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Author Topic: CLBE!! CRAZY PR JUST OUT!!
stocks1984
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Press Release Source: CalbaTech, Inc.


CalbaTech Announces Significant Revenue Increase in 2005; Forecasts Profitability in 2006 and Expects to See Continued Progress by Its Subsidiary LifeStem With Its Stem Cell Microbank(TM) Service
Monday April 3, 7:40 pm ET


IRVINE, Calif., April 3 /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 biotech and pharmaceutical research market and to academic institutions, today announced revenues for the fiscal year ended December 31, 2005 totaled $1.292 million, up 430 percent from revenues of $300,633 in 2004.
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The Company's Reagents Division, had revenues of $1.292 million in 2005. CalbaTech said it projects these revenues will increase to $5 million within three years.

"We have streamlined expenses and combined marketing in the Reagents Division, resulting in that Division being profitable in 2005. Additionally, we are confident that with lower overhead and the new, state-of-the-art ISO 9002 certified compliant facility, which features two class 100 clean rooms, we will see a consistently profitable record of growth. This will allow both for expanded product lines, and contract manufacturing and leasing opportunities," said James DeOlden, CalbaTech Chairman and CEO.

The Company announced a net loss for the year of $5 million, incurring an unrealized one-time loss in recording the fair value of the debenture and related warrant derivatives relating to the convertible notes it obtained in 2005. The total non-cash financial impact to CalbaTech's income statement amounted to $2.3 million and the Company also incurred non-cash interest costs of $916,232 relating to the convertible debt accretion. CalbaTech said it anticipates realizing a gain of $4.15 million pursuant to this one-time loss in the year ending 2006.

CalbaTech said it expects significant progress in 2006 by its wholly own subsidiary, LifeStem, and its Stem Cell Microbank(TM) Service, which collects and stores healthy adult stem cells for autologous use.

"The therapeutic possibilities for use of these stem cells in curing diseases are potentially limitless. Our focus is on refining existing collection processes and storing stem cell samples from two tissue sources," Mr. DeOlden said. "We are the only Company that is collecting and storing adult stem cells from two different cell sources and we expect to begin generating revenue from these collections by LifeStem in the second quarter of 2006."

Finally, CalbaTech said its Form 10-KSB was filed on March 31, 2006, within the prescribed time period, and it will file a statement showing that its filing should revert to that date. Problems with the Federal Government's EDGAR filing system occurred on March 31.

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.


Contact:
Paul Knopick
E&E Communications
(949) 707-5365
pknopick*eandecommunications.com

Note: Certain statements in this news release may contain "forward-looking" information within the meaning of rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Act of 1934 and are subject to the safe harbor created by those rules. We use words such as "anticipate," "believe," "expect," "future," "intend," "plan," and similar expressions to identify forward-looking statements. These statements including those related to being in a large and growing market, exhibiting rapid growth characteristics, and having a growth strategy, are forward looking statements. These forward looking statements are only predictions and are subject to certain risks, uncertainties and assumptions. Some of the risks, uncertainties and assumptions that could cause actual results to differ materially from estimates or assumptions in this press release include the risk that we will not be able to grow our revenues and market share, the risk that our prices do not remain competitive and the risk that we will not achieve profitability. Additional risks are identified and described in the Company's public filings with the Securities and Exchange Commission, including our most recent Report on Form 10-KSB, and Reports on Form 10-QSB and Form 8-K. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company's past performance is not necessarily indicative of its future performance. The Company does not undertake, and the Company specifically disclaims, any obligation to update any forward-looking statements to reflect occurrences, developments, events, or circumstances after the date of such statement.


--------------------------------------------------------------------------------
Source: CalbaTech, Inc.

Posts: 1088 | From: Dallas, Texas | Registered: Feb 2006  |  IP: Logged | Report this post to a Moderator
stocks1984
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oh boy!! i see this having a huge day tomorrow. Im hopeing it does. Take a look at the chart. I see this heading back to .11 or .12 soon. I mean with this kind of news! wow!
Posts: 1088 | From: Dallas, Texas | Registered: Feb 2006  |  IP: Logged | Report this post to a Moderator
llatffej
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wish i had money!! most of my money is in TWOG, i actually sold clbe to get into TWOG
Posts: 116 | From: florida | Registered: Sep 2005  |  IP: Logged | Report this post to a Moderator
Livinonklendathu
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Read the report - Net loss almost doubled, O/S jumped, open SB-2, might pop though, nice rev increase and not all people read the fine print:
[Eek!]

http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename %3D0001019687%252D06%252D000717%252Etxt%26filepath%3D%255C2006%255C04%255C03%255 C&symbol=CLBE

--------------------
......in Psychiatry circles it's known as a "warning sign"

Posts: 1736 | From: Saint Louis | Registered: Jul 2005  |  IP: Logged | Report this post to a Moderator
Wall St.
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Big gapper this morning!!!
Posts: 9 | From: Omaha, Nebraska | Registered: Jan 2006  |  IP: Logged | Report this post to a Moderator
Brutus2600
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How much of a run do you think it will do? It's already up .02 this morning, but only being at .09 it has been at .14ish in the last few months.
Posts: 77 | From: DFW, TX | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
   

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