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NeoStem, Inc. Announces Agreement With Progenitor Cell Therapy, LLC
Date:4/15/2009

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In commenting about the potential relationship, Dr. Robin Smith, CEO, NeoStem, stated, "This relationship between our two companies is both exciting and another example of our drive to develop best practices for our growing clientele, including those worldwide as we expand our activities outside of the United States. In addition, we are thrilled that Andrew Pecora, MD, FACP. has agreed to join our prestigious board of advisors. His medical expertise and practical business experience fit well with the very distinguished medical leaders who have already joined our board."

Dr. Andrew L. Pecora, said, "PCT is very pleased to establish this strategic business alliance with NeoStem. NeoStem has a growing list of alliances with important enterprises developing in this very exciting adult stem cell medical field. We believe PCT's cGMP standards will enhance the high-quality services NeoStem provides and give it a competitive advantage for the future. Moreover, NeoStem's VSEL stem cell technology holds great promise for future innovations for which PCT can provide critical support. I look forward to working with Dr. Smith and her team."

About NeoStem, Inc.

NeoStem is developing a network of adult stem cell collection centers that are focused on enabling people to donate and store their own (autologous) stem cells when they are young and healthy for their personal use in times of future medical need. The Company has also entered into research and development through the acquisition of a worldwide exclusive license to technology to identify and isolate VSELs (very small embryonic-like stem cells that are found in your body), which have been shown to have several physical characteristics that are generally found in embryonic stem cells.

About Progenitor Cell Therapy, LLC

Progenitor Cell Therapy (PCT) is a client-based services company that support
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SOURCE NeoStem, Inc.
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