OLDSMAR, Fla., Jan. 22 /PRNewswire-FirstCall/ -- The Delaware Court of Chancery today issued its Order and Final Judgment in a case brought by a stockholder of Cryo-Cell International Inc. (OTC Bulletin Board: CCEL) challenging the election results of the annual meeting of stockholders held on July 16, 2007. The court ordered the Company to hold a new election of directors at a special stockholders meeting to be held on March 4, 2008, commencing at 3:00 p.m., EST. The record date for the purpose of determining stockholders entitled to notice of and to vote at the special meeting is January 18, 2008. The directors who sat on the Cryo-Cell Board of Directors prior to the 2007 annual meeting will continue in office until the special meeting of stockholders is held.
The Company will provide additional information about the meeting when it is available.
About Cryo-Cell International Inc.
Based in Oldsmar, Florida, with over 140,000 clients worldwide, Cryo-Cell is one of the largest and most established family cord blood banks. ISO 9001:2000 certified and accredited by the AABB, Cryo-Cell operates in a state-of-the-art Good Manufacturing Practice and Good Tissue Practice (cGMP/cGTP)-compliant facility. Cryo-Cell is a publicly traded company. OTC Bulletin Board Symbol: CCEL. For more information, please call 1-800-STOR-CELL (1-800-786-7235) or visit http://www.cryo-cell.com.
Cryo-Cell expects to file a proxy statement with the Securities and Exchange Commission and to send the proxy statement to shareholders in connection with this special meeting to elect directors. The Company urges investors and stockholders to read the proxy statement carefully when it is available. The proxy statement will contain important information about the proposals to be brought before the annual meeting. Investors and shareholders will be able to obtain free copies of the proxy statement, once available, as well as other filings made by the Company with the Commission, through the Web site maintained by the Commission at http://www.sec.gov. Free copies of the proxy statement, once available, may also be obtained by stockholders by directing a request to the Company at: Cryo-Cell International, Inc., 700 Brooker Creek Blvd., Suite 1800, Oldsmar, Florida 34677, Attention: Corporate Secretary.
Cryo-Cell, its directors, executive officers and certain other members
of management and employees may be soliciting proxies from the Company's
stockholders in connection with the special meeting. Information concerning
the Company is set forth in its filings with the Commission and information
regarding other possible participants in the solicitation is set forth in
the Company's proxy statement filed by the Company with the Commission on
June 8, 2007.
Jill Taymans, Chief Financial Officer
|SOURCE Cryo-Cell International Inc.|
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