and efficient tourniquet in the industry. It is the only tourniquet that meets all of the US DOD performance requirements, and provides proven and effective one-handed operation. MAT® has undergone rigorous testing by US military medical teams. The tests indicate that MAT® provides consistent superior occlusion efficacy, speed of application, ease of use and modulated constriction, which saves lives and limbs. MAT® is designed to be self-administered and is intended for use by individual soldiers and civilians, as well as medical personnel.

Initially developed for the US DOD, MAT® has been adopted by emergency first responders and law-enforcement agencies around the world. MAT's design won the IDSA's Gold Award for Best Medical Product Design of 2006 and has subsequently become a finalist in the highly prestigious INDEX Award 2007 for best medical product in the world in the last two years.

About Bio Cybernetics International

Bio Cybernetics International (BCI) is a United States-based medical products company that focuses on products in both the orthopedic and trauma areas. BCI utilizes proprietary patented technology to provide for superior product performance, while interfacing with patients when they are at their most vulnerable medical condition. Products are sold throughout the world to medical institutions that treat patients directly, as well as governments that supply medical products to military and civilian institutions. BCI has chosen to concentrate its efforts within the orthopedics field, which is the Company's primary market interest.

About Pyng Medical Corp.

Pyng Medical Corp. is the developer and manufacturer of the proprietary, award-winning FAST1(TM) Intraosseous Infusion System. FAST1(TM) is the most rapid, reliable and safe alternative to conventional IV infusion providing lifesaving vascular access for fluid and drug resuscitation in shock and trauma victims. Pyng has received the exclusive 2008 Medical Device Company of the Year Award from LifeSciences British Columbia for its sustained achievements in commercializing the Company's proprietary FAST1(TM) IO System. The Company was also selected in the "2007 TSX Venture 50" Top 10 companies in Life Sciences based on solid financial metrics for the year ending December 31, 2006. With expanding markets in North America, Europe and Asia, the FAST1(TM) has worldwide application for use with hospitals, emergency medical services and military forces.

This news release contains certain "forward-looking statements" and "forward-looking information" which may include but is not limited to statements in respect of the proposed acquisition by Pyng. Words like "hope", "believe", "intend", "may", "expect", "anticipate", "plan", "should", "assume" and other similar expressions are forward looking statements that involve a number of risks and uncertainties. By their nature, forward looking statements involve numerous factors, assumptions and estimates. For a further description of the principal risks affecting Pyng, see Pyng's regulatory filings at www.sedar.com . These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward looking statements. Although Pyng has attempted to identify important risks, uncertainties and other factors that could cause actual results or events to differ materially from those expressed or implied in the forward looking statements, there may be other factors that cause actual results or events to differ from those expressed or implied in the forward-looking statements. All forward-looking statements are qualified in their entirety by this cautionary statement and Pyng undertakes no obligation to revise or update any forward-looking statements as a result of new information, future events or otherwise after the date hereof, unless required by law.