Bio-Matrix Scientific Group Gets New Symbol, Files Form 10SB With SEC for Wholly Owned Subsidiary.SAN DIEGO -- Bio-Matrix Scientific Group Inc. (Pink Sheets:BMXP BMXP Boston Metropolitan Exchange Point ) announced today that its trading symbol has changed to BMXP. The old symbol, BMXG, is no longer in use as a result of the 1-for-10 reverse split, which was effective May 31, 2005. Bio-Matrix Scientific Group Inc. is a development stage company that is focused on: (a) stem cell cryogenics and instrumentation; (b) non-invasive monitoring medical devices (e.g.: non-invasive monitoring of glucose, alcohol and other chemicals in the blood stream); and (c) next-generation tissue management instruments and medical devices. Bio-Matrix Chairman & 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. David Koos announced this morning that the Company has filed a Form 10SB for Frezer, Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. being spun off to Bio-Matrix Scientific Group's (BMXP) shareholders of record as of May 31, 2005. It is expected that Frezer Inc. shares will be delivered to BMXP shareholders on or about June 15, 2005. Frezer Inc. anticipates directing its attention to the development of stem cell therapies and other aspects of regenerative medicine. The Form 10SB filing for Frezer Inc. can be found on the following link: http://www.sec.gov/Archives/edgar/data/1328888/000132888805000004/ 0001328888-05-000004-index.htm (Due to its length, this URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.) Brian Pockett, BMXP's Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , said, "The spin-off of Frezer will allow management of each of these independent companies to focus solely on the business lines of that company. We anticipate that, upon clearance by both of the SEC and NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on , Frezer will trade on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. ." Geoffrey O'Neill, Ph.D., President of Frezer, Inc., said, "I am very excited about our progress. The anticipated reporting status of Frezer should grant us greater access to capital which Frezer, Inc. would require in order to compete effectively and generate maximum value for shareholders and future customers." More information will be available shortly on the Company's website: www.BMXGonline.com. About Bio-Matrix Scientific Group Inc.: Bio-Matrix Scientific Group Inc. is a development stage company in the business of medical devices and monitoring systems research, development and commercialization. Bio-Matrix Scientific Group Inc. is aligning itself with partners that offer key technologies in biomedical device development, tissue engineering, cell culturing, genome therapy and drug delivery systems. Other companies in the same industry as Bio-Matrix Scientific Group Inc. (Pink Sheets: BMXP) are StemCells Inc. (NASDAQ:STEM), Thermogenesis thermogenesis /ther·mo·gen·e·sis/ (-jen´e-sis) the production of heat, especially within the animal body.thermogenet´icthermogen´ic ther·mo·gen·e·sis n. Corporation (NASDAQ:KOOL KOOL Kentucky Offender Online Lookup KOOL K-Based Object Oriented Language ) and Regeneration Technologies Inc. (NASDAQ:RTIX). DISCLAIMER: This news release contains forward-looking statements. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted, or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks. |
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