Medistem Laboratories, Inc. (MDSM) Outlines Progress Made in 2006
Medistem Laboratories, Inc. (MDSM) reported recently that 2006 was a very good year, in many respects. Its Chief Financial Officer, Steve Rivers noted that, "During 2006, we have built the necessary infrastructure to poise ourselves for future growth. We raised sufficient capital to finance the construction of our first licensee clinic and we ended the year with cash and cash equivalents of $986,000." He continued, "With revenue generating activities firmly underway, we reduced our cash used in operating activities to less than $100,000 in the fourth quarter of 2006. We are excited and motivated by not only our future business…