SOURCE: CryoPort, Inc.

CryoPort, Inc.

March 03, 2010 09:03 ET

CryoPort, Inc. Announces Trading of Warrants

LAKE FOREST, CA--(Marketwire - March 3, 2010) -  CryoPort, Inc. (OTCBB: CYRXD) announces that the warrants attached to its recently completed Public Offering commenced trading today on the OTCBB under the ticker symbol CYPTW.

Each warrant is exercisable into one share of CryoPort common stock at a price of $3.30 per share. Approximately 1,666,667 warrants were issued as part of recently completed Public Offering.

About CryoPort, Inc.
CryoPort (www.cryoport.com) has developed a leading edge, proprietary, technology driven packaging and transport and packaging system focused on providing a solution for the frozen shipping market in the growing global life science industry. The products developed by CryoPort are essential components of the infrastructure required for the testing, research and end user delivery of temperature-sensitive medicines and biomaterials in an increasingly complex logistical environment.

"SAFE HARBOR"
This press release contains forward-looking statements. 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 Information

  • Contact:
    Stuart Fine
    Carpe DM, Inc.
    908-469-1788