CryoPort, Inc. Announces Postponement of Public Offering of Units
February 12 2010 - 9:00AM
Marketwired
CryoPort, Inc. (OTCBB: CYRXD) (NASDAQ: CYPT) today announced that
it has decided to postpone its contemplated public offering of
units, each unit consisting of one share of common stock and one
warrant to purchase one share of common stock, due to unfavorable
market conditions.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any securities of the Company and
there shall not be any sale of any such securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of such state or jurisdiction. A registration
statement relating to these securities has been filed with the
Securities and Exchange Commission but has not yet become
effective. These securities may not be sold nor may offers to buy
be accepted prior to the time the registration statement becomes
effective.
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: Stuart Fine Carpe DM, Inc. 908-469-1788
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