UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
FEBRUARY 28, 2008 (FEBRUARY 27, 2008)
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED)
STEM CELL THERAPY INTERNATIONAL, INC
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
NEVADA
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(STATE OR OTHER JURISDICTION OF INCORPORATION)
000-51931 88-0374180
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(COMMISSION FILE NUMBER) (IRS EMPLOYER IDENTIFICATION NO.)
203 N. LOIS AVENUE, 9TH FLOOR, TAMPA, FL 33607
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)(ZIP CODE)
(813) 600-4088
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REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE:
N/A
(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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ITEM 8.01. OTHER EVENTS
On February 27, 2008, Stem Cell Therapy International, Inc., a Nevada
corporation ("SCII"), entered into a Memorandum of Understanding (MOU) with
Histostem, Co., Ltd., a Korean company ("Histostem") to acquire one hundred
percent of the issued and outstanding stock of Histostem from Histostem's
shareholders, in exchange for stock in SCII. The agreement is subject to
further discussions with respect to operational details and the signing of the
definitive agreement.
Histostem, Co., Ltd. started in Seoul, Korea in 2000. To date it has treated
more than 500 patients with stem cells and currently has 56 full time employees
and 28 part-time employees. Histostem's intellectual property portfolio consists
of five patents that have been granted and 6 patents pending. To management's
knowledge, Histostem is one of the very few stem cell companies in the world
currently earning several million dollars in income from its products and
technology. Histostem maintains a website at
http://www.histostem.cokr/english/english_1.htm.
Upon completion of the definitive agreement, management intends to take the
research data that the Korean FDA already approved and submit it to the U.S.
FDA, with the objective of getting the U.S. FDA approval in advance of other
companies now researching umbilical stem cell treatments for a variety of
different diseases.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits.
10.35 Memorandum of Understanding between Stem Cell Therapy International,
Inc. and Histostem Co., Ltd.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
STEM CELL THERAPY INTERNATIONAL, INC.
(Registrant)
Dated: February 28, 2008 By: /s/Calvin Cao
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Calvin Cao
Chief Executive Officer
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