MOUNTAINSIDE, N.J., May 28 /PRNewswire-FirstCall/ -- National Stem Cell Holding, Inc. (OTC: NHGI - News) today announced that it is taking steps to change its name to Proteonomix, Inc. The change will also entail a change in its trading symbol.
Michael Cohen, President/CEO, stated: "Our new name reflects the fact that we are emerging out of our research and development stage and commencing the commercialization of our technologies. These technologies relate in great part to the identification of proteins, and their structure and functions within the emerging biotherapeutics field."
Further, the Company intends to begin marketing its current portfolio biomarkers to research laboratories globally.
National Stem Cell Holding, Inc. is focused on developing therapeutics based upon the use of human cells and their derivatives by developing proprietary stem cell therapeutics with particular focus on diabetes and cardiac diseases. Stem Cell Therapy involves the introduction of healthy new stem cells to repair and replace damaged or lost cells and promises treatment of diseases previously regarded as incurable.
In addition to its work with stem cell therapeutics, it is also developing the capabilities of its wholly-owned subsidiaries: the Sperm Bank of NY (tissue bank) and in vitro fertilization (IVF) laboratory and National Stem Cell Blood Laboratories Inc. (cord blood bank) and its affiliate, ProteoDerm (anti-aging cosmetics derived from stem cells).
About National Stem Cell Holding, Inc.
National Stem Cell Holding, Inc. is a hybrid biotechnology company focused on developing therapeutics based upon the use of human stem cells and their derivatives. The term 'hybrid' refers to both the business model as well its product line. The Company is developing a pipeline of proprietary stem cell therapeutics with particular focus on diabetes. Many of the currently incurable diseases associated with aging are caused by the degeneration of specific cell types in the body. These include but are not limited to: cancer, heart disease, diabetes, neurodegenerative diseases and auto immune conditions. In addition to its work with stem cell therapeutics, the Company is leveraging its commercial infrastructure and product development capabilities of its wholly-owned subsidiaries The Sperm Bank of NY (tissue Bank and IVF laboratory) and National Stem Cell Blood Laboratories Inc. (cord blood banking program), and its affiliate, Decouverte Cosmetique, Inc.(cosmetics). The Company's investigational products are focused on the improvement of the quality of life for patients and their families. The Company's multi-facetted R&D program has demonstrated results with over 10 patent applications and multiple products ready to enter the market. The Company is headquartered in Mountainside, NJ and has facilities at multiple academic institutions.
"Safe Harbor Statement"
Under The Private Securities Litigation Reform Act of 1995: The
statements in the press release that relate to the company's expectations
with regard to the future impact on the company's results from new products
in development are forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. The results anticipated
by any or all of these forward-looking statements may not occur. The
Company undertakes no obligation to publicly release the result of any
revisions to these forward-looking statements that may be made to reflect
events or circumstances after the date hereof, or to reflect the occurrence
of unanticipated events or changes in the Company's plans or expectations.
187 Mill Lane
Mountainside, NJ 07052
|SOURCE National Stem Cell Holding, Inc.|
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