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Advanced Cell Technology's William Caldwell Interviewed By Bloomberg Television.


CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  Comments on the Effect the New Congress Will Have On Stem Cell stem cell

In living organisms, an undifferentiated cell that can produce other cells that eventually make up specialized tissues and organs. There are two major types of stem cells, embryonic and adult.
 Funding in its First '100 Hours'

ALAMEDA, Calif. -- Advanced Cell Technology, Inc.'s (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
: ACTC ACTC Apple Certified Technical Coordinator
ACTC Almaden Cycle Touring Club
ACTC Associated Colleges of the Twin Cities
ACTC All Ceylon Tamil Congress (Sri Lanka)
ACTC Association Canadienne de Télévision par Câble
) William M. Caldwell, IV, Chief Executive Officer, was interviewed by Bloomberg Television Bloomberg Television are cable television networks around the world that broadcast business and financial news 24 hours a day. The network was widely known for their data screen format, in which news tickers and business data boxes used more of the television screen than the  yesterday to comment on the effect the new Congress will have on stem cell funding in its first "100 Hours." As part of an 8-point plan during this time period, Congress has promised to push legislation through that would increase government funding for stem cell research.

Mr. Caldwell spoke of his optimism: "Right now there are bills in front of Congress to expand the lines for stem cell research, but I'm hopeful that this Congress will be cognizant of the fact that this research needs funding. The most important segment of this funding needs to be the translation from the basic science into the development of therapies and products. This void needs to be addressed not only by the government but also by private industry, foundations and consumer groups."

Advanced Cell's commitment to driving therapies to the clinic was recently highlighted in the scientific journal Nature, in a study describing the use of retinal pigment epithelial (RPE RPE Retinal Pigment Epithelium
RPE Rating of Perceived Exertion (exercise)
RPE Respiratory Protective Equipment
RPE Regular Pulse Excitation
RPE Registered Professional Engineer
RPE Rapid Palatal Expansion
) cells derived from the Company's embryonic stem cells, in which vision function was rescued in blind rats. The Company expects to file an investigational new drug application (IND) with the FDA FDA
abbr.
Food and Drug Administration


FDA,
n.pr See Food and Drug Administration.

FDA,
n.pr the abbreviation for the Food and Drug Administration.
 this year for its RPE program. The company expects, further to file INDs for its hemangioblast cell lines for blood and cardiac disorder, and for its dermal dermal /der·mal/ (der´mal) pertaining to the dermis or to the skin.

der·mal or der·mic
adj.
Of or relating to the skin or dermis.
 cell lines for skin and wound repair, next year.

"We're encouraged with what's happened over the last couple years, not only in California but just recently nationwide with the changes in Congress," said Mr. Caldwell. "Funding stem cell research is a national issue, that should be funded by the National Institute of Health (NIH "Not invented here." See digispeak.

NIH - The United States National Institutes of Health.
) and other branches of the government because they have the standards and the policies in place."

About Advanced Cell Technology, Inc.

Advanced Cell Technology, Inc. is a biotechnology company applying embryonic stem cell technology in the emerging field of regenerative medicine. The company operates facilities in Alameda, California Alameda is a city in Alameda County, California, United States. It is located on a small island of the same name next to Oakland, California in the San Francisco Bay. An additional part of the city is Bay Farm Island, which is adjacent to the Oakland International Airport.  and Worcester, Massachusetts. For more information about the company, please visit http://www.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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  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 September 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.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jan 5, 2007
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