Precision Assessment Technology Corporation has to date been unable and is having difficulty completing the financings referred to in the press release dated February 1, 2008.
The Company has passed a date set with its bankers for completion of these financings. Various alternatives continue to be pursued, including a sale of its assets.
About PATC - PATC provides drilling services for site assessment and remediation and groundwater assessment, monitoring and mitigation in the United States. These services are provided using specialized and innovative drilling and sampling equipment and technologies from offices in California and Florida.
Precision Assessment Technology Corporation operates through its wholly owned U.S. subsidiaries, Precision Sampling, Inc., Trenchless Specialties Inc. and BC2 Environmental Corp. Further information can be found at www.patc-usa.com. PATC's common shares are listed on the Toronto Stock Exchange under the symbol "PDT". -- www.cnxmarketlink.com
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