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[QUOTE]Originally posted by IMAKEMONEY: [QB] Advanced Cell Commends Massachusetts Governor Deval Patrick's Decision to Push to Reverse Stem Cell Research Restrictions Apr 3, 2007 12:17:47 (ET) ALAMEDA, Calif., Apr 03, 2007 (BUSINESS WIRE) -- Advanced Cell Technology, Inc. (ACTC, Trade ) commends Massachusetts Governor Deval Patrick's decision to reverse stem cell research restrictions imposed by his predecessor, Mitt Romney. Patrick told a roundtable of biotechnology officials at a meeting of the Life Science Council, "I believe that life sciences should be guided by science, not politics." Many in the scientific community contended that Romney's restrictions could have prevented them from using some stem cells. It was also widely asserted that the restrictions undercut a 2005 law that was approved by the state legislature over Romney's veto. Should Patrick successfully reverse the research restrictions, Massachusetts will join a growing number of states that have passed legislation or proposed initiatives to expand funding for embryonic stem cell research. These states include, but are not limited to, California, New York, New Jersey, Connecticut, Florida, and Missouri. Commenting on the Governor's initiative, Martha Coakley, Attorney General of Massachusetts, recently stated, "I applaud the Governor for taking steps to reverse the regulations put into place by the Romney administration restricting stem cell research in Massachusetts. Through stem cell research, we have the opportunity to cure so many diseases and improve the lives of countless people, not only in Massachusetts, but throughout the country, and in fact, the world." William M. Caldwell, IV, Chief Executive Officer and Chairman of Advanced Cell Technology, commented, "We could not be more pleased with Governor Patrick's decision to follow-through on his campaign promise to reform the restrictive nature of the stem cell research environment in the state of Massachusetts. We hope this serves as a catalyst for other state governments to move in the same direction, ultimately providing a platform for funding not only for research, but for developmental projects that already exist. The opportunity is at hand for the state to quickly emerge as a national leader in this area of research, by focusing the funding on the translation of the basic science into bedside therapies. Furthermore, we believe that the potential for lifting restrictions on and expanding funding for embryonic stem cell research will help Massachusetts keep biotechnology companies and jobs in the state, where we maintain one of our two principal research and development laboratories." About Advanced Cell Technology, Inc. Advanced Cell Technology, Inc. is a biotechnology company applying embryonic stem cell technology in the emerging field of regenerative medicine. The company operates facilities in Alameda, California and Worcester, Massachusetts. For more information about the company, please visit http://www.advancedcell.com . Forward-Looking Statements Statements in this news release regarding 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 our intellectual property, and economic conditions generally. Additional information on potential factors that could affect our results and other risks and uncertainties are detailed from time to time in the company's periodic reports, including the report on Form 10-QSB for the quarter ended September 30, 2006. 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. SOURCE: Advanced Cell Technology, Inc. The Investor Relations Group Investors: James Carbonara, Joseph Kessler 212-825-3210 or Media: Bill Douglass, 212-825-3210 [/QB][/QUOTE]
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