CalciTech Consolidates North American Listing on OTC BB CLK requests delist from TSX-V HAMILTON, Bermuda, Sept. 27 /PRNewswire-FirstCall/ -- CalciTech Ltd. (TSX-V: CLK; OTCBB: CLKTF; Freiverkehr: XCH) announces today that following a full review of the current situation, CalciTech's Board of Directors has decided it is in the best interest of both the Company and its shareholders to consolidate its North American public listing on the NASD Over the Counter Electronic Bulletin Board ("OTCBB") in the US. CalciTech has now requested the TSX Venture Exchange to delist its common shares and given notice of cancellation of its listing agreement. Consolidation of the Company's North American listing onto the OTC BB is expected to generate several benefits. Firstly, it is expected that market makers will come in to actively support the stock. Secondly, trade volume in the stock will be concentrated on one exchange, therefore providing a more accurate picture to investors as to the North American liquidity of the stock. Thirdly, arbitrage will no longer be possible, a practice that in the past has on occasion had a negative impact on share price stability. Fourthly, the maintenance of one listing will lead to a significant decrease in use of financial and human resources. Finally, with the Company's long-term strategy to list on a senior exchange such as NASDAQ or AMEX, a migration from the OTC BB is the most effective route. The Board and management of CalciTech are of the opinion that a dual listing would only benefit the company in case two distinctly separate geographic markets are served. In the current situation, the Company's dual listing only marginally extends the Company's market reach and is therefore considered an ineffective use of shareholder's funds. Other considerations supporting the delist are; a lack of Canadian shareholders - less than 5% of the shares outstanding are held by Canadian residents - no commercial presence in Canada, no members of the Board of Directors are residing in Canada, and finally the Company is not administered principally in Canada. Roger Leopard, CalciTech President and CEO, stated, "We see a lot of advantages to consolidating our North American listing onto the OTC BB. Furthermore, our ability to raise funds on the Venture Exchange has been limited and we expect that by focusing our efforts and resources on the US market, we will be better able to fund our expansion program. Finally, we feel the listing consolidation will be beneficial for our shareholders. Following our last AGM, during which a potential delisting from the TSX-V was approved, we received significant support from our shareholders to engage upon the listing strategy we are now implementing with this step." This press release contains forward-looking statements which are subject to a number of contingencies and uncertainties, including but not limited to, market acceptance for CalciTech products, manufacturing of CalciTech products in a commercial setting, obtaining adequate financing and construction management for products and obtaining appropriate permits. Such forward-looking statements are not guarantees of future performance, and are based on numerous assumptions about future conditions that could change. No Stock Exchange has reviewed or accepted responsibility for the adequacy or accuracy of this press release. DATASOURCE: CALCITECH LTD. CONTACT: CalciTech Ltd.: Marc Lakmaaker, , Switzerland: +41 22 710 4020, Canada: +1 604 910 6599, Toll Free North America: 1 800 905 9544, http://www.calcitech.com/; Renmark Financial Communications Inc.: John Boidman, ; Edith English, ; Media: Cynthia Lane, ; (514) 939-3989; http://www.renmarkfinancial.com/

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