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
|SOURCE Cryo-Cell International Inc.|
Copyright©2008 PR Newswire.
All rights reserved