High Return Investment Opportunity - Life Sciences Growth Company Presents Expansion Plan for Increasing Assets, Revenues and Share Values

High return investment potential offered, business growth strategy, new acquisitions and corporate objectives presented in new CalbaTech, Inc. web site, http://www.calbatech.com.

IRVINE, Calif.-- July 10, 2003 -- Life sciences growth company, CalbaTech, Inc. (Stock Symbol = CLBE), has announced the launch of an updated Web site at http://www.CalbaTech.com.

The new site was developed to more effectively present CalbaTechs objectives, business growth strategy, new acquisitions and the high return investment potential offered.

CalbaTech plans to expand by acquiring and enhancing life science growth companies that are revenue producing or will soon produce revenues. The Company acts as the entrepreneurial arm for inventors and their sponsoring universities.

The new Web site features overviews of:

The corporate growth plan --
http://www.calbatech.com/growth-company.htm

Targeted Life Sciences growth sectors --
http://www.calbatech.com/life-sciences.htm

Managements Biotechnology industry and growth company experience --
http://www.calbatech.com/management.htm

News on new products and acquisitions -
http://www.calbatech.com/high-return.htm

Stock investment profile -
http://www.calbatech.com/stock.htm

Note: Certain statements in this news release may contain "forward looking" information within the meaning of rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Act of 1934 and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, may include forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements.