LAKE FOREST, CA--(Marketwire - August 11, 2009) - CryoPort, Inc. (OTCBB: CYRX) today
announced that it has received $711,600 from the exercise of warrants by
current shareholders. The warrants were due to expire in July and early
August.
"We are very pleased that the warrant holders continue to support our
efforts as we move the company toward full commercialization," stated Larry
G Stambaugh, CryoPort Chairman & CEO. "We have gotten indications from
other current warrant holders that they too will exercise as additional
warrants expire in August and September. This added level of financing
will assist as we move toward a more significant capital raise and focus
our energies on commercializing CryoPort's frozen shipping product. We
thank and acknowledge our shareholders for their continued support of our
efforts."
About CryoPort, Inc.
CryoPort (www.cryoport.com) is commercializing proprietary,
technology-driven shipping products for use in the rapidly growing global
biotechnology and biopharmaceutical cold chain. The products developed by
CryoPort are essential components of the infrastructure required for the
clinical testing, research and end user deliver of temperature-sensitive
medicines and biomaterials in an increasingly complex logistical
environment.
SAFE HARBOR
This press release contains forward-looking statements. The words
"estimate," "possible" and "seeking" and similar expressions identify
forward-looking statements, which speak only as to the date the statement
was made. The company undertakes no obligation to publicly update or revise
any forward-looking statements, whether because of new information, future
events, or otherwise. Forward-looking statements are inherently subject to
risks and uncertainties, some of which cannot be predicted, or quantified.
Future events and actual results could differ materially from those set
forth in, contemplated by, or underlying the forward-looking statements.
The risks and uncertainties to which forward-looking statements are subject
include, but are not limited to, the effect of government regulation,
competition and other material risks.
