Ocata Therapeutics Inc fka OCAT

[locksflooring]

ACTC-Finally Off Pinks--Advanced Cell Technology’s Shares to Trade Today on Over-the-Counter Bulletin Board
Date : 10/06/2009 @ 7:40AM
Source : Business Wire
Stock : Advanced Cell Technology, Inc. (ACTC)
Quote : 0.13 0.046 (54.76%) @ 7:58AM


Advanced Cell Technology’s Shares to Trade Today on Over-the-Counter Bulletin Board





Advanced Cell Technology, Inc. (Advanced Cell, ACT) (OTCBB: ACTC) announced today that effective immediately the Company's shares will be traded on the Over-the-Counter Bulletin Board under its previous ticker symbol ACTC. The Company is now fully reporting and up-to-date with all of its filing requirements. The Company’s stock had previously traded on the Pink Sheets.


“I am gratified that the Company was able to achieve another significant milestone for its shareholders,” said William M. Caldwell IV, Advanced Cell’s Chairman and CEO. “Trading on the OTCBB should allow for increased transparency and facilitate the trading of our stock with a broader group of investors. In the last 12 months, Advanced Cell has completed a dramatic turnaround, made even more impressive by the obstacles it has had to overcome. We were able to cure a default with our Indenture holders, working out an equitable settlement for all of our constituencies; we raised capital through a series of licensing agreements and a private placement, allowing us to continue development activities which we expect will culminate in an IND filing this year for our RPE program; and, we have been able to retain key members of our scientific and management team, despite the adversity we have faced. We strongly believe in the potential for our science, and look forward to aggressively developing our clinical programs in the coming months.”

About Advanced Cell Technology, Inc.


Advanced Cell Technology, Inc. is a biotechnology company applying cellular technology in the field of regenerative medicine. For more information, visit http://www.advancedcell.com.


Forward-Looking Statements

Statements in this news release regarding future ability to draw on the credit Facility, future financial and operating results, future growth in research and development programs, potential applications of our technology, opportunities for the Company and any other statements about the future expectations, beliefs, goals, plans, or prospects expressed by management constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing the words “will,” “believes,” “plans,” “anticipates,” “expects,” “estimates,” and similar expressions) should also be considered to be forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including: limited operating history, need for future capital, risks inherent in the development and commercialization of potential products, protection of its intellectual property, and economic conditions generally. Additional information on potential factors that could affect the Company’s results and other risks and uncertainties are detailed from time to time in the company’s periodic reports, including the report on Form 10-K for the year ended December 31, 2008. Forward-looking statements are based on the beliefs, opinions, and expectations of the company’s management at the time they are made, and the company does not assume any obligation to update its forward-looking statements if those beliefs, opinions, expectations, or other circumstances should change.