Bio-Matrix Scientific Group Manufactures First Complete Set of Stem Cell Disposable Devices.SAN DIEGO -- Bio-Matrix Scientific Group Inc. (Pink Sheets:BMXP BMXP Boston Metropolitan Exchange Point ) announced today that it has manufactured its first complete set of disposable instruments for 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. research and tissue transfer procedures. The Company anticipates entering full manufacturing of these instruments sometime late August 2005, conditional to passing the FDA's 510(k) process. Brian Pockett, Managing Director and COO, said "We now have a complete set of our instruments and we are ready to start the next phase which is Beta testing pre-510(k). This process is anticipated to take two weeks, after which the Company can undergo the 510(k) testing 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. that is necessary before the Company can begin distribution of its instruments." Chairman David Koos noted "Bio-Matrix is on the verge On the Verge (or The Geography of Yearning) is a play written by Eric Overmyer. It makes extensive use of esoteric language and pop culture references from the late nineteenth century to 1955. of entering the market with its first products. We believe, once we pass the 510(k) filing, that we will see our first revenues sometime in the third quarter this year. This is the beginning for us in meeting our Company's first objective of manufacturing and marketing a comprehensive line of disposable instrumentation for regenerative medical procedures involving stem cell technologies." A Company spokesperson stated that Bio-Matrix Scientific Group is aggressively pursuing coming to market with its products. The starting the 510(k) process is a major step towards producing revenue. 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 bi·o·med·i·cal adj. 1. Of or relating to biomedicine. 2. Of, relating to, or involving biological, medical, and physical sciences. 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 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 :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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