Appointment of Stephen Nagler to the Sernova Corp. Business Advisory Board

LONDON, ONTARIO--(Marketwire - May 26, 2010) - Sernova Corp. (TSX VENTURE: SVA), a company focused on product development and commercialization of innovative medical technologies for cell therapies, is pleased to announce the appointment of Mr. Stephen Nagler, LLB to the Corporation’s Business Advisory Board.

Mr. Nagler is Partner (Business and Finance International), Eaton Van Winkle LLC, New York. Mr. Nagler is a venture partner in Frontier Ventures, an emerging venture capital fund focused on Canadian life science companies and Chair of Tristate Ventures LLC, a leading New York City based angel investor group focused on investments in microcap companies, mostly in the healthcare sector, which he founded in 1999. Mr. Nagler is on the Advisory Board of BioContact and Chair of the International Finance program. Mr. Nagler is a graduate of the City College of New York and NYU Law School.

Dr. Philip Toleikis, President and CEO said “I am pleased to welcome Stephen to the Sernova team. He has been instrumental in assisting his numerous corporate clients to access capital through his extensive network of investment bankers, venture capitalists, and private equity groups. He has assisted his clients to raise more than $250 million in financings over the past four years and his wealth of international finance experience will be of significant benefit to the company as we progress toward our goal of becoming an internationally recognized clinical-stage product development organization.”

About Sernova

Sernova Corp. is a Canadian-based, health-sciences company focused on commercializing medical technologies. Sernova is currently developing a platform technology for a number of serious disease indications, starting with a novel treatment for insulin-dependent diabetes, using the novel Cell Pouch System™ and its patented Sertolin™ cell technology. According to the American Diabetes Association approximately 9 million Americans require insulin injections and it is the sixth leading cause of death in the United States. One out of every 8 dollars spent on health care in the United States is spent on treating diabetes and its complications. Worldwide expenditures on insulin alone are estimated to be $15 billion annually and growing.

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