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Information about Anti-Aging Products and Their Active Ingredients
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PhotoMedex Receives Two New Patents for Copper Peptide Technology

(press release from SOURCE PhotoMedex, Inc.)

MONTGOMERYVILLE, Pa., Aug 30, 2005 PhotoMedex, Inc. (Nasdaq: PHMD) announced today that it has received two new US patents covering the use of its copper peptide compounds in dermatological skin disorders. The patents, (Patent # 6,927,205 B2 and Patent # 6,927,206 B2), anticipate the use of a variety of certain active agents, including active drug and active cosmetic substances with the ProCyte copper peptide technology in the treatment of skin diseases. These patents issued are from a series of patents that had been previously filed by ProCyte Corporation and are currently in the review process covering new applications and combinations of the GHK and AHK copper peptides and other metallic peptides.

PhotoMedex President & CEO Jeff O'Donnell said, "One of the many benefits of the acquisition of ProCyte Corporation by PhotoMedex is the significant body of knowledge that ProCyte holds regarding the application of copper and other metallic peptides in the treatment of skin disorders and damage. The newly issued patents add to our intellectual property base and provide new avenues to explore individual and/or combination therapies that may accelerate or in other ways improve existing treatments in dermatology that could lead to better patient results. Most importantly, the expanding intellectual property base further solidifies the proprietary nature of the use of copper peptides in our key markets."

About PhotoMedex

PhotoMedex provides contract medical procedures to hospitals, surgi-centers and doctors' offices, offering a wide range of products and services across multiple specialty areas, including dermatology, urology, gynecology, orthopedics, and other surgical specialties. The company is a leader in the development, manufacturing and marketing of medical laser products and services. In addition, as a result of the merger with ProCyte Corporation, PhotoMedex will now develop and market products based on its patented, clinically proven copper peptide technology for skin health, hair care and wound care. The combined company will sell directly to dermatologists, plastic and cosmetic surgeons, spas and salons and through licenses with strategic partners into the consumer market, including its long-term worldwide license agreement with Neutrogena(R), a Johnson & Johnson company. ProCyte brands include Neova(R), Ti-Silc(R), VitalCopper(R), Simple Solutions(R) and AquaSante(R).

SAFE HARBOR STATEMENT

Some paragraphs of this press release, particularly those describing PhotoMedex' strategies, contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1993, as amended and Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. While PhotoMedex is working to achieve those goals and strategies, actual results could differ materially from those projected in the forward- looking statements as a result of a number of factors, including difficulties in marketing its products and services, need for capital, competition from other companies and other factors, any of which could have an adverse effect on the business plans of PhotoMedex, its reputation in the industry or its expected financial return from operations. Factors such as these could have an adverse effect on PhotoMedex' results of operations. In light of significant uncertainties inherent in forward-looking statements included herein, the inclusion of such statements should not be regarded as a representation by PhotoMedex and its subsidiaries that they will achieve such forward-looking statements.

Contacts: Allen & Caron
Matt Clawson (investors)
949-474-4300
matt@allencaron.com

PhotoMedex, Inc.
Dennis McGrath, CFO
215-619-3287
info@photomedex.com
 


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