CONTENT

This web page intlstemcell.blogspot.com states the following, "Tuesday, March 20, 2012." We saw that the webpage said " International Stem Cell Corporations Announces 2011 Financial Results." It also said " CARLSBAD, California March 20, 2012 - International Stem Cell Corporation OTCBB ISCO. While the Company continued to invest in therapeutic projects, development of new technologies, and expansion of products and channels of distribution,. For the twelve months ended December 31, 2011, development expenses, excluding costs of sales, increased approximately 3. 0 million or 26 when compared with the pri."