Cell Therapeutics, Inc. To Report First Quarter Financial Results On May 4

SEATTLE, May 2 /PRNewswire-FirstCall/ -- On Thursday, May 4, 2006, at 8:30 a.m. Eastern/5:30 a.m. Pacific time, members of Cell Therapeutics, Inc.'s (CTI) management team will host a quarterly conference call to discuss the Company’s 2006 first quarter achievements and financial results.

First Quarter Financial Conference Call Thursday, May 4 8:30 a.m. Eastern/5:30 a.m. Pacific 1-888-385-9734 (US Participants) 1-773-756-4818 (International) Passcode: CTIC Live audio webcast at www.cticseattle.com Will be archived for post listening approximately 2 hours after call ends Call-back numbers for post listening: 1-866-411-8818 1-203-369-0656 Passcode: CTIC

Cell Therapeutics, Inc.

CONTACT: investors, Leah Grant, +1-206-282-7100, or fax, +1-206-272-4434,or invest@ctiseattle.com, or media, Susan Callahan, +1-206-272-4472, orfax, +1-206-272-4434, or media@ctiseattle.com, both of Cell Therapeutics,Inc.

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