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CellCyte Genetics Corp. Continues to Move Its Technology Forward in Light of Plaintiff Law Firm Press Releases

Geschrieben am 12-02-2008


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ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
the content of this announcement.
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finances

Bothell (euro adhoc) - BOTHELL, Wash., Feb. 12 -- In response to the
recent comments by certain plaintiff law firms regarding their filing
of class action lawsuits, CellCyte Genetics Corporation (the
"Company") (OTC Bulletin Board: CCYG) asserts that the pending claims
are without merit and will be shown to be so in a court of law. To
that end, CellCyte has retained the international law firm of Duane
Morris LLP as its counsel and will defend itself vigorously in these
matters. Concurrently, the Company will continue its commitment to
and pursuit of its policy of ensuring that its operations comply with
all applicable laws.


"CellCyte is founded on patented technology discovered by and licensed from
the US Department of Veteran Affairs. We continue a solid and aggressive
development plan for this important technology for the delivery of adult stem
cells to the human heart," said Gary A. Reys, Chairman and CEO of CellCyte. "Our
highly skilled management and scientific team are committed to developing our
technologies to their fullest potential and we continue to be actively involved
in collaborations with the Cleveland Clinic and other research leaders".
"Further," Reys said, "CellCyte is actively moving its intellectual
properties through the US patent and Trademark office to insure that our
technologies are well protected, which is one of the cornerstones of any
biotechnology company which helps insure our shareholders a solid and protected
technology base. Our most recent patent was issued in November 2007 that covers
CellCyte's lead composition. This most recent patent milestone gives CellCyte
three fully issued patents."
CellCyte Genetics continues to be actively engaged in carrying out its
business plan and corporate objectives as stated in the company's literature and
filings. This fact is further evidenced by such major advances as its move to
the Company's new 26,000 foot facility and corporate offices in Bothell
Washington and its continued business development efforts headed by Tony
Colasin, who was previously Senior Director of Business Development at ICOS,
which was recently acquired by Lilly.

About CellCyte Genetics
CellCyte Genetics, a Washington State company, is an emerging biotechnology
company engaged in the principal business of the discovery, development and
commercialization of breakthrough stem cell enabling therapeutic products for
use in regenerative medicine. The Company also has a medical device division
being developed to grow and expand a variety of cells including Islet cells for
diabetes and eventually proteins.

For further information see: http://www.cellcyte.com.
Symbol: OTCBB - CCYG; Frankfurt/Berlin Symbol - LK6 WKN. No.: A0MLCV.


Safe Harbor Statement
THIS NEWS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS", AS THAT TERM IS
DEFINED IN SECTION 27A OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED,
AND SECTION 21E OF THE UNITED STATES SECURITIES EXCHANGE ACT OF 1934, AS
AMENDED. STATEMENTS IN THIS NEWS RELEASE, WHICH ARE NOT PURELY HISTORICAL, ARE
FORWARD-LOOKING STATEMENTS AND INCLUDE ANY STATEMENTS REGARDING BELIEFS, PLANS,
EXPECTATIONS OR INTENTIONS REGARDING THE FUTURE. EXCEPT FOR THE HISTORICAL
INFORMATION PRESENTED HEREIN, MATTERS DISCUSSED IN THIS NEWS RELEASE CONTAIN
FORWARD-LOOKING STATEMENTS THAT ARE SUBJECT TO CERTAIN RISKS AND UNCERTAINTIES
THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM ANY FUTURE RESULTS,
PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH STATEMENTS. STATEMENTS
THAT ARE NOT HISTORICAL FACTS, INCLUDING STATEMENTS THAT ARE PRECEDED BY,
FOLLOWED BY, OR THAT INCLUDE SUCH WORDS AS "ESTIMATE," "ANTICIPATE," "BELIEVE,"
"PLAN" OR "EXPECT" OR SIMILAR STATEMENTS ARE FORWARD-LOOKING STATEMENTS. RISKS
AND UNCERTAINTIES FOR THE COMPANY INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS
ASSOCIATED WITH THE CLOSING OF THE SHARE EXCHANGE AGREEMENT AND THE DEVELOPMENT
AND FUNDING OF THE COMPANY CONSEQUENT THEREON, AS WELL AS THE RISKS SHOWN IN THE
COMPANY'S MOST RECENT ANNUAL REPORT ON FORM 10-KSB AND ON FORM 10-QSB AND FROM
TIME-TO-TIME IN OTHER PUBLICLY AVAILABLE INFORMATION REGARDING THE COMPANY.
OTHER RISKS INCLUDE RISKS ASSOCIATED WITH THE REGULATORY APPROVAL PROCESS,
COMPETITIVE COMPANIES, FUTURE CAPITAL REQUIREMENTS AND THE COMPANY'S ABILITY AND
LEVEL OF SUPPORT FOR ITS RESEARCH AND DEVELOPMENT ACTIVITIES. THERE CAN BE NO
ASSURANCE THAT THE COMPANY'S DEVELOPMENT EFFORTS WILL SUCCEED AND THE COMPANY
WILL ULTIMATELY ACHIEVE COMMERCIAL SUCCESS.
THESE FORWARD-LOOKING STATEMENTS ARE MADE AS OF THE DATE OF THIS NEWS
RELEASE, AND THE COMPANY ASSUMES NO OBLIGATION TO UPDATE THE FORWARD-LOOKING
STATEMENTS, OR TO UPDATE THE REASONS WHY ACTUAL RESULTS COULD DIFFER FROM THOSE
PROJECTED IN THE FORWARD-LOOKING STATEMENTS. ALTHOUGH THE COMPANY BELIEVES THAT
THE BELIEFS, PLANS, EXPECTATIONS AND INTENTIONS CONTAINED IN THIS NEWS RELEASE
ARE REASONABLE, THERE CAN BE NO ASSURANCE THOSE BELIEFS, PLANS, EXPECTATIONS OR
INTENTIONS WILL PROVE TO BE ACCURATE. INVESTORS SHOULD CONSIDER ALL OF THE
INFORMATION SET FORTH HEREIN AND SHOULD ALSO REFER TO THE RISK FACTORS DISCLOSED
IN THE COMPANY'S PERIODIC REPORTS FILED FROM TIME-TO-TIME WITH THE UNITED STATES
SECURITIES AND EXCHANGE COMMISSION. THIS NEWS RELEASE HAS BEEN PREPARED BY
MANAGEMENT OF THE COMPANY WHO TAKE FULL RESPONSIBILITY FOR ITS CONTENTS. EACH OF
THE NASD, THE SEC AND THE OTCBB NEITHER APPROVES NOR DISAPPROVES OF THE CONTENTS
OF THIS NEWS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR
THE SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THESE
SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD
BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF
ANY SUCH JURISDICTION.


SOURCE CellCyte Genetics Corporation


end of announcement euro adhoc
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ots Originaltext: CELLCYTE GENETICS
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Investor Relations of CellCyte Genetics Corporation,

+1-425-368-1790

Web site: http://www.cellcyte.com

Branche: Biotechnology
ISIN: US15116P1030
WKN: A0MLCV
Börsen: Börse Frankfurt / Open Market
Börse Berlin / free trade
Börse Stuttgart / free trade
Börse München / free trade


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