Fourth Quarter Results Feature Record Product Sales with Double-Digit Growth
Conference Call Begins Friday, March 30th at 10:00 a.m. Eastern Time
GAITHERSBURG, Md. (March 29, 2012) – Cytomedix, Inc. (OTC/BB: CMXI) (the “Company”), a leading developer of biologically active regenerative therapies for wound care, inflammation and angiogenesis, today announced financial results for the three and 12 months ended December 31, 2011.
Financial highlights for the 2011 fourth quarter include (all comparisons are with the 2010 fourth quarter):
- Total revenues increased 129% to $2.96 million from $1.29 million
- Product sales up 25% to $1.61 million from $1.29 million
- Licensing revenue of $1.35 million as partial recognition of a $2.0 million non-refundable option fee paid in connection with the potential strategic supply and distribution partnership for AutoloGel
- Net income to common shareholders of $0.81 million or $0.02 per basic share compared with a net loss of $2.17 million or $0.05 per share
Financial highlights for the 2011 year include (all comparisons are with 2010):
- Total revenues increased 85% to $7.25 million from $3.91 million
- Product sales increased 56% to a record $5.90 million from $3.79 million
- Licensing revenue of $1.35 million as described above, compared with $123,000 in royalty revenue associated with the final adjustments post November 2009 patent expiration
- Net loss to common shareholders of $3.86 million or $0.08 per share, compared with a net loss of $9.04 million or $0.23 per share
Management Discussion
Martin P. Rosendale, Chief Executive Officer of Cytomedix, said, “2011 was an exceptional year for Cytomedix, and was one in which we significantly strengthened the Company and positioned it for future growth and business expansion. The Angel business continues to grow nicely, posting double-digit sales increases, and we have made substantial progress with the AutoloGel system both with business development and reimbursement initiatives. We significantly strengthened our balance sheet with the early retirement of the remaining debt from the Angel acquisition and the $2.0 million non-refundable option payment received from our potential strategic global pharmaceutical partner for AutoloGel. Importantly, we recently expanded our commitment to regenerative medicine with the acquisition of Aldagen in February 2012, and we are now a significantly more diversified business with both commercial products and a robust pipeline of promising regenerative technologies.
“The potential partnership of AutoloGel with a large global pharmaceutical company should provide us with the resources, both commercial and financial, to advance our strategic goals and to strengthen our leadership position in autologous regenerative biotherapies. The strategic acquisition of Aldagen provides Cytomedix with a novel patent-protected cell selection technology that fits well with our existing commercial products and strengthens our long-term growth profile. In combination, we now touch the three pillars of regenerative medicine with autologous stem cells, platelet-derived signal molecules and plasma scaffolds.
“We are confident in the continued growth prospects for our Angel product throughout 2012 and beyond as our enhanced targeted marketing efforts and planned expansion of indications into sports medicine and orthopedics should provide opportunities to significantly increase utilization. In addition, we plan to add sales and clinical support positions in key territories and have ramped up manufacturing and placement of devices to meet the expected increase in demand.
“We are very excited about the opportunities ahead for Cytomedix as we grow sales of the Angel system, finalize our potential partnership for AutoloGel and advance the clinical development of our autologous cell therapy pipeline,” concluded Mr. Rosendale.
Fourth Quarter Financial Results
Total revenues for the fourth quarter of 2011 were $2.96 million, an increase of 129% compared with total revenues of $1.29 million for the fourth quarter of 2010. The increase was largely attributable to $1.35 million in revenue from the $2.0 million non-refundable option fee paid in connection with the potential agreement with a global pharmaceutical company, as well as from higher sales of the Angel System.
Sales from the Angel product line increased 26% to $1.52 million from $1.21 million in the prior year fourth quarter, representing the sixth consecutive quarter of sequential sales growth for this product. AutoloGel System sales of $89,000 increased 10% compared with the fourth quarter of 2010.
Gross profit for the fourth quarter of 2011 rose 210% to $2.23 million from $720,000 for the same period in 2010, primarily due to $1.35 million in licensing revenue that had no related cost of goods sold. Gross profit on product sales increased 23% to $0.88 million.
Gross margin on product sales for the three months ended December 31, 2011 decreased nominally to 55% from 56% for the comparable 2010 period.
