FREEHOLD, N.J., June 12, 2018 (GLOBE NEWSWIRE) -- Avalon GloboCare Corp. (OTCQB:AVCO), a leading global
developer of cell-based technologies, announced today that the Company has formed a joint venture with Jiangsu Unicorn Biological
Technology Co. Ltd, which brings extensive medical resources in Jiangsu Province, China.
This partnership was established to lead to the development of a premium network of provincial centers of
excellence for translational research, collaborating in the areas of technological, clinical and regulatory resources in the areas
of cellular therapy and bio-banking from top-ranked hospitals, including Nanjing Drum Tower Hospital, Nanjing Hospital of Chinese
Medicine, Nanjing BenQ Hospital and the Second Affiliated Hospital of Nanjing Medical University. One of the major
initiatives of this partnership is to establish the world’s largest aqueous humor derived exosome bio-bank to advance the
next-generation of diagnosis and therapeutics for ophthalmologic diseases. This joint venture also aims to enhance the
translational research and development of standardization, validation, processing, bio-production, international collaboration and
high-impact clinical studies with respect to cellular therapy (including stem cell and CAR-T) in Jiangsu Province, China.
"This partnership with Jiangsu Unicorn provides an exceptional opportunity for Avalon to effectively leverage
our technical and clinical expertise to expand our programs in exosome technology, cellular therapeutics and bio-banking,” stated
David Jin, M.D., Ph.D., CEO and President of Avalon GloboCare Corp. "Through this provincial network of translational
programs, we are able to further strengthen our leadership role and capabilities in order to accelerate our growth and development
in regenerative medicine and cellular therapies," added Dr. Jin.
About Avalon GloboCare Corp.
Avalon GloboCare Corp. (OTCQB:AVCO) is a global intelligent biotech developer and healthcare service provider dedicated to
promoting and empowering high impact, transformative cell-based /technologies and their clinical applications, as well as
healthcare facility management through its core platforms, namely "Avalon Cell" and "Avalon Rehab." In addition, Avalon provides
strategic advisory and outsourcing services to facilitate and enhance their clients' growth, development, as well as
competitiveness in both domestic and global healthcare markets. Avalon also engages in the management of stem cell banks and
specialty clinical laboratories. Through its U.S. subsidiary, GenExosome Technologies Inc., Avalon further establishes its leading
role in the fields of liquid biopsy, precision medicine and regenerative medicine.
Forward-Looking Statements
Certain statements contained in this press release may constitute "forward-looking
statements." Forward-looking statements provide current expectations of future events based on certain assumptions and include
any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those
indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the
Securities and Exchange Commission located at their website (http://www.sec.gov). In addition to these factors, actual future performance,
outcomes, and results may differ materially because of more general factors including (without limitation) general industry and
market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements
included in this press release represent the Company's views as of the date of this press release and these views could change.
However, while the Company may elect to update these forward-looking statements at some point in the future, the Company
specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the
Company's views as of any date subsequent to the date of the press release.
Contact Information:
Avalon GloboCare Corp.
4400 Route 9, Suite 3100
Freehold, NJ 07728
PR@Avalon-GloboCare.com
Investor Relations:
Crescendo Communications, LLC
Tel: (212) 671-1020
avco@crescendo-ir.com