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CellCyte Genetics Corporation: Seattle Times Erroneously Reports That CellCyte 'Closes'
Date:12/29/2008

at we have used as a model system and have achieved the targeted expansion rates and viability of the cells," said CellCyte's Chief Scientific Officer, Ronald W. Berninger, Ph.D. "We can now manufacture a sufficient number of bioreactors to allow expansion of our tests to more relevant cell types, including umbilical cord blood-derived stem cells and Islet cells."

These results enable CellCyte to proceed with ongoing negotiations with research clinics and companies seeking to use CCG-E45 in their clinical research work. The bioreactor is based on innovative technology that allows the expansion or maintenance of cells under precisely controlled levels of oxygen. The bioreactor has been successful in expanding or maintaining ten different cell lines and the company has preliminary data for an additional four cell types. The bioreactor also has been used to produce antibody from a hybridoma cell line in significant quantities and at lower cost than traditional methods. The technology has issued patents and is in development for research applications. Potential clinical applications for this technology include the expansion of CD34+ hematopoietic stem cells and umbilical cord blood-derived stem cells as well as the maintenance of Islet cells.

"In late 2007 we began detailed negotiations with two research clinics to test the device. Each of these institutions is headed by thought leaders in their respective fields," noted Gary A. Reys, President and CEO of CellCyte.

The Company expects to generate cash flow from sales of its bioreactor device in 2009. For more details on the Device Division, including images of the bioreactor, please visit our Web site: www.cellcyte.com.

With regard to the therapeutic product candidates, as announced in an SEC 8K filed by CellCyte on July 28, 2008, an incomplete data package recently supplied to CellCyte by the Departm
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SOURCE CellCyte Genetics Corporation
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