Fourth quarter cash margin on product sales, excluding $39,000 in patent amortization and $72,000 in depreciation, was 62%. Cash margin is a non-GAAP financial measure, most directly comparable to gross margin, and should not be considered as an alternative thereto. Cytomedix defines cash margin as gross margin exclusive of patent amortization and depreciation expense, and it is a significant performance metric used by management to indicate cash profitability on product sales.
Fourth quarter 2011 operating expenses decreased 10% to $1.99 million compared with operating expenses of $2.21 million in the prior year’s fourth quarter. This decline was due primarily to lower legal and accounting costs in 2011 compared with the prior year, which included costs associated with transition related costs from the April 2010 acquisition of the Angel and activAT® product lines, and lower audit fees. The Company also realized lower research and development, general and administrative, and salary expenses, partly offset by modestly higher consulting costs associated with the Aldagen acquisition.
Other income for the fourth quarter of 2011 was $0.66 million, an improvement of $1.23 million compared with other expense of $0.57 million in the fourth quarter of 2010, primarily due to a non-cash change in the fair value of derivative liabilities associated with embedded conversion options in the convertible notes from the July 2011 debt financings. Upon the anticipated conversion of these notes in 2012, the then existing derivative liability would cease to exist and the balance would transfer to stockholder’s equity.
Net income to common stockholders for the fourth quarter of 2011 was $0.81 million or $0.02 per basic share ($0.01 per diluted share), compared with a net loss to common stockholders of $2.17 million or $0.05 per basic and diluted share for the fourth quarter of 2010.
2011 Financial Results
Total revenues for 2011 were $7.25 million, up 85% from total revenues of $3.91 million for 2010. The increase was largely attributable to $1.35 million in revenue from the $2.0 million non-refundable option fee discussed above, as well as from higher sales of the Angel and AutoloGel Systems, partially offset by the loss of royalty revenue due to the expiration of the underlying patent.
Total product sales for 2011 increased 56% to $5.90 million from $3.79 million for 2010, largely the result of increased Angel sales. The first quarter of 2010 had no Angel sales as the product was acquired in April 2010.
Gross profit for 2011 increased 97% to $4.52 million, primarily due to $1.35 million in licensing revenue that had no related cost of goods sold. Gross profit on product sales increased 60% to $3.18 million as a result of higher Angel sales.
Gross margin on product sales for 2011 increased nominally to 54% from 53% for 2010. Cash margin for 2011, excluding depreciation, amortization and $57,000 in certain non-recurring adjustments in the first quarter of 2011, was 62%. Cash margin is a non-GAAP financial measure as described above.
Operating expenses for 2011 increased 4% to $8.04 million from $7.70 million for 2010.
The net loss to common stockholders for 2011 was $3.86 million or $0.08 per basic and diluted share, compared with a net loss to common stockholders for 2010 of $9.04 million or $0.23 per basic and diluted share. The net loss for 2010 includes a charge of $1.95 million, which represents the amortization of a beneficial conversion feature on the Series D preferred stock issued in association with the financing conducted in conjunction with the closing of the Angel acquisition in April 2010. This was a non-recurring, non-cash charge with no net effect on total shareholders’ equity.
Cash and Liquidity
Cash and cash equivalents as of December 31, 2011 were $2.25 million compared with $0.64 million as of December 31, 2010. The Company used $4.24 million to fund operating activities during 2011.
Andrew Maslan, Cytomedix’ Chief Financial Officer, noted, “During 2011, we undertook a number of important initiatives to strengthen our balance sheet and improve our cash flow, with such actions allowing the removal of the ‘going concern’ language in our 2011 Annual Report on Form 10-K.
“In April 2011, we considerably lowered our near term debt service obligations by facilitating early retirement of the remaining $3.4 million principal balance and negotiating a $1.3 million reduction of principal under the promissory note payable to Sorin USA in connection with the acquisition of the Angel assets. In tandem we raised $2.1 million in interest-only traditional debt maturing in April 2015. In the second half of 2011, we raised $2.4 million from the issuance of convertible debt, which had $1.8 million remaining as of year-end 2011. During 2011, we also raised a total of $4.0 million through the issuance of common stock and warrant exercises.
“In addition, in October 2011, we received a $2.0 million non-refundable payment in connection with the option agreement with a top 20 global pharmaceutical company for an exclusive due diligence period for the rights to negotiate a license agreement for AutoloGel, and in February 2012 we received a further $2.5 million non-refundable payment for the right to extend the exclusive option period until June 30, 2012,” added Mr. Maslan.
