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Bio-Matrix Scientific Group Inc.
Bio-Matrix Scientific Group Identifies Near Term Revenue Sources
May 21st, 2008
Bio-Matrix Scientific Group Inc. (OTCBB:BMSN) identified today potential sources of revenue which may be generated upon granting of its anticipated tissue bank license by the State of California. The Company believes that near term revenue from the banking of adult stem cells derived from adipose tissue (fat), umbilical cord blood, and peripheral blood can be generated upon the granting of a tissue bank license. Bio-Matrix anticipates the banking of stem cells derived from adipose tissue (fat) has the potential to generate revenues of approximately $2,000 to $2,500 per specimen in first year fees followed by approximately $200 to $250 in annual...
Source: Fitness & Wellness Business Week (2008-05-21)
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