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MicroIslet Announces Voluntary Reorganization Filing

2008-11-11
(OTCBB:MIIS) MicroIslet, Inc. Press ReleaseSource: MicroIslet, Inc. MicroIslet Announces Voluntary Reorganization FilingMonday November 10, 5:57 pm ET Company Expects Operations to Continue as Usual SAN DIEGO, Nov. 10, 2008 - MicroIslet Inc. , a biotechnology company engaged in the development and commercialization of cell therapies for diabetes, recently announced that it filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code. The company plans to continue operating the business without interruption as management focuses on developing and executing on a corporate restructuring plan. ``During the past 16 months we believe we have made substantial progress toward the goal of getting the Company's lead product, MicroIslet-P, ready for human clin
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