Commenting on the Company’s strategic acquisition of Aldagen, Mr. Maslan said, “The Aldagen acquisition provided Cytomedix with a strategic, value-enhancing asset at an attractive valuation. The all-stock transaction, with 60% of the total consideration tied to the successful attainment of future clinical milestones, significantly mitigates our financial risk. In addition, certain Aldagen shareholders provided $5 million of new capital and certain Cytomedix shareholders agreed to exercise $3.0 million of warrants, which provides us with the capital to advance the new clinical program toward important clinical milestones.”
For additional information, please refer to the Company’s Annual Report on Form 10-K for the year ended December 31, 2011, filed with the Securities and Exchange Commission on March 29, 2012.
Conference Call
Cytomedix management will hold a conference call to discuss these results and answer questions beginning at 10:00 a.m. Eastern time on Friday, March 30, 2012. Shareholders and other interested parties may participate in the call by dialing 888-679-8034 (domestic) or 617-213-4847 (international) and entering passcode 23291244. The call will also be broadcast live on the Internet at www.streetevents.com, www.fulldisclosure.com and www.cytomedix.com.
A replay of the conference call will be available beginning two hours after its completion through April 6, 2012 by dialing 888-286-8010 (domestic) or 617-801-6888 (international) and entering passcode 78509324. The call will also be archived for 90 days at www.streetevents.com, www.fulldisclosure.com and www.cytomedix.com.
About Cytomedix, Inc.
Cytomedix, Inc. develops, sells and licenses regenerative biological therapies primarily for wound care, inflammation and angiogenesis. The Company markets the AutoloGel™ System, a device for the production of autologous platelet rich plasma ("PRP") gel for use on a variety of exuding wounds; the Angel® Whole Blood Separation System, a blood processing device and disposable products used for the separation of whole blood into red cells, platelet poor plasma ("PPP") and PRP in surgical settings; and the activAT® Autologous Thrombin Processing Kit, which produces autologous thrombin serum from PPP. The activAT® kit is sold exclusively in Europe and Canada, where it provides a completely autologous, safe alternative to bovine-derived products. On February 8, 2012 Cytomedix closed the acquisition of Aldagen, a biopharmaceutical company developing regenerative cell therapies based on its proprietary ALDH bright cell ("ALDHbr") technology, currently in a Phase 2 trial for the treatment of ischemic stroke. For additional information please visit www.cytomedix.com
Non-GAAP financial measures
The non-GAAP financial measures discussed in the text of this press release and accompanying non-GAAP supplemental information are financial measures used by our management to evaluate our operating performance and to calculate our cash profitability. These non-GAAP measures are not in accordance with, or an alternative for, U.S. generally accepted accounting principles (“GAAP”) and may be different from non-GAAP measures used by other companies. In addition, these non-GAAP measures are not based on any comprehensive set of accounting rules or principles and management exercises judgment in determining which items should be excluded in the calculation of non-GAAP measures. While we believe that non-GAAP measures have limitations in that they do not reflect all of the amounts associated with our results of operations as determined in accordance with GAAP, we believe that non-GAAP measures are valuable in analyzing our cash profitability. Management analyzes current and future results on a GAAP basis as well as a non-GAAP basis and also provides GAAP and non-GAAP measures in our earnings release. The presentation of non-GAAP financial information is not meant to be considered in isolation or as a substitute for the directly comparable financial measures prepared in accordance with GAAP. The non-GAAP financial measures are meant to supplement, and be viewed in conjunction with, GAAP financial measures. We believe that the presentation of non-GAAP measures, when shown in conjunction with the corresponding GAAP measures, provides useful information to investors and management regarding financial and business trends relating to our financial condition and results of operations. Investors are advised to carefully review and consider this information as well as the GAAP financial results that are disclosed in our SEC filings.
