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NeoStem Expands Adult Stem Cell Collection Network, Gains Footprint in Key Los Angeles Market and Initiates Waitlist
Date:7/31/2008

NEW YORK, July 31 /PRNewswire-FirstCall/ -- NeoStem, Inc. (Amex: NBS) has announced that it has broadened its network of adult stem cell collection centers. Through a development agreement with Stem Collect LLC, NeoStem has added the Hall Center, a vibrant Santa Monica based medical practice.

The Los Angeles area is a significant healthcare market with many academic medical centers and a large concentration of physician practices and hospitals offering a dynamic and diverse population that focuses on healthcare and wellness, as well as new healthcare technologies. To prepare for the demand for collections at the new center, clients are being offered the opportunity to join a waitlist by contacting NeoStem at 1-888-STEM BANK to hold a priority position for an appointment once the center is open. It is expected that the center will open in August.

Robin Smith, MD MBA, NeoStem's Chairman and Chief Executive Officer commented: "Securing the Santa Monica site for a new collection center in our network is an important step for us as we open collection centers in major metropolitan areas to address the demand for cutting-edge healthcare options by these sophisticated populations. The location, at the prestigious Hall Center, offers a beautiful and comforting environment where our clients can have a warm and inviting experience and will help service those clients we anticipate drawing from an awareness program being launched in September."

Dr. Smith further commented, "Many believe that adult stem cells are emerging as a modern day 'fountain of youth' and we are pleased to be at the forefront of autologous adult stem cell collection and long term storage."

"At the Hall Center, we specialize in treatments and therapies d
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SOURCE NeoStem, Inc.
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