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Bio-Matrix Scientific Group, Inc. Announces Preferred Stock Dividend and Spinoff of Wholly-Owned Subsidiary, Entest Biomedical, Inc.
Date:4/21/2009

SAN DIEGO, April 21 /PRNewswire-FirstCall/ -- Bio-Matrix Scientific Group, Inc. (OTC Bulletin Board: BMSN), a San Diego-based biotechnology research and development company, announced today that its Board of Directors has declared a stock dividend to common and preferred shareholders of record as of May 5th, 2009 to be paid to shareholders on or about May 15th, 2009.

Eligible registered Common shareholders will be entitled to receive one share of Series B Preferred Stock for every 50 shares of Bio-Matrix Scientific Group, Inc. Common Stock owned as of the Record Date. Eligible registered Preferred shareholders will be entitled to receive one share of Series B Preferred Stock for every 50 shares of Bio-Matrix Scientific Group, Inc. Preferred Stock owned as of the Record Date.

Each holder of Series B Preferred Stock shall be entitled to two votes per share on all matters submitted to the stockholders.

The Preferred Share dividends will only be issued in the name of the beneficial owner of the Bio-Matrix Scientific Group Common and Preferred Stock and no dividend shares will be issued in the name of a broker dealer to disseminate to its clients.

Eligible Common shareholders whose Common shares of Bio-Matrix Scientific Group, Inc. are held in a brokerage account ("Street Name") must contact the brokerage firm holding their account to ensure that the dividend is processed correctly. Currently, no Preferred Shares are held in Street Name.

Broker Dealers holding Common shares in Street Name on behalf of clients shall be required to produce lists of Common shareholders designated by such Broker-Dealers as beneficial owners of the Company's Common stock as of the Record Date. Any lists provided by Broker Dealers must reconcile with records on file with the Depository Trust and Clearance Corporation (DTC) before the dividend may be paid by the Company.

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SOURCE Bio-Matrix Scientific Group, Inc.
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