Stem Cell Assurance Secures First Phase of Private Funding
9/2/2010 10:54:35 AM
BOCA RATON, Fla.--(BUSINESS WIRE)--Stem Cell Assurance, Inc. (Pink Sheets:SCLZ), a leader in stem cell collection and storage services for personal applications ranging from breast augmentation and facial rejuvenation procedures to Stem Cellutrition™ (www.stemcellutrition.com) skincare products, today announced a $1M agreement with a private funding source. This source will provide consulting services as it relates to securing loans, letters of credit, and/or debt based facilities for the acquisition of equipment necessary for the cryopreservation of adipose tissue, umbilical cord blood stem cells and peripheral blood stem cells. In addition to the funding referenced above, the Company is in negotiations with this source for an additional $1.5M as needed.
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