Osteotech Announces Third Quarter Earnings Release And Conference Call Schedule

EATONTOWN, N.J., Oct. 21 /PRNewswire-FirstCall/ -- Osteotech, Inc. announced today that the Company’s third quarter ended September 30, 2004 results will be released October 26, 2004 prior to the market opening.

A conference call will be conducted by Richard W. Bauer, Chief Executive Officer, as well as other Osteotech management, on October 26, 2004, at 9:00 a.m. Eastern time. You are invited to listen to the conference call by dialing (706) 634-5453.

Automated playback will be available from 2:00 p.m. Eastern time, October 26, 2004 through 11:59 p.m., November 2, 2004 by dialing (706) 645- 9291 and indicating access code 1494502.

A live, listen-only web-cast of our conference call will also be available at our investor site at http://www.osteotech.com/ on the Financial Highlights page. A replay of the conference call and the question/answer session will be available at the company’s web site for approximately 7 days following the call. It will be necessary to have RealPlayer installed on your computer.

Osteotech, Inc., headquartered in Eatontown, New Jersey, is a leading provider of human bone and bone connective tissue for transplantation and an innovator in the development and marketing of biomaterial and implant products for musculoskeletal surgery. For further information regarding Osteotech, this press release or the conference call, please go to Osteotech’s website homepage at http://www.osteotech.com/ and to Osteotech’s Financial Information Request Form website page at http://www.osteotech.com/finrequest.htm.

Osteotech, Inc.

CONTACT: Michael J. Jeffries, Osteotech, +1-732-542-2800