CEL-SCI Corporation Announces Adoption of Shareholder R... ( VIENNA Va. Nov. 9 /- CEL-SCI Corp...)

CEL-SCI Corporation Announces Adoption of Shareholder Rights Plan

Date:11/9/2007

VIENNA, Va., Nov. 9 /PRNewswire-FirstCall/ -- CEL-SCI Corporation (Amex: CVM) announced today that its Board of Directors has approved a Stockholder Rights Plan designed to ensure that all of its stockholders receive fair and equal treatment in the event of any proposal to acquire control of CEL-SCI.

Geert Kersten, Chief Executive Officer, said "We have finally gotten to the Phase III clinical trial stage for a cancer indication that has a multi- billion dollar market with no competing product and we have retained our key marketing rights. That is a fairly unique situation. Therefore we need to be vigilant and protect the shareholders during this crucial time period. Distribution of the Rights is not intended to prevent a takeover of CEL-SCI on terms beneficial to its stockholders; however this action by our Board increases its ability to effectively represent the interests of all Stockholders in the event of an unsolicited takeover attempt." Kersten added that the plan was not adopted in response to any specific effort to gain control of CEL-SCI and that he was not aware of any such attempt.

The Stockholder Rights Plan guards against partial or two-tier tender offers, coercive stock accumulation programs, and other tactics that may be used to gain control of CEL-SCI without offering a fair price to all stockholders. Many other publicity held companies have adopted such plans.

Under the Rights Plan, each stockholder will receive a dividend of one Series A Right and one Series B Right for each share of CEL-SCI common stock registered in the stockholders' name. The Right will not become exercisable until either of two events occurs. First, if any person or group (i) acquires 15% or more of CEL-SCI's com
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