MediStem Laboratories, Inc.'s International Affiliate ICM Granted License To Operate Adult Stem Cell Bank And Clinic; Opening Of Pioneering Facility Represents Threshold Event In Medistem's Business Plan To Deliver Stem Cell Therapies

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Aug. 10, 2006--Medistem Laboratories, Inc. (OTCBB:MDSM)(FWB:S2U), committed to the ethical development of next-generation medical therapies from non-controversial adult stem cell sources, has announced that its affiliate, the Institute for Cellular Medicine (ICM), has received approval from the Costa Rican Health Ministry to begin operations of its adult stem cell bank and clinic.