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Advanced Cell to Host Investor Conference Call to Discuss Breakthrough Technique to Generate Embryonic Stem Cells without Harming Embryo
Wednesday August 23, 4:43 pm ET
Proprietary Method May Remove Ethical and Political Obstacles to Stem Cell Research and Federal Funding
ALAMEDA, Calif.--(BUSINESS WIRE)--Aug. 23, 2006--Advanced Cell Technology, Inc. (OTCBB:ACTC - News), developers of groundbreaking human embryonic stem cell technologies to create next-generation medical therapies, will hold an investor conference call on Friday, August 25, 2006, at 12 noon Eastern, to discuss its novel technique to generate human embryonic stem cell lines from embryos while fully preserving the embryo's potential for life and development.
The proprietary technique, which was recently published in the scientific journal "Nature," aims to resolve many of the ethical issues currently stunting embryonic stem cell research and may finally open the door to needed funding from the federal government.
During the conference call, William M. Caldwell IV, Chief Executive Officer of Advanced Cell Technology (ACT), and Dr. Michael D. West, Ph.D., President and Chief Scientific Officer of ACT, will discuss the company's scientific advances and business initiatives, and will address investor questions.
Among the primary ethical objections of those who oppose the generation of human embryonic stem cells is that all techniques, until now, have resulted in the destruction of the embryo. The company's newly published proprietary technique may overcome this hurdle, offering the potential to speed the progress of stem cell science from laboratory to bedside.
"We hope that this new technique will allow us to make stem cell lines widely available for researchers around the country," said Mr. Caldwell. "Our goal is to help accelerate basic research and enable the translation of that research into real cures and treatments for many of the world's most devastating diseases."
In the paper in "Nature," ACT scientists described their technique to generate human embryonic stem cells (hES cells) using a method for deriving stem cells from human blastomeres with a single-cell biopsy technique called Preimplantation Genetic Diagnosis (PGD). PGD is a widely used practice used at in vitro fertilization (IVF) clinics to assess the genetic health of preimplantation embryos. To date, more than 1,500 healthy children have been born following the procedure, and live with their families today.
Current embryonic stem cell technology is the source of a heated national controversy because it derives hES cells from the inner cell mass of later-stage embryos known as blastocysts, destroying their potential for further development. "What has made ACT's novel approach so groundbreaking is its ability to generate stem cell lines of equal scientific value from a single cell obtained from an 8-cell-stage embryo, while maintaining the embryo's potential to develop normally," said Mr. Caldwell.
Callers within the United States can access the conference call by calling (800) 230-1074, when prompted tell the operator you would like to connect to the 'Advanced Cell Technology conference call.' International callers can dial (612) 332-0228. An online audio web simulcast of the call will also be accessible at http://www.trilogy-capital.com/tcp/advanced_cell/.
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 June 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.
Contact: Financial Dynamics Robert Stanislaro, 212-850-5657 (Media) or The Investor Relations Group James Carbonara, 212-825-3210 (Investors) or Financial Communications Trilogy Capital Partners Paul Karon, 800-592-6067 paul*trilogy-capital.com
Posts: 2321 | Registered: Aug 2006
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Posted by: skipdeez In reply to: Rawnoc who wrote msg# 716576 Date:8/23/2006 5:02:48 PM Post #of 716585
ACTC -> If this wasn't 100% legit then all of these news outlets would not be reporting on it IMO...Heck, the white house even commented positively. I wouldn't doubt if the President commented on this, seeing how he cut stem cell funding in 2001 because it destroyed embryos...
quote:Originally posted by vinnie1: THIS IS GOING TO BLAST OFF.
You can say that again!! Especially on Fiday and Monday after the Conference Call. I bet some big investors will get in on the call.
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Market cap is already deemed to be at 50 million. At $5 it will be 135 million. It might be a while before that happens ... But who knows !!! Stranger things have happened..
Posts: 1134 | Registered: Apr 2003
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quote:Originally posted by bksundar: Market cap is already deemed to be at 50 million. At $5 it will be 135 million. It might be a while before that happens ... But who knows !!! Stranger things have happened..
WoW! An NVAO type run, like at the end of March, would be AWESOME!
Posts: 2321 | Registered: Aug 2006
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The issue of Embryos getting Destroyed, has been a major issue in almost every country working in Stem Cell Research. This end all Negative views about this Science. Right now this news is spreading like wild fire all over the world. I think this will get the most coverage ever for a penny stock, at least that I've seen.
"U.S. law currently bans federal funding of any research that harms human embryos. A White House spokeswoman said the new method's eligibility for funding could not yet be determined, "but it is encouraging to see scientists at least making serious efforts to move away from research that involves the destruction of embryos."
"I think this will become a standard way of producing stem cell lines," said Ronald M. Green, a Dartmouth College professor of religion who is an unpaid bioethics adviser to Advanced Cell Technology."
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Wow the coverage on the news is incredible. CNN, FOX etc etc.
A penny company with this kind of scientific breakthrough is going to have an enormous surge in PPS. Bigger than NVAO imo.
Expect a lot of profit taking though going into the conference call. Even bigboard investors will be getting in on this. Too bad there's no after hours and pre-market trading in the OTCBB. Get ready to blast off!!!!!!!!!!!!
-------------------- Now We Movin On Up!! Posts: 211 | From: Los Angelos | Registered: Oct 2004
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Great link Ace. When was the last time a penny stock make instant worldwide frontpage news like this?? IMO I don't even think we've began to see the potential to where this company will go because of this news.
-------------------- Now We Movin On Up!! Posts: 211 | From: Los Angelos | Registered: Oct 2004
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I agree, I think many Big Board investors will invest in ACTC, as their first penny stock ever! This news is just crazy to be from a penny stock.
Posts: 2321 | Registered: Aug 2006
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quote:Originally posted by AshyToClassy: Great link Ace. When was the last time a penny stock make instant worldwide frontpage news like this?? IMO I don't even think we've began to see the potential to where this company will go because of this news.
just to keep things in perspective?
Scottie restricted it today, to phone transactions...wants time to check out PR. I heard they hoped to have it cleared in the morning...
But if they don't ...... ?
just saying, yes, it is extremely exciting...but don't assume anything...
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
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