Phyhealth Announces Stem Cell Technology Investment

MIAMI--(BUSINESS WIRE)--Physicians Healthcare Management Group, Inc. (Phyhealth) (Pink Sheets: PHYH), a developer of health maintenance organizations (HMOs) in partnership with physicians, today announced that it has purchased 1.3 million common shares and 25,000 preferred shares of Bio-Matrix Scientific Group, Inc. (Bio-Matrix) (OTCBB: BMSN) in a private transaction. Bio-Matrix Scientific Group, Inc., based in San Diego, provides stem cell related services and cryogenic storage, along with the development of instruments and procedures aimed at improving quality of life issues.