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SEATTLE-June 27, 2003—Pacific Biometrics, Inc. (PBI) (OTCBB:PBME) has received renewal of its accreditation by the Commission on Laboratory Accreditation of the College of American Pathologists (CAP), based on the results of a recent on-site inspection.
During the CAP accreditation process, inspectors examined PBI's laboratory records and quality management procedures for the preceding two years. CAP inspectors also examined the entire staff's qualifications, the laboratory's equipment records, facilities, safety program and record, as well as the overall management of the laboratory. This stringent inspection program is designed to specifically insure the highest standard of clinical laboratory testing.
Dr. Tim Carlson, Laboratory Director for PBI was advised of this national recognition and congratulated by CAP for the excellence of the services being provided at PBI. "This certification is a tribute to the outstanding group of laboratory professionals who work hard to make PBI a premiere CAP-certified lab that focuses on providing support to pharmaceutical and diagnostic clients who need high quality testing to support their research in chronic diseases," commented Dr. Tim Carlson.
The CAP Laboratory Accreditation Program, begun in the early 1960s, is recognized by the federal government as being equal to or stronger than the government's own inspection program. PBI is one of more than 6,000 CAP-accredited laboratories nationwide.
The College of American Pathologists is a medical society serving nearly 16,000 physician members and the laboratory community throughout the world. It is the world's largest association composed exclusively of pathologists and is widely considered the leader in laboratory quality assurance. The CAP is an advocate for high-quality and cost-effective medical care.
ABOUT PACIFIC BIOMETRICS, INC.
Established in 1989, PBI provides specialized central laboratory and contract research services to support pharmaceutical and diagnostic manufacturers conducting human clinical trial research. The company provides expert services in the areas of cardiovascular disease, diabetes, obesity, osteoporosis, arthritis, and nutrition. The PBI laboratory is accredited by the College of American Pathologists, as well as the Center for Disease Control and Prevention's (CDC) Lipid Standardization Program, and its affiliate, Pacific Biometrics Research Foundation is one of only four U.S. based labs fully approved and accredited by the CDC as a member of The Cholesterol Reference Method Laboratory Network. Clients for PBI include many of the world's largest pharmaceutical, biotech, and diagnostic companies.
For more information about Pacific Biometrics, visit the company's website at www.pacbio.com or contact Ronald Helm, Chairman/CEO at 206/298-0068.
This press release includes forward-looking statements that involve risks and uncertainties. As a result, actual results may differ materially from those described in any forward-looking statements, including to but not limited to our strategic planning and business development plans, our future growth, viability and acceptance of certain of our products and services in the market, our ability to retain and attract experienced and qualified employees, our ability to retain our clients, and the laboratory and research economic and overall economic environment changes. Important factors that may cause actual results to differ are set forth in our periodic filings with the U.S. Securities and Exchange Commission including our Form 10-K for the year ended June 30, 2002.