PRESS RELEASE
Published on January 13, 2010
EXHIBIT
99.1
CryoPort
Announces the Addition of John H. Bonde to Its Board of Directors
LAKE
FOREST, CA --(January 12, 2010) - CryoPort, Inc. (OTCBB:
CYRX) today announced that John H. Bonde, 64, was elected as a director
to the Board on January 7, 2010 and serves as a member of the audit committee.
Mr. Bonde is the Chief Executive Officer of eQsys, Inc., a position he has held
since November 2008. From January 2005 through January 2006, Mr. Bonde served as
the Division President of CGS Systems. Mr. Bonde has over 35 years experience
working in various management positions at a number of successful high tech
companies and has been a director of numerous private companies. Mr. Bonde
earned his Bachelor of Science in Economics from City University of New York,
Queens College in 1969 and a Masters of Science in Business Policy from Columbia
University in 1982.
Larry
Stambaugh, Chairman & CEO of CryoPort, stated, "We are extremely pleased to
be adding a seasoned director with such extensive experience as Mr. Bonde. He
will be a valuable asset to our organization as we commercialize the CryoPort
Express™ Shipping Solution."
About
CryoPort, Inc.
CryoPort
(www.cryoport.com) has developed a leading edge, proprietary, technology-driven
packaging and transport system focused on providing a solution for the frozen
shipping market in the growing global life science industry. The products
developed by CryoPort are essential components of the infrastructure required
for the testing, research and end user delivery of temperature-sensitive
medicines and biomaterials in an increasingly complex logistical
environment.
"SAFE
HARBOR"
This
press release contains forward-looking statements. The words "estimate,"
"possible" and "seeking" and similar expressions identify forward-looking
statements, which speak only as to the date the statement was made. The company
undertakes no obligation to publicly update or revise any forward-looking
statements, whether because of new information, future events, or otherwise.
Forward-looking statements are inherently subject to risks and uncertainties,
some of which cannot be predicted, or quantified. Future events and actual
results could differ materially from those set forth in, contemplated by, or
underlying the forward-looking statements. The risks and uncertainties to which
forward-looking statements are subject include, but are not limited to, the
effect of government regulation, competition and other material
risks.
Contact:
Stuart
Fine
Carpe DM,
Inc.
908-469-1788