Stem Cell Services Renamed
Press Release

FOR IMMEDIATE RELEASE

              STEM CELL SERVICES RE-NAMED TO BETTER

REFLECT ITS MISSION OF PROTECTING FAMILIES BY PRESERVING THEIR CORD BLOOD

RECOGNIZED LEADER IN CORD BLOOD BANKING

RENAMED FAMILY CORD BLOOD SERVICES

Los Angeles (April 15, 2005) – California Cryobank Stem Cell Services, Inc., an umbilical cord blood processing and storage company, and division of one of the largest and oldest reproductive tissue banks in the world, California Cryobank, Inc., announced today that effective April 22, 2005, it will be renamed Family Cord Blood Services.

According to Kaj Rydman, President of Family Cord Blood Services, "The decision to change our name was prompted by our many clients who told us that their experience with us made them feel like they were banking their most precious possession with 'a member of the family.' We place great value in that relationship and the trust that we have earned. As such, we felt that our name should better reflect our core mission and commitment to our families."

While cord blood stem cells can be used without a perfect biological match, when used by the baby, it is always a 100 percent match, and there is a strong likelihood it will be a match for the child's siblings. With the growing awareness that cord blood stem cell transplantation is a proven treatment in more than 50 malignant and non-malignant diseases including certain cancers, lymphoma, leukemia, diabetes and spinal injuries, cord blood banking is rapidly becoming the norm. Family Cord Blood Services is poised to lead the charge.

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About FamilyCord

FamilyCord(www.familycord.com), formerly California Cryobank Stem Cell Services, an umbilical cord blood processing and storage company, was founded as a division of California Cryobank, Inc. (CCB) seven years ago by the same veteran team of physician visionaries that earned CCB its global reputation of excellence. Today, Family Cord Blood Services' sophisticated process of cord blood processing, freezing and storage, serves families throughout the US and worldwide. FamilyCord's staff includes on site licensed clinical laboratory scientists with extensive blood banking experience. The company is licensed by PharmaStem and holds a biologics license by the State of California, a tissue bank license from the State of New York and is accredited by the AABB (formerly known as the American Association of Blood Banks). Its facility is registered with the Food and Drug Administration.