StemCyte, Inc. Ranked Number Six in Deloitte's Technology Fast 50 Program for Los Angeles Increasing Acceptance of Umbilical Cord Blood Stem Cells as a Curative

Therapy Driving Growth



    ARCADIA, Calif., Oct. 3 /PRNewswire/ -- StemCyte, Inc. has been named
 to Deloitte's prestigious Technology Fast 50 Program for Los Angeles, a
 ranking of the 50 fastest growing technology, media, telecommunications,
 and life sciences companies in the area by Deloitte & Touche USA LLP, one
 of the nation's leading professional services organizations. Rankings are
 based on the percentage revenue growth over five years from 2002-2006.
     StemCyte's CEO Ken Giacin credits growing acceptance of umbilical cord
 blood stem cells for transplantation and StemCyte's outstanding record of
 favorable clinical outcomes for patients with leukemia and other blood
 diseases for the Company's excellent growth record.
     Giacin said, "StemCyte has become one of the largest and most racially
 diverse cord blood banks in the world. This award represents the excellence
 of StemCyte's employees and the steadfast support of the transplant
 physician community."
     StemCyte's increase in revenues of 1888% from 2002 to 2006 resulted in
 the company being the #1 fastest growing biotechnology company in the
 Technology Fast 50 for Los Angeles. "Deloitte's Los Angeles Technology Fast
 50 companies have shown the strength, vision and tenacity to succeed in
 today's very competitive technology environment," said Tony Buzzelli, Vice
 Chairman and Regional Managing Partner, Pacific Southwest Region, Deloitte
 & Touche LLP. "We applaud the successes of StemCyte and acknowledge it as
 one of the very few to accomplish such a fast growth rate over the past
 five years."
     To qualify for the Technology Fast 50, companies must have had
 operating revenues of at least $50,000 in 2002 and $5,000,000 in 2006, be
 headquartered in North America, and be a company that owns proprietary
 technology or proprietary intellectual property that contributes to a
 significant portion of the company's operating revenues; or devotes a
 significant proportion of revenues to the research and development of
 technology.
     About StemCyte
     StemCyte, Inc. operates as both an international umbilical stem cell
 storage bank and a therapeutics company. Stem cells are used to replace or
 initiate the production of other cells that are damaged or missing due to
 disease. StemCyte collects, processes and banks umbilical cord blood
 ("UCB") stem cells to be used as therapeutic treatments. The Company
 currently operates UCB storage banks in California and Taiwan and is
 expanding its locations into other regions around the globe. In addition,
 the Company is pursuing collaborations with a number of leading stem cell
 researchers to improve and expand the treatment opportunities using stem
 cells.
     UCB stem cells are a non-controversial and readily available source of
 stem cells, harvested from umbilical cords that would otherwise be
 discarded. To date, UCB stem cells have been used in approximately 8,000
 transplants worldwide and have successfully treated certain cancers (e.g.,
 leukemia, lymphoma and myeloma), blood disorders (e.g., thalassemia, sickle
 cell anemia and Fanconi anemia) and immune deficiency diseases. StemCyte
 and its scientific founder have developed proprietary processes to ensure
 that the least number of stem cells are lost post-collection and post-thaw.
 Studies have shown that successful patient engraftment and survival outcome
 are directly correlated to the number of stem cells provided. StemCyte's
 stem cells are currently being used to treat three to four patients per
 week and the Company recently released its 600th cord blood stem cell
 shipment for transplant. With an inventory of over 25,000 units, the
 Company's stem cell banks represent one of the largest and most ethnically
 diverse sources of unrelated (allogeneic) UCB stem cells.
     StemCyte's therapeutic activities involve expanding the use of UCB stem
 cells in indications where stem cells are already an FDA-approved therapy,
 validating the engraftment and survival benefits of its proprietary stem
 cell processing technology and participating in clinical trials for new
 transplant indications. New indications include thalassemia, a devastating
 red blood cell deficiency diagnosed in over 150,000 babies each year with
 severe forms of the disease, and non-blood-based disorders, including
 neurodegenerative diseases.
     StemCyte has received accreditation from the American Association of
 Blood Banks (AABB), the National Marrow Donor Program (NMDP), the College
 of American Pathologists (CAP), and Foundation for the Accreditation of
 Cellular Therapy (FACT) for allogeneic donations and has the only cord
 blood bank in the world accredited by FACT for autologous donations.
 StemCyte is one of only six banks to have been selected to participate in
 the C.W. Bill Young Cell Transplantation Program under the initial $79
 million authorized by Congress in the Stem Cell Therapeutic and Research
 Act of 2005.
     StemCyte is privately-held. Visit http://www.stemcyte.com for more
 information.
     About Deloitte
     Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss
 Verein, its member firms and their respective subsidiaries and affiliates.
 As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any
 of its member firms has any liability for each other's acts or omissions.
 Each of the member firms is a separate and independent legal entity
 operating under the names "Deloitte", "Deloitte & Touche", "Deloitte Touche
 Tohmatsu" or other related names. Services are provided by the member firms
 or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu
 Verein.
     Deloitte & Touche USA LLP is the US member firm of Deloitte Touche
 Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte
 & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte
 Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries),
 and not by Deloitte & Touche USA LLP.
     Contact:
     David Carmel
     StemCyte, Inc.
     917-414-4121
 
 

SOURCE StemCyte, Inc.

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