BNET Industries

Patient Safety Technologies Inc.

(PSTX) is in the Manufacturing Industry

Market Cap:$43.3M

Last Fiscal Year Sales:$1.0M

Public
US

Dow Jones Description

Franklin Capital Corporation ("Franklin", or the "Company") is a publicly traded, non-diversified internally managed, closed-end investment company that elected to be treated as a business development company ("BDC") under the Investment Company Act of 1940, as amended (the "1940 ACT") on November 18, 1997. We were incorporated on March 31, 1987 as a Delaware corporation and have been listed on the American Stock Exchange ("AMEX") since October 1, 1987. We are currently involved in providing capital and managerial assistance to early stage companies in the medical products, health care solutions, financial services and real estate industries. In the first half of 2004, we focused our investment strategy on the achievement of capital appreciation through long-term equity investments in start-up and early stage companies in the radio and telecommunications industries. However, beginning in June 2004, we undertook a strategic restructuring and recapitalization plan (the "RESTRUCTURING PLAN") which ultimately culminated in a subsequent change in control in our management and a shift in our business focus away from the radio and telecommunications industries toward the medical products, health care solutions, financial services and real estate industries. For more information SEE, "SUMMARY OF 2004 RESTRUCTURING PLAN AND CHANGE IN CONTROL."

Chief Executive Officer

Steven H Kane

Contact Information

1800 Century Park East

Ste. 200

Los Angeles, California 90067

(310) 895-7750

Peer Companies

NAICS Code Sanitary Paper Product Manufacturing: 322291

Recent Events

Cardinal extends Patient Safety accord

11/20/09 - Merger / Acquisition - View Story
Vendor Notebook - Cardinal Health to co-market Patient Safety Technologies' safety sponge system

11/25/09 - Joint Venture / Alliance - View Story
Patient Safety Technologies Reports Third Quarter Results

11/18/09 - Financial Announcement - View Story
Patient Safety Technologies Reports Second Quarter Results Second Quarter 2009 Revenues increased 85% to $1.0...

8/06/09 - Financial Announcement - View Story

Decision Makers

Name (plus bio)	Position
Steven H Kane	Chief Executive Officer

Board of Directors

Name (plus bio)	Position
Howard E Chase	Board of Directors
Loren L. McFarland	Board of Directors

Organization	Position	Status
Patient Safety Technologies, Inc.	Chief Executive Officer	Current
Protalex, Inc.	Chief Executive Officer	Former
The Pyxis Company	Eastern Area Vice President	Former
Aspect Medical Systems Inc.	Vice President of North American Sales and Field Operations	Former
Eli Lilly and Company		Former
Becton, Dickinson & Company		Former

Howard E. Chase became a director of our Company in November 1986. He is currently the President and Chief Executive Officer of The Hollandbrook Group, LLC, which provides merger and acquisition consulting services to asset management firms and others. Mr. Chase served as President and Chief Executive Officer of Carret Holdings, Inc. (formerly Matrix Global Investments, Inc.) from June 1999 until December 2001. Mr. Chase served as President and Chief Executive Officer of Trident Rowan Group, Inc. ( TRGI ) from September 1995 to March 1998 and Chairman of the Board of TRGI from March 1998 to December 1999. From 1984 to August 1995, Mr. Chase was a partner in the law firm of Morrison Cohen Singer & Weinstein, LLP in New York City. He acted as an advisor and as a special counsel to our Company from 1979 to 1995. Mr. Chase serves as a member of the board of directors of Trident Rowan Group, Inc.