NEW YORK, NY -- (MARKET WIRE) -- February 07, 2007 -- NeoStem, Inc. (OTCBB: NEOI), the only company specializing in the collection, processing and long-term storage of Adult Stem Cells (ASCs) for autologous use, announced today that it has completed a $2.5 million private placement of common stock and warrants. Proceeds from the offering will be used to accelerate the Company's growth plan, including expansion of Adult Stem Cell Collection Centers and the NeoStem Physicians Network.
