SOURCE: Cryobanks International, Inc.

May 31, 2007 13:08 ET

Cryobanks International Prepares to Launch Cord Blood Bank in Thailand; Over 4,000 Units Estimated During Initial 12-Month Operation

ALTAMONTE SPRINGS, FL--(Marketwire - May 31, 2007) - Cryobanks International (CI, the company) is preparing to launch a new umbilical cord blood bank in Bangkok, Thailand through its licensee, Cryobanks International, FCZ.

Equipment for the Bangkok facility will be arriving soon and doors are expected to open within the next 60 days.

"With the growing use of umbilical cord blood as a source of stem cells to treat a number of diseases, and with regenerative medicine becoming a possibility, we're beginning to see an increased interest in cord blood banking all over the world," said Dwight C. Brunoehler, President and C.E.O. of Cryobanks International. "We're pleased to offer our expertise and resources in helping to make cord blood banking available worldwide."

The new laboratory, processing, and storage center will be the third CI licensee to open in overseas markets. Currently, two other facilities operate in Athens, Greece and Delhi, India with eight more banks scheduled to open in other international locations.

CI provides advanced training for the licensees' lab personnel that will be handling cord blood units and operating the equipment to process and store cord blood. Training will be conducted at CI's unique training facility in Altamonte Springs, Florida, U.S.A. where personnel will spend six weeks learning from an extensive curriculum. This training is critical to obtaining international accreditations.

Typically, charges to privately store cord blood for individuals ranges from $1,600 USD to $2,500 USD initially with some facilities charging an annual renewal ranging from $100 USD to $150 USD. It is estimated that hundreds of thousands of parents have elected to pursue this option. Cryobanks International FZC is projecting the storage of 4,000 cord blood units in this facility during its first 12 months of operation.

About Cryobanks:

Cryobanks International is a corporation located in Altamonte Springs, Florida. The Company is a leader in the collection, processing, and banking of stem cells derived from the umbilical cord immediately after birth. The units of cord blood are processed and stored by the company for use in unrelated transplants (where the donor is a histocompatible match, but is anonymous and unrelated to the recipient) and for personal storage and use. In recent years, cord blood transplants (CBTs) have become widely recognized as a safe, effective, and in many ways preferable, alternative to bone marrow transplant . There is tremendous potential need for CBTs in the United States and worldwide. Cryobanks International is well poised to help meet that need, equipped with an inventory of well over 9,700 donated cord blood units listed on international registries including the National Marrow Donor Program. For more information about Cryobanks International call 1-800-869-8608 or visit the website at www.cryo-intl.com.

Safe Harbor Statement

This press release contains "forward-looking statements" by the Company. These statements relate to future events or financial performance and transactions, and involve known and unknown risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements, to be materially different from those contemplated by the forward-looking statements. We undertake no ongoing obligation, other than that imposed by law, to update these statements.

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