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Bacterin International Holdings, Inc. Completes Merger and $7.5 Million Raise
Date:7/1/2010

name to "Bacterin International Holdings, Inc." which name change will become effective for trading purposes on July 1, 2010.  The Company intends to request a trading symbol change to correspond with its name change at the appropriate time and in accordance with current FINRA regulations that went into effect June 1, 2010.  Accordingly, the trading symbol for the Company will remain KKTZ.OB until such time as the Company moves to another market or otherwise can effect a trading symbol change through FINRA.

In connection with the merger, the Company also completed an initial closing of a private placement to selected qualified investors of shares of its common stock at a purchase price of $1.60 per share and detachable warrants to purchase one-quarter of a share of its common stock (at an exercise price of $2.50 per share) for each share purchased.  In total, the Company sold 4,934,534 shares of its common stock and warrants to purchase 1,233,634 shares of its common stock in the initial closing (excluding shares and warrants issued to the placement agent). The Company may sell up to an additional 6,268,472 shares of common stock and warrants to purchase 1,567,118 shares of common stock to investors that participated in the initial closing, management and certain note holders until July 30, 2010, when the offering period expires.  The Company received gross proceeds of $7,508,329 in consideration for the sale of the shares of common stock and warrants, which consisted of (i) $4,026,000 from investors in the private placement, which included directors and executive officers of the Company, and (ii) $3,482,329 from note holders in an earlier Bacterin bridge financing who converte
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