Company Reports Acquisition Agreement
Vancouver - April 26, 2005 - Five Nines Ltd. (the "Company") (PINK SHEETS: FVNN) Carman Parente, President of Five Nines, Ltd. reports that the Company has entered into an agreement with OBGYN Cell Secure Inc. of Richfield, Ohio pursuant to which the Company will acquire all of the issued and outstanding shares of the Ohio-based company.
OBGYN Cell Secure Inc. is a medical research company engaged in the area of stem cell research. In anticipation of the transaction, Mr. Bernard Cardwell, the president of OBGYN Cell Secure Inc., has accepted the Company's invitation to join its Board of Directors.
"We are very pleased to be able to report that we have entered into this acquisition agreement," said Mr. Parente. "While stem cell research has attracted much controversy it has also generated much support. From famous celebrities to research institutions, there is considerable interest in developing the research in this extremely important area of medicine. The potential for assistance of humankind is virtually limitless." he continued.
As reported by the National Institute of Health, Stem cells have the remarkable potential to develop into many different cell types in the body. Serving as a sort of repair system for the body, they can theoretically divide without limit to replenish other cells as long as the person or animal is still alive. When a stem cell divides, each new cell has the potential to either remain a stem cell or become another type of cell with a more specialized function, such as a muscle cell, a red blood cell, or a brain cell.
Stem cells show potential for many different areas of health and medical research, and the study of these can help us understand how they transform into the dazzling array of specialized cells that make us what we are. Some of the most serious medical conditions, such as cancer and birth defects, are caused by problems that occur somewhere in this process. A better understanding of normal cell development will allow us to understand and perhaps correct the errors that cause these medical conditions.
"The valuable research and development conducted by Mr. Cardwell and his associates in OBGYN Cell Secure Inc. have put this company on the forefront of this area of medical advancement. We anticipate much additional and exciting news in the very near future." remarked Mr. Parente.
Cautionary Statement: This news release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although Five Nines Ltd. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included herein, the inclusion should not be regarded as a representation by Five Nines Ltd. or any other person that the objection and plans of Five Nines Ltd. will be achieved.
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Five Nines, Ltd.
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