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NeoStem Appoints Deloitte & Touche as New Independent Registered Public Accounting Firm
Date:3/16/2010

NEW YORK, March 16 /PRNewswire-Asia-FirstCall/ -- NeoStem, Inc. ( NBS) ("NeoStem" or the "Company"), an international biopharmaceutical company with operations in the U.S. and China, announced today the appointment of Deloitte & Touche LLP ("Deloitte & Touche") as the Company's independent registered public accountant for fiscal year 2010.

The decision to change independent registered public accounting firms was recommended and approved by NeoStem's Audit Committee of the board of directors on March 11. NeoStem's engagement with current auditor Holtz Rubenstein Reminick LLP ("HRR") will end following completion of the 2009 audit of the Company's financial statements and filing of the Form 10-K. HRR's audit of NeoStem's 2007 and 2008 financial statements did not contain any adverse opinions or disclaimer of opinion, and there have been no disagreements between the Company and HRR on any matter regarding accounting principles or practices, financial statement disclosure or auditing scope or procedure during fiscal 2007, fiscal 2008 and the subsequent interim period through March 11, 2010.

"Over the past year, NeoStem has evolved into a sophisticated multinational operation with multiple businesses in the U.S. and China and has more complex financial and accounting needs, which we believe are bes
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