NEW YORK, NY--(Marketwired - October 30, 2013) - IntelliCell BioSciences, Inc. (OTCQB: SVFC), a regenerative medicine company utilizing adult autologous vascular cells (SVFCs) derived from the blood vessels found in adipose tissue, announced today that it has appointed Mr. Michael Herschman to serve as the Chairman of the Board of Directors.
Mr. Herschman currently serves as President and CEO of the Fairfax Group, a company he founded in 1983, that has been retained by governments, corporations, law firms and international financial institutions seeking strategic consultation. In December 2006, Mr. Herschman was appointed as the independent compliance advisor to the board of directors of Siemens AG, a company with more than 400,000 employees. He is a member of the board of directors of the U.S. Chamber of Commerce Foundation, and advises the Chamber on corporate compliance issues.He began his career in intelligence and investigations in Europe as a special agent with U.S. Military Intelligence, specializing in counter-terrorism. After leaving the military, he moved to investigations of government misconduct and financial fraud for the New York State Attorney General's Office and the Office of the Mayor of New York City.
IntelliCell's Chairman and CEO, Dr. Steven Victor, stated, "Mr. Michael Herschman is an internationally recognized expert on matters relating to transparency, accountability, governance, financial compliance. His proven track record of success and previous board experience will provide invaluable council to IntelliCell as we navigate the complex capital markets. Mr. Herschman's knowledge in building world-renowned organizations as he has with Fairfax Group will provide a strong competitive advantage as we continue to establish ourselves as a leader within the regenerative medical industry. His strong belief in the company's growth potential and business value proposition is a testament to the strength of our strategy."
Since 2008, Mr. Herschman has been named every consecutive year to the Ethisphere Institute's list of the top 100 most influential people in business ethics worldwide. Michael Herschman has given hundreds of speeches throughout the world on issues related to transparency and accountability and has provided commentary on ABC, CBS, NBC, PBS, CNN, CNBC, MSNBC and the Fox News Channel as well as countless national radio shows. For five years he was the co-host of the Public Radio Law Show. He has been quoted and published in the Wall Street Journal, the New York Times, the New York Post, the Washington Post, USA Today, the Financial Times, the National Law Journal and other print media.
About IntelliCell BioSciences
IntelliCell is a pioneering regenerative medicine company focused on the expanding regenerative medical markets using adult autologous stromal vascular fraction cells (SVFCs) derived from the blood vessels in the adult adipose tissue. IntelliCell BioSciences has developed its own patented technology and protocol to separate adult autologous vascular cells from adipose tissue without the use of enzymes. One of the revenue streams IntelliCell is pursuing is placing its labs into Hospitals and Ambulatory Surgical Centers. IntelliCell will also be seeking to develop technology-licensing agreements with technology developers, universities, and international business entities.
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