Life Stem Genetics Announces the Closing of Its Previously Announced $1 Million Private Placement
November 19 2013 - 8:30AM
Business Wire
Life Stem Genetics, Inc. (OTCBB:LIFS) (the “Company”) is pleased
to announce yesterday’s closing of its previously announced private
placement. The financing is for $1.0 million (the “Private
Placement”) of 1,000,000 units (each, a “Unit”) at a price of $1
per Unit.
As previously detailed, each Unit of the private placement
consists of one common share of the Company and one warrant to
purchase an additional common share of the Company (each, a
“Warrant Share”) at $1 per Warrant Share for a period of one year.
If and when all of the warrants are exercised, the Company will
realize up to an additional $1.0 million in proceeds.
Gloria Simov, President and CEO of Life Stem Genetics,
commented, "We are pleased to have closed the financing which
reflects investor confidence in the strength of our Adult Stem Cell
(ASC) clinic-based business model. The net proceeds from the
private placement will be used primarily to attract additional
affiliate clinics both in the United States and internationally and
also for investment in various joint ventures under development
ultimately moving our company’s growth initiatives forward.”
About Life Stem Genetics
Life Stem Genetics ("LSG") is a progressive healthcare company
focused on Adult Stem Cell (ASC) healing therapies. For decades,
stem cells have been utilized in the successful treatment of a
variety of ailments. Today, advanced ASC therapies are being
offered to patients as an efficient and painless alternative
treatment for a wide range of ailments including, but not limited
to, orthopedic injuries, neurological disorders such as Parkinson's
and Alzheimer's, cancer, arthritis, diabetes, multiple sclerosis,
as well as age management. Adult Stem Cell therapies and LSG's
proprietary techniques are experiencing some of the best results in
the industry in helping to repair or reprogram damaged or diseased
tissues and organs. Life Stem's ASC specialist has performed
thousands of stem cell treatments including some of the top names
in PGA golf, NFL football, NBA basketball, and Major League
Baseball. LSG will offer its proprietary treatments through a
series of affiliate doctors and medical clinics with 60 affiliated
clinics thus far. LSG's mission is to develop a comprehensive
approach to the treatment and maintenance of diseases while
breaking free from the medical insurance maze by tapping into an
affordable private-pay sector.
Contrarian Press, an established publisher, has been engaged by
Life Stem Genetics to assist with identification of potential
market participants who may be interested in learning more about
the company and its securities. Updated disclaimer and disclosure
information is available at the publisher's website and at the
following link:
http://www.contrarianwealthcoalition.com/guide/LIFS.pdf
For a copy of LIFS logo is available at:
http://www.lifestemgenetics.com/wp-content/themes/LifeStemGenetics/images/life-stem-genetics-logo.png
This press release contains "forward-looking statements" within
the meaning of the "safe-harbor" provisions of the Private
Securities Litigation Reform Act of 1995 that are not historical
facts. These statements can be identified by the use of
forward-looking terminology such as "believe," "expect," "may",
"could", "estimates", "will," "should," "project," "plan," "seek,"
"intend," or "anticipate" or the negative thereof or comparable
terminology, and include discussions of strategy, and statements
about industry trends and the Company's future performance,
operations, and products. Such statements involve known and unknown
risks, uncertainties and other factors that could cause the
Company's actual results to differ materially from the results
expressed or implied by such statements. Such risks and
uncertainties include, without limitation, market acceptance of the
Company's stem cell therapy treatment program; the Company's
compliance with applicable statutes and regulations: the Company's
reliance on third-party contractors to provide suitable treatment
facilities; the Company's ability to expand its network of
participating clinics and doctors; the Company's ability to develop
an effective marketing strategy; the Company's ability to control
and reduce advertising and marketing costs; the Company's ability
to develop and increase awareness of its brand; the Company's
ability to protect its trademarks; and the success of the Company's
marketing focus to patients, doctors and clinics. For a discussion
of these and other risks and uncertainties see "Risk Factors" and
"Description of Business" in the Company's public filings with the
SEC. Although the Company believes that the expectations reflected
in such forward-looking statements are reasonable, there can be no
assurance that such expectations will prove to be correct. The
Company has no obligation to update the forward-looking information
contained in this press release.
Life Stem GeneticsShareholder Relations,
877-300-6206info@lifestemgenetics.comhttp://www.lifestemgenetics.com/orContrarian
Press, LLCScott Fraser,
Publisher877-300-6205customerservice@contrarianpress.comhttp://contrarianwealthcoalition.com/
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