SOURCE: CryoPort Inc.

CryoPort Inc.

March 12, 2010 16:09 ET

CryoPort's Ticker Symbol to Revert Back to CYRX

LAKE FOREST, CA--(Marketwire - March 12, 2010) -  CryoPort, Inc. (OTCBB: CYRXD), today announced that effective as of the opening of trading on Monday, March 15, 2010, CryoPort's ticker symbol for its common stock will revert back to "CYRX" (OTCBB: CYRX). As a result of the Company's one-for-ten reverse stock split which became effective February 5, 2010, the Company's common stock had been trading on a post-split basis under the temporary trading symbol "CYRXD" for approximately 20 trading days.

Management also announced that they will schedule a shareholders call within the next two weeks to present a general update on the Company and its activities following the recent equity financing.

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.

"SAFEHARBOR"
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