Stem Cell Therapeutics Corp.

Stem Cell Therapeutics Corp.

October 01, 2010 08:00 ET

Stem Cell Therapeutics Corp. Announces Appointment of Chief Financial Officer

CALGARY, ALBERTA--(Marketwire - Oct. 1, 2010) - Stem Cell Therapeutics Corp. (TSX VENTURE:SSS) ("SCT" or the "Company") wishes to announce the appointment of Michael Cook as Chief Financial Officer of the Company.

Mr. Cook has his Chartered Accountant and Chartered Business Valuator designations. He has over 15 years of business experience and has expertise in Corporate Finance, Private Equity, and Corporate Management. Mr. Cook brings a unique combination of skills and experience to the team at Stem Cell Therapeutics. Alan Moore, CEO of the Company remarked, "We are fortunate to have Mr. Cook in the key role of CFO and we welcome him to the management team."

About Stem Cell Therapeutics Corp.: Stem Cell Therapeutics Corp. is a public biotechnology company (TSX VENTURE:SSS) focused on the development and commercialization of drug-based therapies to treat central nervous system diseases. SCT is a leader in the development of therapies that utilize drugs to stimulate a patient's own resident stem cells. The Company's programs aim to repair brain and nerve function lost due to disease or injury. The Company's extensive patent portfolio of owned and licensed intellectual property supports the potential expansion into future clinical programs in numerous neurological diseases such as traumatic brain injury, multiple sclerosis, Huntington's disease, Alzheimer's disease, and ALS.

For further information on Stem Cell Therapeutics Corp., visit

These securities have not been registered under the United States Securities Act of 1933, as amended, or the securities laws of any state, and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons unless an applicable exemption from U.S. registration requirements is available.

Except for historical information, this press release may contain forward-looking statements, which reflect the Company's current expectation regarding future events. These forward-looking statements involve risk and uncertainties, which may cause but are not limited to, changing market conditions, the successful and timely completion of clinical studies, the establishment of corporate alliances, the impact of competitive products and pricing, new product development, uncertainties related to the regulatory approval process and other risks detailed from time to time in the Company's ongoing quarterly and annual reporting.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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