| NEW YORK--(BUSINESS WIRE)--Pluristem Life Systems, Inc. (OTCBB:PLRS
- News), a cell
therapy Company dedicated to the commercialization of cell therapy
products for a variety of indications, today announced it has retained
Strategic Growth International, Inc. ("SGI"), as its global investor
relations advisor to increase the awareness of Pluristem to the
investment community. Founded in 1989, SGI is headed by Stanley
Altschuler and Richard Cooper, two long-time and highly respected Wall
Street veterans, who have assembled an experienced team of
investment/financial professionals including specialists in life science
companies and with international growth companies such as Pluristem.
Since its inception in 1989, Strategic Growth has achieved an
unparalleled success for over 150 clients.
Mr. Zami Aberman, President and Chief Executive Officer of Pluristem
Life Systems, stated, "Pluristem has made substantial progress in
creating a dynamic business platform and in achieving important
strategic steps that will position the Company for continued growth." We
are pleased to add a firm like Strategic Growth to our team. Together we
will actively meet with investors in the coming months to ensure that
our progress is known by the investment community."
Richard Cooper, Chairman of Strategic Growth, added that "Global
investors in the emerging company space have developed a growing
awareness of the exciting potential that companies have in the stem cell
therapy space, particularly those like Pluristem that have made
significant progress in commercializing their proprietary technology. We
made a careful decision to utilize our close contact with institutional
investors and our resource base to bring the Pluristem story to the
investment community."
ABOUT PLURISTEM:
Pluristem Life Systems, Inc., is a biotechnology Company dedicated to
the commercialization of non-personalized (allogeneic) stem cell therapy
products for the treatment of several severe degenerative, malignant and
autoimmune disorders. The Company's first planned product, PLX-BMT,
targets a $2 billion market and is intended to resolve the global
shortfall of matched tissue for bone marrow transplantation (BMT) by
improving the engraftment of hematopoietic stem cells (HSCs) contained
in umbilical cord blood (CB).
Pluristem's products are derived from mesenchymal stem cells (MSCs)
obtained from the placenta and expanded in the Company's proprietary
PluriX(TM) 3D bioreactor that imitates the natural microstructure of
bone marrow and does not require supplemental growth factors, cytokines
or other exogenous materials. Pluristem believes the resultant expanded
cells, termed PLX cells, are multipotent and able to differentiate into
a variety of cell types as well as being immune-privileged to protect
the recipient from immunological reactions that often accompanies
transplantation. Pluristem believes their future products will
participate in the approximate $30 billion therapeutic and regenerative
cellular market.
Pluristem has offices in the USA with research and manufacturing
facilities in Israel.
Additional information about Pluristem can be found on the Web at
www.pluristem.com.
SAFE HARBOR STATEMENT:
This press release contains statements, which may constitute
"forward-looking statements" regarding our intent, belief or current
expectations. Forward-looking statements in this release, include that
PLX-BMT, targets a $2 billion market and is intended to resolve the global
shortfall of matched tissue for bone marrow transplantation (BMT); that
the resultant expanded cells, termed PLX cells, are multipotent and able
to differentiate into a variety of cell types as well as being
immune-privileged to protect the recipient from immunological reactions
that often accompanies transplantation; that Company future products
will participate in the approximate $30 billion therapeutic and
regenerative cellular market; that we will have continued growth.
Factors that could prevent our forward looking statements from being
achieved include that we may be unable to get regulatory approval for
our products; we may be unsuccessful in developing any products; our
technology may not be validated as we progress further and our methods
may not be accepted by the scientific community; we may be unable to
retain or attract key employees whose knowledge is essential to the
development of our products; unforeseen scientific difficulties may
develop with our process; results in the laboratory may not translate to
equally good results in real surgical settings; our patents may not be
sufficient to protect essential aspects of our technology; competitors
may invent better technology; our products may not work as well as hoped
or worse, our products may harm recipients; and we may not be able raise
funds for development or working capital when we require it. As well,
our products may never develop into useful products and even if they do,
they may not be approved for sale to the public. For further risk
factors see the Company's latest 10-KSB filed with the SEC.
For more information visit our website at
www.pluristem.com
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