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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

so announced today the execution of a Separation and Distribution Agreement with the Company's wholly-owned subsidiary, Entest Biomedical, Inc. ("Entest") whereby the Company has agreed to spinoff the pro rata to the holders of its common and preferred stock 100% of the share capital of Entest.

"This division between Bio-Matrix and Entest will allow each company to focus on its business model," stated David Koos, Bio-Matrix's Chairman and CEO. "Bio-Matrix will be involved with the cryopreservation of adult stem cells and related specimens and pursue joint ventures with a variety of strategic partners at our 15,000 sq. ft. research laboratory facility in San Diego. Entest will strictly focus on research and development in the areas of diabetes regenerative medicine and medical devices. On October 23rd, 2008, Entest was granted an exclusive license by the University of California at Los Angeles to develop and market new gestational diabetes screening products based on UCLA's proprietary intellectual property. In addition, Bio-Matrix has granted to Entest all intellectual property related to the Company's 192 disposable medical instruments."

About Bio-Matrix Scientific Group Inc.:

Bio-Matrix Scientific Group Inc. (OTCBB: BMSN) is a biotech research and development company headquartered in San Diego, California with a 15,000 square foot facility that houses two secure cryogenic stem cell banks, three research laboratories, aseptic cellular/tissue class 10,000/100 processing lab, hematology, microbiology and flow cytometry laboratories.

Disclaimer:

This news release may contain forward-looking statements. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements
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SOURCE Bio-Matrix Scientific Group, Inc.
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