Pluristem Life Systems Inc. Completes The Conversion to Common Stock Of 98% Of The $3,000,000 In Convertible Debentures Issued On April 3, 2006

HAIFA, Israel--(BUSINESS WIRE)--Pluristem Life Systems, Inc. (OTCBB:PLRS) announces they have completed the conversion of 98% of the $3,000,000 in convertible debentures that were issued on April 3, 2006 to common stock of the company. The outstanding common shares are now about 254 million shares.

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