Pacific Biometrics Reports Record Results For Fiscal 2006

SEATTLE--(BUSINESS WIRE)--Pacific Biometrics, Inc. (OTCBB: PBME; “PBI”), a leading provider of specialized central laboratory and contract research services, released financial results for fiscal 2006. Revenues for the year ended June 30, 2006 increased 233% to $10,750,023 from $3,230,374 for the comparable period last year. Operating income increased to $1,846,445 from a loss of $2,158,911 for the same period last year. EBITDA income increased to $1,723,806 or $0.11 per fully diluted share, compared to a loss of $2,249,486 or $0.18 for fiscal 2005. The company achieved a net income for the year of $179,103 or $0.01 per fully diluted share, compared with a net loss of $2,992,960, or $0.24 per fully diluted share, for the same period during fiscal 2005.

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