USF Grad Co-Inventor of Stem Cell Technology

Drewski · August 6, 2007

Link to full article:

http://www.marketwire.com/mw/release.do?id=757126

TAMPA, FL--(Marketwire - August 2, 2007) - Stem Cell Therapy International, Inc. (OTCBB: SCII), a leading research and development company in the regenerative medicine field, announced today that it has acquired the exclusive worldwide rights to a new, U.S. Patent Pending anti-rejection umbilical cord blood stem cell technology. Calvin Cao, CEO of Stem Cell Therapy International and co-inventor of the new technology, explained why this new stem cell procedure is so important: "Stem cell treatments are transplants of cells, which is different than the transplant of entire organs such as the kidney or liver. In the case of organ transplants, many patients die each year because a 'matching' donor cannot be found in time. If a technology could be developed in which every organ was a 'match,' it would be a major achievement in medical science. This new method of transplanting umbilical cord stem cells that are considered compatible for anyone could, in some cases, actually replace costly and complicated organ transplants. Stem cell transplants are far simpler procedures in which stem cells are injected to stimulate the production of new cells in the affected organ."
This new technology gives Stem Cell Therapy International a large competitive advantage over other biotech companies. Mr. Cao explained the potential indications by saying, "Now that we have the exclusive right to this technology, any other company throughout the world that wishes to take advantage of this patent-pending process will have to pay Stem Cell Therapy International a royalty for each stem cell treatment they sell."
About the Inventors of the New, Anti-Rejection Stem Cell Technology
CALVIN CAO. This is the fourth stem cell-related technology invention of Calvin Cao. Mr. Cao is a seasoned entrepreneur and a founder or co-founder of five companies. As chief executive officer of Stem Cell Therapy International (SCTI), he is the driving force behind the strategy to make SCTI the dominant global company in the field of stem cell transplants and other newly develop cell therapies. After graduating from the University of South Florida in 1991, with a BSEE degree in electrical engineering, Mr. Cao launched Cao Computer Technology, Tampa, Florida. That company provided services for large businesses and universities as well as state and local governments. Mr. Cao managed that company successfully until 1996, when it merged with International Net Corp., Tampa, Florida, which is a worldwide distributor of IT products and other high-quality electronic products; a company of which Mr. Cao was also a co-founder. In 2004, Mr. Cao co-founded Vascular Relief Center Corp., the parent company of a chain of vascular clinics called Vein Associates, headquartered in Heathrow, Florida. Vein Associates specialized in the diagnosis and non-surgical treatment of hemorrhoids, varicose and spider veins using minimally invasive procedures. Vein Associates still continues to operate and is active in acquisitions of other similar clinics and businesses. In 2005, Mr. Cao founded SCTI and decided to dedicate his energies to working full time with Stem Cell Therapy International, Inc..............