Safe Harbor Statement
Statements contained in this press release not relating to historical facts are forward-looking statements that are intended to fall within the safe harbor rule for such statements under the Private Securities Litigation Reform Act of 1995. The information contained in the forward-looking statements is inherently uncertain, and Cytomedix’ actual results may differ materially due to a number of factors, many of which are beyond Cytomedix’ ability to predict or control, including among many others, risks and uncertainties related to the Company’s ability to successfully integrate the Aldagen acquisition, to successfully manage contemplated clinical trials, to manage and address the capital needs, human resource, management, compliance and other challenges of a larger, more complex and integrated business enterprise, viability and effectiveness of the Company’s sales approach and overall marketing strategies, commercial success or acceptance by the medical community, competitive responses, the Company's ability to raise additional capital and to continue as a going concern, and Cytomedix's ability to execute on its strategy to market the AutoloGel™ System as contemplated. To the extent that any statements made here are not historical, these statements are essentially forward-looking. The Company uses words and phrases such as “believes", "forecasted," "projects," "is expected," "remain confident," "will" and/or similar expressions to identify forward-looking statements in this press release. Undue reliance should not be placed on forward-looking information. These forward-looking statements are subject to known and unknown risks and uncertainties that could cause actual events to differ from the forward-looking statements. More information about some of these risks and uncertainties may be found in the reports filed with the Securities and Exchange Commission by Cytomedix, Inc. Cytomedix operates in a highly competitive and rapidly changing business and regulatory environment, thus new or unforeseen risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. Except as is expressly required by the federal securities laws, Cytomedix undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events or for any other reason. Additional risks that could affect our future operating results are more fully described in our U.S. Securities and Exchange Commission filings, including our Annual Report for the year ended December 31, 2011 and other subsequent filings. These filings are available at www.sec.gov.
Contacts:
Cytomedix, Inc. Investor Inquiries
Martin Rosendale, Chief Executive Officer Anne Marie Fields
Andrew Maslan, Chief Financial Officer LHA
David Jorden, Executive Chairman afields@lhai.com
(240) 499-2680 (212) 838-3777
Bruce Voss
LHA
bvoss@lhai.com
(310) 691-7100
@LHA_IR_PR
Media Inquiries
Michelle Linn
Linnden Communications
linnmich@comcast.net
(508) 362-3087
-Tables to Follow-
GAITHERSBURG, MD (March 20, 2012) – Cytomedix, Inc. (OTC/BB: CMXI), a leading developer of biologically active regenerative therapies for wound care, inflammation and angiogenesis, today announced that the Company will release financial results for the three and twelve months ended December 31, 2011, following the close of the market on Thursday, March 29, 2012.
Martin Rosendale, Chief Executive Officer, and Andrew Maslan, Chief Financial Officer, will host a conference call beginning at 10:00 a.m. Eastern Time on Friday, March 30, 2012, to discuss the fourth quarter and year end 2011 financial results and to answer questions. Shareholders and other interested parties may participate in the call by dialing 888-679-8034 (domestic) or 617-213-4847 (international) and entering passcode 23291244. The call will also be broadcast live on the Internet at www.streetevents.com, www.fulldisclosure.com and www.cytomedix.com.
A replay of the conference call will be available beginning two hours after its completion through April 6, 2012 by dialing 888-286-8010 (domestic) or 617-801-6888 (international) and entering passcode 78509324. The call will also be archived for 90 days at www.streetevents.com, www.fulldisclosure.com and www.cytomedix.com.
About Cytomedix, Inc.
Cytomedix, Inc. develops, sells and licenses regenerative biological therapies primarily for wound care, inflammation and angiogenesis. The Company markets the AutoloGel™ System, a device for the production of autologous platelet rich plasma ("PRP") gel for use on a variety of exuding wounds; the Angel® Whole Blood Separation System, a blood processing device and disposable products used for the separation of whole blood into red cells, platelet poor plasma ("PPP") and PRP in surgical settings; and the activAT® Autologous Thrombin Processing Kit, which produces autologous thrombin serum from PPP. The activAT® kit is sold exclusively in Europe and Canada, where it provides a completely autologous, safe alternative to bovine-derived products. On February 8, 2012 Cytomedix closed the acquisition of Aldagen, a biopharmaceutical company developing regenerative cell therapies based on its proprietary ALDH bright cell ("ALDHbr") technology, currently in a Phase 2 trial for the treatment of ischemic stroke. For additional information please visit www.cytomedix.com
Safe Harbor Statement
