Advanced Cell Technology Responds To Investor Inquiries
Clinical Activities on Schedule and Exceeding Expectations
MARLBOROUGH, Mass., Dec 19, 2011 (BUSINESS WIRE) -- Advanced Cell Technology,
Inc. ("ACT"; OTCBB: ACTC), a leader in the field of regenerative medicine,
responded to investor inquiries in connection with the significant increase in
trading and volatility of its common stock over the past few days. The Company
knows of no development associated with its clinical activities that would
explain the decline in the price of its common stock. In fact, the clinical
activities continue to exceed the Company's expectations and are on schedule.
However, pursuant to previously disclosed judgments against the Company, ACT
issued approximately 70 million shares of its stock to certain investors over the
past several weeks, and believes that sales by those investors may be impacting
the trading in the Company's stock.
About Advanced Cell Technology, Inc.
Advanced Cell Technology, Inc. is a biotechnology company applying cellular
technology in the field of regenerative medicine. For more information, visit
advancedcell.com.
Forward-Looking Statements
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-K
for the year ended December 31, 2010. 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. 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. There can be no assurance that the Company's clinical trials will
be successful.
SOURCE: Advanced Cell Technology, Inc.
Investors:
CEOcast, Inc.,
James Young, 212-732-4300
Press:
ACT Corporate Communications,
Bill Douglass, 646-450-3615
or:
Russo Partners,
Martina Schwarzkopf, Ph.D., 212-845-4292 |
