NEW YORK, Aug. 9 /PRNewswire/ -- The American Stock Exchange(R) (Amex(R)) today lists the common stock and units of NeoStem, Inc. Each unit consists of one share of common stock of and 1/2 Class A Warrant. The common stock and units will be listed upon closing of the offering, with the warrants listed at a later date upon separation of the unit.
NeoStem, Inc. engages in the collection, processing and long term storage of adult stem cells for autologous use in the United States. Its stem cell processes involve mobilization and collection of the stem cells from the peripheral blood of adults, cell collection, cell processing, cryopreservation and storage.
"We are pleased to welcome NeoStem, Inc to the Amex and we look forward to helping them increase their visibility in the medical technology space," said John McGonegal, Senior Vice President of the Amex's Equities Group. "The Amex places the highest priority on helping to support listed companies in all stages of development."
"We are thrilled to be accepted onto the Amex. We believe that being on a national exchange will increase our visibility and liquidity for our shareholders," said Dr. Robin Smith, Chief Executive Officer of Neostem. "The additional exposure in the medical technology marketplace will be a milestone in enhancing the Company's development and growth.
"The specialist in NeoStem, Inc. will be AGS Specialist Partners. For further information on NBS.U and other Amex-listed companies, please visit www.amex.com.
About American Stock Exchange
The American Stock Exchange(R) (Amex(R)) offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRS(SM). In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex lists 336 ETFs to date. The Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks. For more information, please visit www.amex.com
American Stock ExchangeCONTACT: Catherine Chantharaj of American Stock Exchange, +1-212-306-1689,catherine.chantharaj@amex.com
Web site: http://www.amex.com/
