Patient Safety Technologies, Inc. Determines Not to Proceed with


    Patient Safety Technologies, Inc. Determines Not to Proceed
          with Tender for Arizona Land Income Corp. Stock

SANTA MONICA, Calif., April 22, 2005 (PRIMEZONE) -- Patient Safety
Technologies, Inc. (AMEX:PST) announced today that it has decided not
to proceed with a tender offer to acquire a controlling interest in
Arizona Land Income Corp. (AMEX:AZL). This decision was based on
further communication with the AZL board of directors and an internal
review of the opportunity. 
Patient Safety Technologies, Inc. ("PST") is a developer, manufacturer
and content provider of patient safety products and services, working
toward becoming the leader in the patient safety sector. Headquartered
in Santa Monica, California, PST is assembling a world-class Advisory
Board of leading patient safety experts. The company is concentrating
on surgical safety to support its newly acquired subsidiary, SurgiCount
Medical, Inc., a developer of patient safety devices. SurgiCount
features the Safety-Sponge(tm) System, which allows for faster and more
accurate counting of surgical sponges. For more information on Patient
Safety Technologies, Inc., please contact the company directly at (310)
752-1416, or by email at info@patientsafetytechnologies.com or
www.patientsafetytechnologies.com. 
FORWARD-LOOKING STATEMENTS 
This press release contains certain forward-looking statements. These
forward-looking statements can generally be identified as such because
the context of the statement will include words such as Patient Safety
Technologies "expects," "should," "believes," "anticipates" or words of
similar import. Stockholders, potential investors and other readers are
cautioned that these forward-looking statements are predictions based
only on current information and expectations that are inherently
subject to risks and uncertainties that could cause future events or
results to differ materially from those set forth or implied by the
forward-looking statements. Certain of those risks and uncertainties
are discussed in the Patient Safety Technologies filings with the
Securities and Exchange Commission, including Patient Safety
Technologies annual report on Form 10-K and quarterly reports on Form
10-Q. These forward-looking statements are only made as of the date of
this press release and Patient Safety Technologies does not undertake
any obligation to publicly update such forward-looking statements to
reflect subsequent events or circumstances. 


CONTACT:  Patient Safety Technologies, Inc., Santa Monica
          Nicolas Soichet
          310-752-1416
          www.patientsafetytechnologies.com


Provider ID: 00076772
-0- Apr/22/2005 16:33 GMT
 
 
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