Lifebank Corp. Becomes First Canadian Umbilical Cord Blood Stem Cell Bank to Exclusively Use a Sterile Field Cord Blood Collecti

Lifebank Corp. ("Lifebank") (TSX VENTURE:LBK), one of Canada's most experienced
and dedicated leaders in umbilical cord blood stem cell banking, announced today
that it has begun exclusively providing a sterile field cord blood collection
unit in every Lifebank collection kit. The new collection unit, produced by Pall
Life Sciences (NYSE:PLL), is appropriate for use in any cord blood collection
setting including caesarean section, vaginal birth, or ex utero cord blood
collection. There is no need for additional extension sets or assembly at time
of collection, providing health care professionals the ability to easily collect
umbilical cord blood from newborns, even within the sterile surgical field of a
caesarean section. The collection of umbilical cord blood is a critical step in
the process of stem cell banking. The unique shape and components of this new
collection unit allow for the safe and maximum recovery of cell-rich cord blood
units.


"Since 1996 Lifebank has provided a service dedicated to quality," said Ernest
Stacey, President & CEO of Lifebank. "The provision of this new cord blood
collection unit, which received full endorsement from our Medical and Scientific
Advisory Board, once again demonstrates to our clients and the medical community
our continued commitment to quality and another Lifebank first for the Canadian
medical community."


Roberto Perez, President of Pall Life Sciences added, "Lifebank's mission is to
offer its clients the most current, clinically proven procedures available for
the cryogenic storage of umbilical cord blood. We are honored that Pall cord
blood collection technologies have been selected to play a critical part in this
pursuit. We applaud Lifebank's tireless efforts to educate future parents that
stem cells are a biological asset of incalculable value and willingness to
invest in optimal technologies to preserve them."


Lifebank is a biomedical service company that provides processing and cryogenic
(ultra low temperature) storage of umbilical cord blood stem cells. It is an
AABB accredited, Health Canada inspected and FDA registered facility. Lifebank
has successfully stored stem cell units for clients in Canada, the United
States, Asia, Europe, the Middle East and the Caribbean. Lifebank is dedicated
to providing its clients with the finest cord blood stem cell processing,
analysis and cryogenic storage services available in the world. Lifebank strives
to work closely with health care professionals and institutions in order to
provide life saving cord blood services to any and all persons in need.