The Nation’s First Medical Spa to Harvest Adult Stem Cells
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Solana MedSpas, the nation’s foremost developer and syndicator of medical spas, has signed an agreement with LifeStem, Inc. to offer their unique Stem Cell MicroBank Service through the Solana MedSpas network. The announcement was made by John Buckingham, CEO and co-founder of Irvine, Calif.- based Solana MedSpas. LifeStem, Inc. is a wholly owned subsidiary of CalbaTech, Inc. (OTC Bulletin Board: CLBE), a publicly traded emerging life sciences company concentrating on providing products and platforms to the research market for biotech and pharmaceutical companies and to academic institutions. “We are delighted to finalize our partnership with LifeStem,” Buckingham says, noting that Solana MedSpas will be the first medspa network to offer an adult stem cell collection service. “As Solana MedSpas continues to orchestrate the marriage of healthcare product innovation with our ever expanding medspa distribution channel, we are moving beyond aesthetic treatments to become a provider of medical services in a broader sense.” Solana MedSpas expects to have as many as 70 locations open by the end of 2006 and intends to offer the Stem Cell Microbank Service at key locations. “We are extremely pleased that we have formalized an agreement with Solana MedSpas,” says LifeStem president Dan Fulkerson, “and are confident that many individuals within the Solana MedSpas client base will take advantage of our Stem Cell MicroBank™ service.” “By beginning with six locations and adding new outlets as Solana MedSpas debuts them, our conservative estimates project revenues in excess of $3 million over the first 12 months of operations with the potential to exceed $25 million in the next couple of years,” Fulkerson notes. Recent research indicates that autologous (one’s own) adult stem cells provide advantages similar to embryonic stem cells without ethical controversy or the risk of rejection. Current scientific data supports the fact that adult stem cells hold the potential for treatment, cure and possible prevention of numerous afflictions such as heart disease, Parkinson’s Disease, diabetes, Alzheimer’s disease, and spinal cord injuries. Other possible benefits include regeneration of cardiac tissue after heart attack, regeneration of joint surfaces to reverse the ravages of osteoarthritis and joint disease, augmentation of the body’s ability to heal after elective surgeries to improve healing and speed recovery, and boosting of the immune system’s ability to fight infection and even cancer. About Solana MedSpas Founded in July 2003, Solana MedSpas is the nation’s innovative leader in the development and syndication of medical spas. Solana MedSpas has created a new market segment by orchestrating the marriage of healthcare innovation with its ever expanding medspa distribution channel, making its proprietary content simultaneously available to its growing distribution network of uniquely branded medical spa facilities all over North America. Moving beyond aesthetic medical treatments, Solana MedSpas is the nation’s first medspa network to offer a broader range of medical treatments in a retail spa environment. Solana Medspas provides the industry's only model for a legally compliant, competitive, and forward-thinking business in all 50 states. About LifeStem LifeStem, Inc. a wholly owned subsidiary of CalbaTech, is positioning itself to become a leading supplier of “Cellular Logistics.” The Company’s focus is to provide services and technologies to facilitate the efficient acquisition and delivery of adult stem cells, development of stem cell delivery devices for clinical applications, and clinical applications of specific stem cell based therapies. LifeStem, in addition to being the first company to offer micro collection of stem cells,is also the first company to offer a collection service that collects and stores two different types of stem cells. The Company has filed patent applications for an endoscopic stem cell delivery device and its novel Stem Cell MicroBank service. About CalbaTech CalbaTech, Inc. (OTC Bulletin Board: CLBE ) is an emerging life sciences company, concentrating on providing products and platforms to the research market for biotech and pharmaceutical companies and to academic institutions. |
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