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NeoStem, Inc. Comments on Recent Selling Pressure
Date:5/28/2008

NEW YORK, May 28 /PRNewswire/ -- Responding to the decline in NeoStem, Inc.'s (Amex: NBS) market capitalization during the past four trading days, Robin Smith, CEO, NeoStem said, "We know of no business development at the Company that would lead to the sudden decline in our share price."

Dr. Smith continued, "As announced on May 21, 2008, we received a private placement financing in a total amount of $900,000, which includes a strategic investment from the New England Cryogenic Center, Inc., one of the largest full-service cryogenic laboratories in the world and participation by management. These funds will be instrumental in executing on our plans to educate potential clientele about our services, especially in the Northeast." The private placement was of units with each unit priced at $1.20 and consisting of one share of common stock and a warrant to buy one share of common stock at $1.75 per share.

In addition, on May 27, 2008, NeoStem announced that an agreement had been signed with the University of Louisville Hospital's James Graham Brown Cancer Center to become a NeoStem collection center for adult stem cells. NeoStem has now signed its first agreement with a hospital to become a stem cell collection center and it believes this unique corporate and academic relationship will assist in propelling the adult stem cell field forward.

"We remain extremely excited by the growth prospects for NeoStem and are pleased to see the recent article written by Alan Boyle, Science Editor, MSNBC, entitled "Stem Cell Banks Could Pay Medical Dividends." The link reference is http://www.msnbc.msn.com/id/24797415/

About NeoStem, Inc.

NeoStem has a growin
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SOURCE NeoStem, Inc.
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