VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 04/27/12 -- RepliCel Life Sciences Inc. (the "Company" or "RepliCel") (OTCBB: REPCF) today announces that it is clarifying certain disclosures which were overly promotional, misleading and inaccurate. The disclosures were published in reports available online or delivered via email newsletter, including TheHotPennyStocks.com, hotstocked.com, StockGuru and in other disclosures published by Lake Group Media Inc., and in an equity research report published by NBT Equities Research/NBT Communications which contained certain price targets and a strong buy recommendation. Lake Group Media Inc. and NBT Equities Research/NBT Communications were hired by the Company to build awareness. The Company wishes to make a general retraction in respect of certain disclosures, although the Company notes such certain disclosures were not authorized by the Company. Specifically, the Company wishes to make clear that, given the Company's current stage of development, price targets and estimates pertaining to expected increases in the Company's share price, as published in the aforementioned reports are premature and cannot be relied upon. Price targets and dramatic increases in share prices indicated in such publications may never be met and there are many risks and uncertainties pertaining to the Company's business and shares that may cause investors to lose their entire investment in the Company, including that the Company's technology may not work as expected and, even if it does work as expected, the Company may be unable to successfully commercialize the technology or protect its intellectual property from competitors. Other risks and uncertainties pertaining to the Company's business are set out in the Company's annual report, which is filed on Sedar (www.sedar.com) and Edgar (www.sec.gov).
Contacts:
RepliCel Life Services Inc.
Tammey George
Director of Communications
604-248-8696
tg@replicel.com
www.replicel.com
