Press Release Source: Embryo Development Corp.

Embryo Development Corp. (OTCBB: EMBR.OB) Announces a Potential Acquisition of AES Management Buyout Corp. a Privately Held Delaware Corporation Through a Merger Transaction
Monday December 20, 4:43 pm ET

NEW YORK, Dec. 20 /PRNewswire-FirstCall/ -- Embryo Development Corp. (Embryo, OTC Bulletin Board: EMBR.OB) today announced that it is in negotiations with AES Management Buyout Corp. (AES), a Delaware Corporation to merge AES into a newly formed subsidiary of Embryo. The transaction is subject to the negotiation and execution of a definitive Agreement and Plan of Merger, satisfactory due diligence review by both parties, approval of Shareholders of AES and completion of other conditions precedent as are customary to agreements of this nature. No assurance can be given as to the results of the negotiations