Statements contained in this communication not relating to historical facts are forward-looking statements that are intended to fall within the safe harbor rule for such statements under the Private Securities Litigation Reform Act of 1995. The information contained in the forward-looking statements is inherently uncertain, and Cytomedix’ actual results may differ materially due to a number of factors, many of which are beyond Cytomedix’ ability to predict or control, including many among others, risks and uncertainties related to the Company’s ability to successfully integrate this acquisition, to successfully manage contemplated clinical trials, to manage and address the capital needs, human resource, management, compliance and other challenges of a larger, more complex and intergrated business enterprise, viability and effectiveness of the Company’s sales approach and overall marketing strategies, commercial success or acceptance by the medical community, competitive responses, the Company's ability to raise additional capital and to continue as a going concern, and Cytomedix's ability to execute on its strategy to market the AutoloGel™ System as contemplated. To the extent that any statements made here are not historical, these statements are essentially forward-looking. The Company uses words and phrases such as “believes", "forecasted," "projects," "is expected," "remain confident," "will" and/or similar expressions to identify forward-looking statements in this press release. Undue reliance should not be placed on forward-looking information. These forward-looking statements are subject to known and unknown risks and uncertainties that could cause actual events to differ from the forward-looking statements. More information about some of these risks and uncertainties may be found in the reports filed with the Securities and Exchange Commission by Cytomedix, Inc. Cytomedix operates in a highly competitive and rapidly changing business and regulatory environment, thus new or unforeseen risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. Except as is expressly required by the federal securities laws, Cytomedix undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events or for any other reason. Additional risks that could affect our future operating results are more fully described in our U.S. Securities and Exchange Commission filings, including our Annual Report for the year ended December 31, 2010, filed with the SEC and other subsequent filings. These filings are available at http://www.sec.gov.
Contacts:
Cytomedix, Inc. Investor Inquiries
Martin Rosendale, Chief Executive Officer Anne Marie Fields
Andrew Maslan, Chief Financial Officer LHA
David Jorden, Executive Chairman (afields@lhai.com
(240) 499-2680 (212) 838-3777
Bruce Voss
LHA
(bvoss@lhai.com)
(310) 691-7100
@LHA_IR_PR
Media Inquiries
Michelle Linn
Linnden Communications
(linnmich@comcast.net)
(508) 362-3087
GAITHERSBURG, Md. (March 15, 2012) – Cytomedix, Inc. (OTC/BB: CMXI) (the “Company”), a leading developer of biologically active regenerative therapies for wound care, inflammation and angiogenesis, today announced that positive data from a Phase 1 clinical trial of ALD-201 to treat ischemic heart failure were published in the March 2012 online edition of the American Heart Journal. In the study, ALD-201 was considered safe and demonstrated initial evidence of improved blood flow and improved clinical status. ALD-201 is a population of biologically instructive adult stem cells (aldehyde dehydrogenase bright cells, or ALDHbr) that are selected from the patient’s own bone marrow using the ALDH enzyme as a marker.
The article is entitled, “Randomized, double-blind pilot study of transendocardial injection of autologous aldehyde dehydrogenase–bright stem cells in patients with ischemic heart failure.” The abstract may be accessed online at: http://www.ahjonline.com/article/S0002-8703(11)00878-7/abstract.
The randomized, double-blind, placebo-controlled Phase 1 study included 20 heart failure patients with no treatment options. The primary end point was safety and secondary end points included several well-accepted clinical measurements. The patients received either an injection of ALD-201 directly into the heart muscle, or an injection of an equivalent volume of placebo using the same catheter delivery system. Investigators assessed patients for endpoints for the first six months after the injection and then followed them for an additional six months.
In the study ALD-201, including injection into the myocardium, was considered to be safe and well tolerated. After six months, the subjects who received ALD-201 demonstrated an improvement in MaxVO2, a measure of the body’s ability to take up oxygen during exercise, while the placebo group did not. These findings support the ability of ALDHbr cells to promote angiogenesis and restore blood flow to the ischemic heart muscle.
Commenting on the results of the Phase 1 study, Principal Investigator, Emerson C. Perin, M.D., Ph.D., Director of the Stem Cell Center at the Texas Heart Institute at St. Luke's Episcopal Hospital, and the Adult Cardiology Texas Heart Institute at St. Luke's Episcopal Hospital in Houston, noted, “The preliminary evidence suggests improved perfusion and a trend toward improved functional capacity in no-option heart failure patients treated with ALDHbr cells. Importantly, we presented a unique approach for selecting a diverse population of active cells for cell therapy by using a physiologic rather than a single phenotypic marker, which may result in the isolation of a more efficacious population comprising the multiple cell types required for ischemic repair.”
