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From the Wires
Cryo-Cell Renews Upromise Industry-Exclusive Agreement
Families Can Invest Simultaneously in Future Healthcare and Education
By: PR Newswire
Nov. 13, 2008 08:30 AM
"Cryo-Cell is very proud to be the first and only retailer in the cord
blood banking industry to offer Upromise," said Cord blood stem cells have already been used to treat more than 75 diseases, including numerous types of malignancies, anemia, inherited metabolic disorders and deficiencies of the immune system. To date, Cryo-Cell has contributed nearly a quarter of a million dollars to the Upromise accounts of their clients. Cryo-Cell plans to co-market its services to the large and fast-growing installed base of over 9 million Upromise members by providing timely information and updates on the potential of regenerative stem cell therapies to treat a vast number of debilitating diseases and disorders. "Cryo-Cell is committed to helping Americans achieve their educational
goals," said About Cryo-Cell International, Inc. (OTC Bulletin Board: CCEL.OB) Based in About Upromise Launched in Forward-Looking Statement Statements wherein the terms "believes", "intends", "projects" or "expects" as used are intended to reflect "forward-looking statements" of the Company. The information contained herein is subject to various risks, uncertainties and other factors that could cause actual results to differ materially from the results anticipated in such forward-looking statements or paragraphs, many of which are outside the control of the Company. These uncertainties and other factors include the uncertainty of domestic and international market acceptance of any potential service offerings relating to types of stem cells other than cord blood stem cells, including the C'elle service, given that menstrual stem cells and other new stem cells have not yet been used in human therapies, and treatment applications using such stem cells are not likely to be developed and commercialized for many years and are subject to further research and development; the need for additional development and testing before determining the ultimate commercial value of the Company's intellectual property relating to the menstrual stem cells; the need to complete certain developments, including completion of clinical validation and testing, before any new process other than C'elle can be commercialized, and the Company's development of its final business and economic model in offering any such service; any adverse effect or limitations caused by recent increases in government regulation of stem cell storage facilities; any increased competition in our business; any decrease or slowdown in the number of people seeking to store umbilical cord blood stem cells or decrease in the number of people paying annual storage fees; any adverse impacts on our revenue or operating margins due to the costs associated with increased growth in our business, including the possibility of unanticipated costs relating to the operation of our new facility; any technological breakthrough or medical breakthrough that would render the Company's business of stem cell preservation obsolete; any material failure or malfunction in our storage facilities; any natural disaster such as a tornado, other disaster (fire) or act of terrorism that adversely affects stored specimens; the costs associated with defending or prosecuting litigation matters and any material adverse result from such matters; decreases in asset valuations; any continued negative effect from adverse publicity in the past year regarding the Company's business operations; any negative consequences resulting from deriving, shipping and storing specimens at a second location; and other risks and uncertainties. The foregoing list is not exhaustive, and the Company disclaims any obligations to subsequently revise any forward- looking statements to reflect events or circumstances after the date of such statements. Readers should carefully review the risk factors described in other documents the Company files from time to time with the Securities and Exchange Commission, including the most recent Annual Report on Form 10-KSB, Quarterly Reports on Form 10-QSB and any Current Reports on Form 8-K filed by the Company.
Contact:
General Media Inquiries
Kristin O'Neill
312-233-1295
kristin.oneill@edelman.com
Financial Media Inquiries
Mona Walsh
212-704-4598
mona.walsh@edelman.com
SOURCE Cryo-Cell International Inc. SOA World Latest Stories
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