Bio-Matrix Scientific Group Issues Shareholder Update

SAN DIEGO--(BUSINESS WIRE)--Dec. 29, 2005--Bio-Matrix Scientific Group, Inc. (Pink Sheets:BMXP), a biotechnology company focused on stem cell cryogenics and disposable stem cell / tissue transfer instruments, (http://www.bmxgonline.com), reported today that it has received a number of inquiries as to the status of its instrumentation, stem cell banking facilities and laboratories. In an effort to update shareholders, the Company issues the following state-of-the-company remarks:

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