Adjust Font Size:

Press Releases

Advanced Cell Technology Announces Executive Promotions

LOS ANGELES-- (BUSINESS WIRE)--Advanced Cell Technology, Inc. (OTCBB: ACTC - News) announced today that it has appointed Jonathan H. Dinsmore, Ph.D. to the position of Senior Vice President - Regulatory and Clinical and Ivan Wolkind to the position of Senior Vice President - Finance, Administration & Chief Accounting Officer. Dr. Dinsmore was previously the company's Vice President and General Manager, while Mr. Wolkind was previously Vice President of Finance and Chief Accounting Officer.

"I am pleased to recognize the contributions of Jonathan and Ivan with expanded roles and responsibilities,” said William M. Caldwell, IV, its Chairman and Chief Executive Officer. "Today, Advanced Cell Technology has positioned itself to become a leading participant in the field of regenerative medicine, helped by the contributions of these talented executives.”

Dr. Jonathan H. Dinsmore was formerly responsible for all aspects of Mytogen's cell production operations, basic science program, and research and development efforts. He was also actively engaged in evaluating partnership opportunities and complimentary technologies. Prior to his position with Advanced Cell Technology and Mytogen, he directed both clinical and preclinical research programs at Diacrin and GenVec. Dr. Dinsmore has research and clinical experience in the development of therapeutic products to treat Parkinson's disease, Huntington's disease, epilepsy, stroke, spinal cord injury, chronic intractable pain, liver disease, and cardiovascular disease. Dr. Dinsmore received a B.S. in Biology from Boston College followed by a Ph.D. in Biology from Dartmouth College. Dr. Dinsmore was a Post-doctoral fellow at MIT from 1989 to 1992. His extensive accomplishments include numerous awarded and pending patents as well as diverse published studies on myoblast transplantation technology.

Mr. Wolkind joined the company in May 2005. Prior to joining Advanced Cell, he served as the Executive Vice President of Finance and Chief Financial Officer for Eyematic, a technology company providing software solutions for delivering animated content to cell phones. Between 1999 and July 2001, Mr. Wolkind was the Chief Financial Officer for eLease, a company providing software solutions and back end automation for the capital equipment leasing market. Prior to his appointment at eLease, Mr. Wolkind served as the Vice President of Finance for Ventro Corporation, where he was instrumental in the raising of capital in the company's initial public offering and subsequent debt offerings. Before his tenure at Ventro Corporation, Mr. Wolkind served as the Vice President of Finance at Onsale, Inc., a publicly traded Internet auction company. Prior to joining Onsale, he held key finance positions at two other companies after leaving KPMG, where he had worked in the financial services and banking audit group. Mr. Wolkind qualified as a Chartered Accountant in the United Kingdom.

About Advanced Cell Technology, Inc.

Advanced Cell Technology, Inc. is a biotechnology company applying cellular technology in the emerging field of regenerative medicine. The company operates facilities in California and Massachusetts.

For more information, visit "www.advancedcell.com":http://www.advancedcell.com.

Forward-Looking Statements

Statements in this news release regarding future financial and operating results, future growth in research and development programs, potential applications of our technology, opportunities for the company and any other statements about the future expectations, beliefs, goals, plans, or prospects expressed by management constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing the words "will," "believes," "plans," "anticipates," "expects," "estimates," and similar expressions) should also be considered to be forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including: limited operating history, need for future capital, risks inherent in the development and commercialization of potential products, protection of our intellectual property, and economic conditions generally. Additional information on potential factors that could affect our results and other risks and uncertainties are detailed from time to time in the company's periodic reports, including the report on Form 10-QSB for the quarter ended June 30, 2007. Forward-looking statements are based on the beliefs, opinions, and expectations of the company's management at the time they are made, and the company does not assume any obligation to update its forward-looking statements if those beliefs, opinions, expectations, or other circumstances should change.

Forward-looking statements are based on the beliefs, opinions, and expectations of the company's management at the time they are made, and the company does not assume any obligation to update its forward-looking statements if those beliefs, opinions, expectations, or other circumstances should change.

Contact

Media:
Chad Griffin Consulting, Inc.
Jordan Markwith, 310-888-3523

Investors:
CEOcast, Inc.
Andrew Hellman, 212-732-4300

Press Contact


Jordan Markwith
310-888-3523

Download PDF


11.02.07.pdf

To view PDF Files, you must have Acrobat Reader.

Download Adobe Acrobat