Worcester, MA, June 17, 2005 - Michael West, Ph.D., President and Chief Scientific Officer of A.C.T. Holdings, Inc. (OTCBB:ACTH.OB) and its wholly-owned subsidiary, Advanced Cell Technology, Inc. (collectively, "ACT") announced today the expansion of ACT's senior scientific team with the addition of senior scientists that will add to the existing California team. California research is an increasing focus for ACT, given voters recently approved $3 billion in state funds for stem cell research.
David Larocca, Ph.D., Associate Director
Previously Associate Director of Research at Selective Genetics, Inc., Dr. Larocca brings more than 20 years experience in biotechnology and discovery research to Advanced Cell Technology. In his former position, Dr. Larocca invented novel gene therapy methods using bacterial viruses and novel technology for discovering drug targeting agents and their receptors. He holds over a dozen patents in the fields of functional genomics, gene delivery and cancer immunotherapy. He received a Ph.D. from the University of Southern California in Cell and Molecular Biology and did his postdoctoral studies at Harvard University.
James T. Murai, Ph.D., Associate Director
With more than 38 published scientific papers and formerly Senior Scientist at Immunetech, Inc., Dr. Murai has extensive background and experience in biochemistry and reproductive endocrinology and a successful track record in assay development and problem solving in a variety of research areas including immunology/allergy, reproductive endocrinology, and endocrine diseases. He served as Research Endocrinologist at the University of California, San Francisco for over 10 years. Dr. Murai received a Ph.D. in Biochemistry from the University of California at Los Angeles.
R. Geoffrey Sargent, Ph.D.
As a full-time consultant, Dr. Sargent brings to the team more than 15 years scientific experience in the Molecular, Biology, Cellular Biology, Biochemistry and Genetics of DNA repair, DNA Recombination, and Deoxyribonucleotide Metabolism in Mammalian cells and bacteria to Advanced Cell Technology. Dr. Sargent was formerly the Director of Research at DNAtriX, Inc. He received a Ph.D. in Biochemistry from Oregon State University.
"We are excited to announce our scientific expansion in California, as we look to take advantage of the positive climate for embryonic stem cell research due, in part, to the recent passage of Proposition 71. We see a long term potential to expand scientific development, and commercialize our current and future technologies," said Dr. West, who currently resides in the San Francisco Bay Area.
"With the expansion of our scientific team, based both here in California and in Massachusetts, ACT is well positioned to continue expanding its commercialization of technologies focused on the emerging field of regenerative medicine," said William Caldwell, Chief Executive Officer of ACT.
About Advanced Cell Technology
A.C.T. Holdings, Inc., a Nevada corporation, and its wholly-owned subsidiary, Advanced Cell Technology, Inc., a Delaware corporation, is a leading biotechnology company applying stem cell technology in the emerging field of regenerative medicine. The company is currently headquartered in Worcester, Massachusetts.
For more information about Advanced Cell Technology visit "www.advancedcell.com":http://www.advancedcell.com
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