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Letter From Portnoy Group to Cryo-Cell International (CCEL) Shareholders



8/18/2011 9:06:28 AM

BAL HARBOUR, Fla.--(BUSINESS WIRE)--Cryo-Cell’s hometown newspaper, The Tampa Bay Business Journal, ran a story on August 16, 2011 entitled “Cryo-Cell Shareholder Letter Doesn’t Tell The Whole Story.” As this article points out, the Cryo-Cell Board of Directors is not being 100% fair with the information that it releases to the Company’s shareholders. The Cryo-Cell press release dated August 16, 2011 concerning, among other items, research reports written by ISS and Glass Lewis, two of the leading proxy advisory firms, appears to me to attempt to portray these reports as endorsing the current Board. This is not the case. Both firms recommended that Cryo-Cell’s shareholders vote only for me and NOT for the management slate. In its report dated August 12, 2011, ISS states:

Read at BioSpace.com


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