updated 2/8/2011 9:16:20 AM ET 2011-02-08T14:16:20

PALO ALTO, Calif., Feb. 8, 2011 (GLOBE NEWSWIRE) -- StemCells, Inc. (Nasdaq:STEM) announced today that President and CEO Martin McGlynn will present an update on the Company's programs and operations at the 13th Annual Biotechnology Industry Organization (BIO) CEO & Investor Conference to be held February 14-15 in New York City. Mr. McGlynn is scheduled to speak at 1:00 p.m. Eastern Time on Tuesday, February 15. 

A live webcast of the presentation will be available through the Company's corporate website at http://www.stemcellsinc.com under the Investors section, and may also be accessed directly at http://www.veracast.com/webcasts/bio/ceoinvestor2011/63210233.cfm . Interested parties are encouraged to connect to the website at least 15 minutes prior to the presentation to ensure adequate time for any software downloads that may be necessary. A replay will also be accessible through the Company's website for 30 days following the event.

The Annual BIO CEO & Investor Conference assembles a select group of established public biotech companies, as well as top public and private equity investors and members of the sell-side investment community, to explore the current investment landscape and opportunities in life sciences. In addition to plenary sessions and panel discussions on timely business topics and key therapeutic areas, the conference features presentations by leading biotechnology and pharmaceutical companies, as well as a number of nonprofit and venture philanthropy organizations. More information on the conference can be found at http://www.bio.org/bioceo .  

About StemCells, Inc.

StemCells, Inc. is engaged in the research, development, and commercialization of cell-based therapeutics and tools for use in stem cell-based research and drug discovery. In its therapeutic product development programs, StemCells is targeting disorders of the central nervous system and the liver. StemCells' lead product candidate, HuCNS-SC® cells (purified human neural stem cells), is currently in clinical development for spinal cord injury and two fatal neurodegenerative disorders in children, and in preclinical development for retinal disorders such as age-related macular degeneration. StemCells also markets stem cell research products, including media and reagents, under the SC Proven® brand, and is developing stem cell-based assay platforms for use in pharmaceutical research, drug discovery and drug development. Further information about StemCells is available at http://www.stemcellsinc.com .

The StemCells, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7014

Apart from statements of historical fact, the text of this press release constitutes forward-looking statements within the meaning of the U.S. securities laws, and is subject to the safe harbors created therein. These statements include, but are not limited to, statements regarding the clinical development of its HuCNS-SC cells; the Company's ability to commercialize drug discovery and drug development tools; and the future business operations of the Company. These forward-looking statements speak only as of the date of this news release. The Company does not undertake to update any of these forward-looking statements to reflect events or circumstances that occur after the date hereof. Such statements reflect management's current views and are based on certain assumptions that may or may not ultimately prove valid. The Company's actual results may vary materially from those contemplated in such forward-looking statements due to risks and uncertainties to which the Company is subject, including those described under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2009 and in its subsequent reports on Form 10-Q and Form 8-K.

CONTACT: Investor Inquiries
         StemCells, Inc.
         Megan Meloni
         (650) 475-3105
         
         Media
         Russo Partners
         Ian Stone (619) 528-2220
         David Schull (212) 845-4271

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