Osteotech Announces First Quarter 2001 Results Release and Conference Call Webcast

Issues Earnings Warning



Apr 23, 2001, 01:00 ET from Osteotech, Inc.

    EATONTOWN, N.J., April 23 /PRNewswire Interactive News Release/ --
 Osteotech, Inc. (Nasdaq:   OSTE) announced today that results of operations for
 the Company's first quarter results will be released April 26, 2001, prior to
 the market opening.  The Company stated that it expects to report that first
 quarter 2001 revenues will be 3% - 5% below last year's first quarter and that
 it will most likely report a loss for the quarter ended March 31, 2001, in the
 range of $.01 - $.03 diluted loss per share.
     A conference call will be conducted by Richard W. Bauer, Chief Executive
 Officer, as well as other Osteotech management, on April 26, 2001, at
 2:00 p.m. Eastern time to discuss these operating results and related matters.
 Automated playback will be available from 5:30 p.m. Eastern time, April 26,
 until 11:00 p.m. Eastern time, May 3 by dialing 320-365-3844 and indicating
 access code 583901.
     A live, listen-only web-cast of our conference call will be available at
 our investor site at http://www.osteotech.com.  A replay of the conference
 call and the question/answer session will be available at the company's web
 site for approximately 7 days following the call.  It will be necessary to
 have RealPlayer installed on your computer.
     Osteotech, Inc., headquartered in Eatontown, New Jersey, is a leading
 provider of human bone and bone connective tissue for transplantation and an
 innovator in the development and marketing of biomaterial and implant products
 for musculoskeletal surgery.
 
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SOURCE Osteotech, Inc.
    EATONTOWN, N.J., April 23 /PRNewswire Interactive News Release/ --
 Osteotech, Inc. (Nasdaq:   OSTE) announced today that results of operations for
 the Company's first quarter results will be released April 26, 2001, prior to
 the market opening.  The Company stated that it expects to report that first
 quarter 2001 revenues will be 3% - 5% below last year's first quarter and that
 it will most likely report a loss for the quarter ended March 31, 2001, in the
 range of $.01 - $.03 diluted loss per share.
     A conference call will be conducted by Richard W. Bauer, Chief Executive
 Officer, as well as other Osteotech management, on April 26, 2001, at
 2:00 p.m. Eastern time to discuss these operating results and related matters.
 Automated playback will be available from 5:30 p.m. Eastern time, April 26,
 until 11:00 p.m. Eastern time, May 3 by dialing 320-365-3844 and indicating
 access code 583901.
     A live, listen-only web-cast of our conference call will be available at
 our investor site at http://www.osteotech.com.  A replay of the conference
 call and the question/answer session will be available at the company's web
 site for approximately 7 days following the call.  It will be necessary to
 have RealPlayer installed on your computer.
     Osteotech, Inc., headquartered in Eatontown, New Jersey, is a leading
 provider of human bone and bone connective tissue for transplantation and an
 innovator in the development and marketing of biomaterial and implant products
 for musculoskeletal surgery.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X41772777
 
 SOURCE  Osteotech, Inc.