BOCA RATON, FL – Stem Cell Assurance Inc. (Pink Sheets: SCLZ), which sells stem cell colleciton and storage services for personal applications such as breast augmentation and facial rejuvenation procedures, has closed a $1 million funding agreement with a private source, the company says.

It adds that the “source” of the funding will also provide consulting services and that the company is negotiating for an additional $1.5 million as needed from the same funder.

Stem Cell Assurance’s cryopreservation facility will offer multiple storage processes and units, enabling the Company to offer a variety of options for clients, and uniquely positioning Stem Cell Assurance to offer a wide variety of choices for patients. An adult autologous stem cell culture lab will also be built in this facility.

Adult stem cells will be obtained from patients’ own fat or blood and are not derived from embryonic cells. In addition, the funding will enable Stem Cell Assurance to begin its research model using stem cells in treating diabetes.

Stem Cell Assurance will also open twelve additional liposuction collection facilities identical to the existing center in Boca Raton under the subsidiary “Lipo Rejuvenation Centers, Inc.”

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Tags: Boca Raton, FL, funding, personal stem cell collection and storage, Stem Cell Assurance