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NeoStem Completes $500,000 Private Placement With Strategic Investor
Date:12/3/2008

and is a leading provider of regenerative medical therapies in China. In the meantime, we are wasting no time in moving forward the development of our VSEL technology and launching our adult stem cell collection network in the important New York City market. We believe one day VSELs could be the basis for individualized stem cell based therapies that could be rolled out in a country such as China that has been more rapidly advancing the use of such therapies," added Dr. Smith.

The funds from the financing will be utilized in support of the further development of the VSEL technology, the launch of the NeoStem network adult stem cell collection center in New York City as well as general corporate purposes.

The securities sold in the private placement were sold without registration under the Securities Act of 1933, as amended and may not be resold unless subsequently registered under the Act or pursuant to an exemption from registration under the Act.

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), which have been shown to have several physical characteristics that are generally found in embryonic stem cells.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management's current expectations, as of the date of this press release, and involve certain risks and uncertainties. The Company's actual results could
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SOURCE NeoStem, Inc.
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Related biology technology :

1. NeoStem, Inc. to Enter the Regenerative Medicine Market in Asia
2. NeoStem Secures $250,000 in an Above Market Financing and Expands Its Relationship With New England Cryogenic Center, Inc.
3. Suzanne Somers, Renowned Author, Medical Advocate, and Official Spokesperson for NeoStem, Inc., Inspires the Audience on The Ellen Degeneres Show
4. NeoStem Forges Ahead in Its Plan to Open Adult Stem Cell Collection Centers in Key Locations that Can Serve as Hubs to Service Clients Nationwide
5. NeoStem Expands Adult Stem Cell Collection Network, Gains Footprint in Key Los Angeles Market and Initiates Waitlist
6. Suzanne Somers To Promote Growing Importance of Storing Your Own Adult Stem Cells Under Alliance With NeoStem, Inc.
7. NeoStem Announces Private Placement Financing to Advance Marketing Campaign; Financing Includes Investment from New England Cryogenic Center
8. NeoStem to Expand Stem Cell Collection Center Network to Florida
9. NeoStem Featured in WCBS-TV Health Watch Segment on Adult Stem Cells
10. NeoStems Denis Rodgerson, Ph.D. to Lecture on Stem Cells and Regenerative Medicine at University of Nevada Las Vegas Campus
11. NeoStem to Present at Third Annual Stem Cell Summit in New York City
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