Hackensack University Medical Center Launches DomaniCell Cord Blood Banking Program

HACKENSACK, New Jersey - (August 7, 2006) – DomaniCell, LLC (DomaniCell), a leading service provider in the field of stem cell collection and storage, announced today the launch of a program to establish hospital-based family cord blood collection and storage services in hospitals throughout the United States. The program involves hospitals partnering with DomaniCell to develop their own cord blood stem cell banking program that is built on DomaniCell infrastructure and technology.

“We are very excited about the business advantages DomaniCell is offering to its hospital partners though our turnkey solution”, states DomaniCell President Dennis Fallen. “The response we have received to-date from discussions with hospitals across the country has been overwhelmingly positive.”

Hackensack University Medical Center (HUMC) has contracted to become DomaniCell’s first program partner.

“The DomaniCell program provides hospitals like HUMC with a new service to offer patients that is cutting-edge and hospital-branded,” states DomaniCell President, Dennis Fallen. “The program immediately enhances the cord blood banking occurring in an institution and provides an additional revenue stream that can be used to improve patient care. For hospitals like HUMC, that are committed to providing the highest quality and most advanced health-related services, the DomaniCell program offers a single-source solution for stem cell banking that matches or exceeds their standards.”

About DomaniCell LLC
DomaniCell LLC is a wholly owned subsidiary of Progenitor Cell Therapy LLC. Launched in 2006, DomaniCell is a national pioneer in the field of stem cell collection and storage, providing innovative family cord blood banking services through hospital partner programs across the country. DomaniCell's family cord blood service brings to hospital clients a unique turn-key solution that results in a hospital private-branded cord blood program establishing an obstetrical service that generates a new source of revenue. For more information on DomaniCell and the advantages of its turnkey hospital-based cord blood banking solution, visit www.domanicell.com.

About Hackensack University Medical Center
HUMC is a nationally recognized healthcare organization offering patients the most comprehensive services, state-of-the-art technologies, and facilities.

Contacts:
Dennis Fallen, President, DomaniCell LLC (201) 883-5308. dfallen@domanicell.com

Anne Marie Campbell, Chief Public Affairs Officer/Director, Public Relations, Hackensack University Medical Center. 201-996-3763. ACampbell@humed.com