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CryoPort Updates Shareholders on Listing Status
BREA, CA---Jun 12, 2006 -- CryoPort, Inc. (Other OTC: CYRX.PK) announced
today that the company continues to pursue its application to list on the
NASD OTC Bulletin Board. Initially, CryoPort made application to be listed
on the NASDAQ Capital Markets Exchange. However, the Company does not
currently meet the minimum price requirements to list with NASDAQ and has
withdrawn its application at this time.
Peter Berry, CryoPort's CEO commented, "Although we are now a fully
reporting company and in fact qualified for listing on the NASDAQ Capital
Markets Exchange when our application was initially submitted, we have
fallen below the minimum price requirement prior to the approval of our
listing. As such, we have filed for listing on the NASD Over-The-Counter
Bulletin Board for a period of time until our stock again qualifies for
listing on NASDAQ. It is our intention to move to a senior exchange when
appropriate and I am hopeful that our long-term investors will understand
the cause and effect of this decision and will continue to remain supportive
of CryoPort during what I believe will be an exciting couple of years as we
strive to fulfill our potential."
Links to the Company's filings, corporate information and prior news
releases can be located on the CryoPort website at
www.cryoport.com.
About CryoPort, Inc.
CryoPort, Inc. develops leading edge, proprietary, technology driven
shipping and storage products for use in the rapidly growing global
biotechnology and pharmaceutical sectors. The products developed by CryoPort
are essential components of the infrastructure required for the testing and
research components that make up the foundation of the pharmaceutical and
biotechnology industries. The company's product line includes single-use
drug delivery systems for use in the delivery of pharmaceuticals requiring
cryogenic shipping temperatures.
"SAFE HARBOR"
This press release contains forward-looking statements within the definition
of Section 27A of the Securities Act of 1933, as amended and such section
21E of the Securities Act of 1934, amended. These forward-looking statements
should not be used to make an investment decision. The words "estimate,"
"possible" and "seeking" and similar expressions identify forward-looking
statements, which speak only as to the date the statement was made. The
company undertakes no obligation to publicly update or revise any
forward-looking statements, whether because of new information, future
events, or otherwise. Forward-looking statements are inherently subject to
risks and uncertainties, some of which cannot be predicted, or quantified.
Future events and actual results could differ materially from those set
forth in, contemplated by, or underlying the forward-looking statements. The
risks and uncertainties to which forward-looking statements are subject
include, but are not limited to, the effect of government regulation,
competition and other material risks.
Contact:
Investor Relations:
First Capital Investors, Inc.
Trey Meehan
321-221-2910
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