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NOKOMIS, Fla.--([ BUSINESS WIRE ])--Rainbow BioSciences, the biotechnology subsidiary of Rainbow Coral Corp. (OTCBB: RBCC), continues its negotiations toward a definitive agreement with emerging biotech innovator Amarantus BioSciences (OTCBB: AMBS).

"Their therapeutic potential is enormously exciting, and we have high hopes for both their disease-fighting abilities as well as their immediate commercial appeal."

RBCC is in talks to provide funding and expertise toward the development and marketing of one or more of Amarantusa exciting medical breakthroughs. The company is developing thrilling new ways to effectively diagnose and treat devastating neurological disorders including Parkinsonas disease and Traumatic Brain Injury (TBI).

Amarantus owns the rights to a promising therapeutic protein known as MANF that prevents a type of cell death called apoptosis as well as the license to a groundbreaking diagnostic platform called NuroPro that allows neurologists to accurately diagnose and track the progression of Parkinsonas disease in patients.

aThe breakthroughs that Amarantus is currently working on donat exist in the marketplace today,a said RBCC CEO Patrick Brown. aTheir therapeutic potential is enormously exciting, and we have high hopes for both their disease-fighting abilities as well as their immediate commercial appeal.a

Rainbow BioSciences is working to develop new medical and research technology innovations to compete alongside companies such as Cell Therapeutics, Inc. (NASDAQ:CTIC),Biogen Idec Inc. (NASDAQ:BIIB) and Elan Corp. (NYSE:ELN).

For more information on Rainbow BioSciences, RBCCas biotechnology division, please visit [ www.rainbowbiosciences.com/investors.html ].

About Rainbow BioSciences

Rainbow BioSciences, LLC, is a wholly owned subsidiary of Rainbow Coral Corp. (OTCBB:RBCC). The company continually seeks out new partnerships with biotechnology developers to deliver profitable new medical technologies and innovations. For more information on our growth-oriented business initiatives, please visit our website at [[ www.RainbowBioSciences.com ]]. For investment information and performance data on the company, please visit [ www.RainbowBioSciences.com/investors.html ].

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