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Cytomedix Joins New Russell
Microcap Index
ROCKVILLE, MD., JULY 5, 2006
– CYTOMEDIX, INC. (AMEX: GTF)
today announced that the Company has joined the Russell Microcap™
Index for 2006, according to a final membership list that was posted
on the Russell Investment Group website, www.russell.com, on July 3.
“We are extremely pleased and honored to be included in the new
Russell Microcap Index for 2006,” stated Cytomedix Chairman and
Chief Executive Officer Kshitij Mohan, Ph.D. “This type of
recognition is an indication of the Company’s standing in the
marketplace, and it will further increase the Company’s visibility
with institutional managers and investors. As we build on the
successes of the past, exposure to a broader audience of investors
is critical for the growth of the Company.”
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for both
passive and active investment strategies. An industry-leading $3.8
trillion in assets currently are benchmarked to them. Investment
managers who oversee these funds purchase shares of member stocks
according to that company’s weighting in the particular index.
ABOUT RUSSELL
Russell, a global leader in multi-manager investment services,
provides investment products and services in 44 countries. Russell
manages more than $167 billion in assets and advises clients
worldwide representing $2.4 trillion. Founded in 1936, Russell is a
subsidiary of Northwestern Mutual and is headquartered in Tacoma,
Wash., with additional offices in New York, Toronto, London, Paris,
Singapore, Sydney, Auckland and Tokyo.
ABOUT CYTOMEDIX
Cytomedix, Inc. is a biotechnology company specializing in processes
and products derived from autologous platelet releasates for uses
with wounds and other applications. The current offering is
AutoloGel™System, a process that utilizes an autologous platelet gel
composed of multiple growth factors, other platelet releasates, and
fibrin matrix. The Company has announced favorable results from its
blinded, prospective, multi-center clinical trial on the use of its
technology with diabetic foot ulcers. Additional information
regarding Cytomedix is available at: http://www.cytomedix.com
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's actual results may differ materially due to a number
of factors, many of which are beyond Cytomedix's ability to predict
or control, including among others, the success of new sales
initiatives, governmental regulation, acceptance by the medical
community and competition. There is no guarantee that the FDA will
complete its review of the Company’s 510(k) submission for a
specific wound healing indication within any estimated timeframe, or
that the FDA will fully agree with the Company in the interpretation
of the data or the regulatory pathway and provide marketing
clearance. Further, even assuming the FDA grants the Company’s
request for marketing clearance, there is no guarantee that the
Company will receive Medicare reimbursement for its product; the
Company’s marketing efforts will be successful; or that it will be
able to achieve its other strategic goals.
There is no guarantee that the information reported by the authors
in the article detailed above is accurate or that further review of
the authors’ conclusions or testing of AutoloGel ™ will prove such
information to be accurate. There is also no guarantee that the
Company’s current capitalization will be sufficient to attain its
goals or that future funding will be available to the Company on
acceptable terms. 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. 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.
SOURCE: Cytomedix, Inc.
The Wall Street Group, Inc.
Ron Stabiner
(212) 888-4848 |
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