NeoStem, Inc. Announces Five-Year Agreement With HemaCare Corp. For Adult Stem Cell Collection Services

NEW YORK, NY -- (MARKET WIRE) -- December 20, 2006 -- NeoStem, Inc. (OTCBB: NEOI), a company specializing in the collection, processing and long-term storage of Adult Stem Cells (ASCs) for autologous use, today announced a five-year agreement with HemaCare Corporation to provide NeoStem with collection services for the procurement of adult stem cells from peripheral blood for the purpose of long-term storage.