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NeoStem and Progenitor Cell Therapy Announce Entry Into Merger Agreement
Date:9/23/2010

city for the evolving cell therapy industry to meet international commercial demands.  For more information, please visit:  www.progenitorcelltherapy.com.

Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management's current expectations, as of the date of this press release, and involve certain risks and uncertainties. Forward looking statements include statements herein with respect to the proposed merger with Progenitor Cell Therapy, LLC, about which no assurances can be given. The Company's actual results could differ materially from those anticipated in these forward- looking statements as a result of various factors. Factors that could cause future results to materially differ from the recent results or those projected in forward-looking statements include the "Risk Factors" described in the Company's most recent Annual Report on Form 10-K and other periodic reports filed with the Securities and Exchange Commission since the filing of such 10-K.  The Company's further development is highly dependent on future medical and research developments and market acceptance, which is outside its control.NeoStem, Inc.Robin Smith, CEO Phone: +1 (212) 584-4174E-mail: rsmith@neostem.com http://www.neostem.com
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5. NeoStem Announces Warrant Exercise by Principal Shareholder
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11. Novartis Drug SOM230 is First Medical Therapy to Show Efficacy in a Phase III Trial in Cushings Disease, a Debilitating Hormonal Disorder
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