SOURCE: Cell Bio-Systems

August 23, 2005 15:53 ET

Cell Bio-Systems Announces Key Addition

SAN DIEGO, CA -- (MARKET WIRE) -- August 23, 2005 -- Cell Bio-Systems, Inc. (OTC: CBSI) is pleased to announce the addition of Bill Hales, (William T. Hales, IV), our new V.P. of Investor Relations. Bill brings over 17 years of experience in the Investment Banking business raising capital within the United States and Central America. Bill has been a consultant for several high officials in the Costa Rican government, and comes from an oil & gas background of Hales & Cassidy Oil Interests in Oklahoma City, OK, which once was one of the leading oil producers & gas consultants in the industry. Prior to coming to CBSI, Bill was the Sr. Executive VP of Capital Markets of Tonogold Resources, Inc. Within one year he assisted the company in acquiring 1 exploratory, 2 mid-tier and 2 world class properties which has positioned Tonogold well for success.

"Bill brings new enthusiasm and a history of success to CBSI," stated Marc Pilkington, CEO. "He believes in the product and the company and is a cornerstone in building the new management team."

This press release contains certain forward-looking information about Cell Bio-Systems, Inc. ("Cell Bio-Systems") which is intended to be covered by the safe harbor for "forward-looking statements" provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. Words such as "expect(s)," "feel(s)," "believe(s)," "will," "may," "anticipate(s)," and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, financial projections and estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to future operations, products and services; and statements regarding future performance. Such statements are subject to certain risks and uncertainties, many of which are difficult to predict and generally beyond the control of Cell Bio-Systems, Inc., that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include: our lack of operating revenue and earnings history, our need for additional capital to pursue our business strategy.We are a non-reporting company and as such do not make periodic filings with the Securities and Exchange Commission, we trade on the Pink Sheets and there can be no assurances that a liquid market will develop in our securities. Readers are cautioned not to place undue reliance on these forward-looking statements. Cell Bio-Systems does not undertake any obligation to republish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Contact Information

  • Contact:
    Bill Hales
    858-244-4800