“We are very encouraged by these positive data as they corroborate both the preclinical research and other clinical studies that suggest ALDHbr cells specifically migrate to sites of ischemic damage and induce the formation of new blood vessels at those sites,” noted Martin P. Rosendale, Chief Executive Officer of Cytomedix. “We look forward to continuing to advance our development efforts with this very promising regenerative technology platform in a number of important clinical indications, including ischemic stroke for which we are currently in Phase 2 clinical trials.”
About Ischemic Heart Failure
Ischemic heart failure is caused by a reduction of blood flow to the muscles of the heart, which is most commonly caused by an obstruction of the arteries feeding blood to the heart tissue. As a result, the insufficient provision of oxygen and nutrients reduces the heart’s ability to pump blood efficiently to the rest of the body. Current treatment options for ischemic heart failure include surgical procedures, bi-ventricular pacers, drug therapies, implantable cardiac defibrillators, and ventricular assist devices. For some patients, these treatments are not effective or appropriate. Once ischemic heart failure patients have exhausted all potential revascularization options, their only other option is a heart transplant, if they are eligible.
About Cytomedix, Inc.
Cytomedix, Inc. develops, sells and licenses regenerative biological therapies primarily for wound care, inflammation and angiogenesis. The Company markets the AutoloGel™ System, a device for the production of autologous platelet rich plasma ("PRP") gel for use on a variety of exuding wounds; the Angel® Whole Blood Separation System, a blood processing device and disposable products used for the separation of whole blood into red cells, platelet poor plasma ("PPP") and PRP in surgical settings; and the activAT® Autologous Thrombin Processing Kit, which produces autologous thrombin serum from PPP. The activAT® kit is sold exclusively in Europe and Canada, where it provides a completely autologous, safe alternative to bovine-derived products. On February 8, 2012 Cytomedix closed the acquisition of Aldagen, a biopharmaceutical company developing regenerative cell therapies based on its proprietary ALDH bright cell ("ALDHbr") technology, currently in a Phase 2 trial for the treatment of ischemic stroke. For additional information please visit www.cytomedix.com
Safe Harbor Statement
Statements contained in this communication not relating to historical facts are forward-looking statements that are intended to fall within the safe harbor rule for such statements under the Private Securities Litigation Reform Act of 1995. The information contained in the forward-looking statements is inherently uncertain, and Cytomedix’ actual results may differ materially due to a number of factors, many of which are beyond Cytomedix’ ability to predict or control, including many among others, risks and uncertainties related to the Company’s ability to successfully integrate this acquisition, to successfully manage contemplated clinical trials, to manage and address the capital needs, human resource, management, compliance and other challenges of a larger, more complex and intergrated business enterprise, viability and effectiveness of the Company’s sales approach and overall marketing strategies, commercial success or acceptance by the medical community, competitive responses, the Company's ability to raise additional capital and to continue as a going concern, and Cytomedix's ability to execute on its strategy to market the AutoloGel™ System as contemplated. To the extent that any statements made here are not historical, these statements are essentially forward-looking. The Company uses words and phrases such as “believes", "forecasted," "projects," "is expected," "remain confident," "will" and/or similar expressions to identify forward-looking statements in this press release. Undue reliance should not be placed on forward-looking information. These forward-looking statements are subject to known and unknown risks and uncertainties that could cause actual events to differ from the forward-looking statements. More information about some of these risks and uncertainties may be found in the reports filed with the Securities and Exchange Commission by Cytomedix, Inc. Cytomedix operates in a highly competitive and rapidly changing business and regulatory environment, thus new or unforeseen risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. Except as is expressly required by the federal securities laws, Cytomedix undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events or for any other reason. Additional risks that could affect our future operating results are more fully described in our U.S. Securities and Exchange Commission filings, including our Annual Report for the year ended December 31, 2010, filed with the SEC and other subsequent filings. These filings are available at http://www.sec.gov.
Contacts:
Cytomedix, Inc. Investor Inquiries
Martin Rosendale, Chief Executive Officer Anne Marie Fields
Andrew Maslan, Chief Financial Officer LHA
David Jorden, Executive Chairman (afields@lhai.com
(240) 499-2680 (212) 838-3777
Bruce Voss
LHA
(bvoss@lhai.com)
(310) 691-7100
@LHA_IR_PR
Media Inquiries
Michelle Lin
Linnden Communications
(linnmich@comcast.net)
(508) 362-3087