NeoStem Provides Third Quarter Update

NeoStem, Inc. NBS is providing results of its third quarter 2010. Revenues for the nine months ended September 30, 2010 were $51.7 million, compared to $157,700 for the comparable period of 2009. Revenues for the three months ended September 30, 2010 were $16.5 million compared to $85,100 for the same period in 2009. For the nine months ended September 30, 2010 revenues increased 14% over the 2009 pro forma revenue of $45 million Net cash used in operating activities for the nine months ended September 30, 2010 was $3.2 million compared to $9.5 million for the comparable period in 2009. During the first nine months of 2010, the Company invested $12.5 million in capital expenditures primarily related to our continuing expansion into China.