"We are absolutely thrilled and bursting with pride to have persevered in finalizing this Agreement with Histostem," adds Mr. Stark. "The quality of the science, market-ready products and meticulous quality control values of Histostem will catapult us into the forefront of the international stem cell marketplace. Our Korean partners are some of the most well-respected scientists in the field," he declares.

Andrew Norstrud, CFO, announces, "This is the first step in the completion of merging these two companies. We will now begin an aggressive investor awareness campaign to enlighten our current and potential investors about the unique opportunity that this merged company has to offer. We believe that we are well positioned in the market to quickly increase our combined world-wide revenue with new stem cell based cosmetic products and the supply of stem cells for research. With the appropriate level of capital, we expect to make significant progress on our research and development objectives for future stem cell applications."

Additional development of Histostem technology by AmStem will include ensuring that their vast stockpile of CBUs is available to patients in need around the world. "We will be making inroads to pool our accredited cord blood bank with other international repositories to facilitate the use of the CBUs by patients in the fastest, most accurate way possible," Mr. Stark announces.

SOURCE: Stem Cell Therapy International, Inc.