Company Moves Towards Relisting on Over-the-Counter Bulletin Board
WORCESTER, Mass." (BUSINESS WIRE)�"Advanced Cell Technology, Inc. (OTCBB:ACTC.PK-News announced today that it has filed its Form 10-Q for its 2008 second and third quarters for the three months ended June 30, 2008 and September 30, 2008. The Company anticipates filing its Form 10-K for the year-ended December 31, 2008 and Form10-Q for the first quarter ended March 31, 2009 prior to the end of this quarter. Upon completing those filings, the Company intends to file for relisting on the Over-the-Counter Bulletin Board as its financial statements will be current.
We recognize the importance of transparency and the need to become current in our financial reporting and are working diligently with our auditors to achieve this, said William Caldwell, CEO of Advanced Cell. Filing the 10-Qs for two quarters last year is the first step in the process that will hopefully lead to a listing on the Bulletin Board. We believe such a listing should increase interest among the investment community in the significant progress we have made in developing our scientific platform, and our IND filing later this year when we will seek approval to commence human clinical trials for our retinal pigment epithelium (RPE) technology.
About Advanced Cell Technology, Inc.
Advanced Cell Technology, Inc. is a biotechnology company applying cellular technology in the field of regenerative medicine. For more information, visit http://www.advancedcell.com.
Statements in this news release regarding future ability to draw on the credit Facility, 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: the Companys ability to meet all of the conditions to allow it to access the entire amount available under the credit Facility discussed in this press release, 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 companys periodic reports, including the report on Form 10-QSB for the quarter ended September 30, 2007. Forward-looking statements are based on the beliefs, opinions, and expectations of the companys 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 companys 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.