Phase III Medical Inc. Announces Two New Financings, Totaling $1 Million

MELVILLE, N.Y.--(BUSINESS WIRE)--Feb. 10, 2006--Phase III Medical, Inc. (Phase III) (OTCBB:PHSM), today announced that it has completed two separate financings of $500,000 each. The money was raised to help complete Phase III's acquisition of NeoStem, an adult stem cell company, announced on January 26, 2006, and to facilitate the new company's development of its adult stem cell collection, processing and storage business.