CellCyte Genetics Corporation: Seattle Times Erroneously Reports That CellCyt... ( BOTHELL Wash. Dec. 29 /- CellCyte Gen...)

CellCyte Genetics Corporation: Seattle Times Erroneously Reports That CellCyte 'Closes'

Date:12/29/2008

BOTHELL, Wash., Dec. 29 /PRNewswire-FirstCall/ -- CellCyte Genetics Corporation (CellCyte) (OTC Bulletin Board: CCYG) reports that a December 24, 2008 article published by the Seattle Times reporting on CellCyte's third quarter 2008 SEC 10Q filing incorrectly reported that CellCyte 'closes.'

In CellCyte's August 14, 2008 press release, the Company reported progress in its bioreactor business segment and generally described its development plan to commercialize its bioreactor product line. The Company continues to execute this development plan as described. The entire text of the August 14 press release (none of which was reported by the Seattle Times) is provided below.

NEWS RELEASE

CellCyte Genetics Corporation Announces Progress in its Device Division and Revised Plans for the Development of its Therapeutic Product Candidates

August 14, 2008 / Bothell, WA - CellCyte Genetics Corporation (CellCyte) (OTCBB: CCYG) announced today that its Device Division has achieved significant progress in the development of its cell expansion and maintenance device, the bioreactor known as CCG-E45. CellCyte has been successful in updating the design of the bioreactor to incorporate readily available materials and has identified manufacturers to supply the materials throughout development and commercialization. In addition, CellCyte's internal experiments with the bioreactor have shown that the new bioreactor works as expected.

"We have been successful in expanding a human hematopoietic cell line th
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SOURCE CellCyte Genetics Corporation
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CellCyte Genetics Corporation: Seattle Times Erroneously Reports That CellCyt...( BOTHELL Wash. Dec. 29 /- CellCyte Gen...),Health