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Osteotech Posts First Quarter Earnings Per Share of $.05 on Revenue Growth of 10%
Date:5/1/2008

king statements. Factors that could cause actual results to differ materially include, but are not limited to, the Company's ability to develop and introduce new products, differences in anticipated and actual product and service introduction dates, the ultimate success of those products in the marketplace, the continued acceptance and growth of current products and services, the impact of competitive products and services, the availability of sufficient quantities of suitable donated tissue and the success of cost control and margin improvement efforts. Certain of these factors are detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. All information in this press release is as of May 1, 2008 and the Company does not intend to update this information.

OSTEOTECH, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(dollars in thousands, except per share data)

Three Months

Ended March 31,

2008 2007

Revenue $ 27,631 $ 25,217

Cost of revenue 13,389 12,900

Gross profit 14,242 12,317

Marketing, selling and general and

administrative 11,680 11,690

Research and development 1,760 1,164

13,440 12,854

Operating income (loss) 802 (537)

Interest expense, net (212) (150)

Other 278 136

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SOURCE Osteotech, Inc.
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5. Osteotech to Present at the Canaccord Adams Small-Cap Orthopedics Conference in San Francisco
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10. Osteotech Renews Tissue Recovery Agreement with the Euro Atlantic Transplant Alliance
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