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[QUOTE]Originally posted by strike1: [QB] PR from the 20th CalbaTech's Subsidiary, LifeStem, Inc., Contracts With Solana MedSpas to Exclusively Offer Its Stem Cell Microbank(TM) to Bank Adult Stem Cells Through Solana MedSpas' National Network Tuesday December 20, 5:00 am ET IRVINE, Calif., Dec. 20 /PRNewswire-FirstCall/ -- CalbaTech, Inc. (OTC Bulletin Board: CLBE - News), an emerging life sciences company (http://www.CalbaTech.com) concentrating on providing products and platforms to the research market for biotech and pharmaceutical companies and to academic institutions, today announced that its wholly owned subsidiary, LifeStem, Inc., has reached an agreement with Solana MedSpas (http://www.solanamedspas.com), the nation's foremost developer and syndicator of medical spas, to exclusively offer LifeStem's Stem Cell MicroBank(TM) Service through Solana MedSpas' national network. ADVERTISEMENT In the definitive agreement, LifeStem's Stem Cell MicroBank(TM) will initially be offered in six Solana MedSpas network locations in Southern California. Solana MedSpas expects to have as many as 70 locations open by the end of 2006 and intends to offer the Stem Cell Microbank Service at all locations. "We are extremely pleased that we have formalized an agreement with Solana MedSpas," says LifeStem President Dan Fulkerson, "and are confident that many individuals within the Solana MedSpas client base will take advantage of our Stem Cell MicroBank(TM) Service." Fulkerson continued, "By beginning with six locations and by adding new locations as Solana MedSpas debuts them, our conservative estimates over the first 12 months of operations project revenues in excess of $3 million, with the potential to exceed $25 million in the next couple of years. We're looking forward to expanding our microbanking model into the growing Solana MedSpas network." In addition to serving the Solana MedSpas client base, LifeStem is planning an aggressive marketing program of its Stem Cell Microbank(TM) Service, outside of Solana's efforts, which will reach more potential clients. "We are delighted to finalize our agreement with LifeStem," says John Buckingham, CEO and co-founder of Irvine, Calif.-based Solana MedSpas. "We are now ready to move to the beta test phase at selected medspa locations," Buckingham adds, noting that Solana MedSpas will the first medspa network to offer an adult stem cell collection service. "As Solana MedSpas continue to orchestrate the marriage of healthcare product innovation with our ever expanding medspa distribution channel, the addition of LifeStem's Stem Cell MicroBank(TM) Service to our locations, not only positions Solana MedSpas as unique vis-a-vis the competition, but it represents the next logical step in the realization of our vision and mission as a syndicator of medical spas." About CalbaTech CalbaTech, Inc. (OTC Bulletin Board: CLBE - News) is an emerging life sciences company (http://www.CalbaTech.com) concentrating on providing products and platforms to the research market for biotech and pharmaceutical companies and to academic institutions. About LifeStem LifeStem, a wholly owned subsidiary of CalbaTech, is positioning itself to become a leading supplier of "Cellular Logistics." The Company's focus is to provide services and technologies to facilitate the efficient acquisition and delivery of adult stem cells, development of stem cell delivery devices for clinical applications and clinical applications of specific stem cell based therapies. LifeStem, in addition to being the first company to offer micro collection of stem cells, is also the first company to offer a collection service that collects and stores two different types of stem cells. The Company has filed patent applications for an endoscopic stem cell delivery device and its novel Stem Cell MicroBank(TM) service. [/QB][/QUOTE]
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