Cryo-Cell formalizes industry-exclusive agreement with MedTech For Solutions GPO

Oct 26 2010

Cryo-Cell International, Inc. (OTCBB:CCEL) (the "Company"), one of the world's largest and most established family cord blood banks and global stem cell innovators, today announced at the annual meeting of the American Society of Reproductive Medicine (ASRM) that the Company has formalized an industry-exclusive agreement with MedTech For Solutions, Inc., a Group Purchasing Organization (GPO) representing a member network of 115 practices specializing in reproductive medicine, which operates in conjunction with The Broadlane Group. The Company will offer Cryology RTS^®, a new reproductive tissue storage service for cryopreserved embryos, oocyctes and sperm, along with other Cryo-Cell services, to the GPO practice members and their patients at discounted fees.

"We are very proud to partner with Cryo-Cell International to offer high quality and competitively priced reproductive tissue storage, along with other Cryo-Cell services, to our GPO's expansive and fast-growing member network," stated Dwight P. Ryan, MedTech For Solutions President and CEO. "Our partnership with Cryo-Cell is expected to provide GPO practice members and their patients with the opportunity for substantial, savings and compelling value-added benefits from a globally-recognized industry leader."

The MedTech For Solutions GPO enables practices to recognize significant savings on all medical, pharmacy, laboratory, capital equipment and office purchasing needs. MedTech for Solutions' Laboratory Solutions consulting division is devoted to optimizing ART laboratories operations and improving clinical outcomes. Additionally, MedTech provides practice development, recruitment and risk management services.

Cryo-Cell is expected to be the industry-exclusive service provider to MedTech's  GPO member network for reproductive tissue storage and other biological tissue cryopreservation services such as the Company's signature U-Cord^® umbilical cord blood stem cell preservation service; Celle^SM menstrual stem cell service; and Protect Baby, Protect Mom^SM, the premium healthcare bundle.

"We are very pleased to partner with MedTech For Solutions, Inc. to provide the Company's new reproductive tissue storage service, Cryology RTS, along with other Cryo-Cell services to this premier GPO practice network and their patients," stated Mercedes A. Walton, Cryo-Cell's Chairman and Chief Executive Officer. "We anticipate that our industry-exclusive agreement with MedTech For Solutions, a GPO representing nearly one-quarter of the U.S. reproductive medicine practices, may potentially provide a high-value and single-source solution for a vast sector of reproductive medicine clients with current and future biological tissue cryogenic storage needs."

It is estimated that ten percent of couples in the U.S. have difficulty conceiving and fertility services are estimated to be a $4 billion industry. There is no cost for medical practices to join the MedTech for Solutions GPO. Cryology RTS is expected to be generally available in early 2011.

SOURCE Cryo-Cell International, Inc.