this text is a standard forward-looking statement disclaimer commonly found in financial reports, press releases, and other corporate communications.Here’s a breakdown of what it means:
Purpose: Too inform readers that certain statements made in the document are not guarantees of future performance. They are based on current expectations and assumptions, which are subject to change.
Key Phrases: Words like “expectations,” “beliefs,” “plans,” “objectives,” “assumptions,” “future events,” and “future performance” are highlighted as indicators of forward-looking statements.
Risks and Uncertainties: The disclaimer explicitly states that various risks and uncertainties could cause actual results to differ materially from what is expressed in these forward-looking statements.
Examples of Risks: The text provides a detailed list of potential risks specific to the company, including:
Global expansion and product diversification (e.g., ExtraVault services)
Ownership stake in future therapies
Intellectual property (IP) portfolio success
Competitive position in stem cell innovation
Success of core business and competition from public cord blood banking
Expansion into biopharmaceutical manufacturing and operating clinics
Potential spinoff of Celle Corp.
profitability of new ventures
R&D initiatives and collaborations
umbilical cord blood and cord tissue license agreements and associated IP
Reference to a Form 10-Q filing for a more thorough list of risks.
Cautionary Advice: Readers are cautioned not to place “undue reliance” on these statements.
No Obligation to Update: The company explicitly states it has no obligation to update these forward-looking statements to reflect future events or developments.
Date of Statement: the statements are made “only as of the date hereof.”
* Contact Information: The contact details for Irene Smith are provided, likely for media inquiries.
In essence, this disclaimer is a legal protection for the company, acknowledging that the future is uncertain and that their current projections might not come to pass due to various internal and external factors.
