DALLAS, Feb. 13 /PRNewswire-FirstCall/ -- Crdentia Corp. (OTC:CRDT) (BULLETIN BOARD: CRDT) , a leading U.S. provider of healthcare staffing services, announced today that it has completed private placements of common stock totaling $2 million. Crdentia plans to use the proceeds from the private placements for general working capital purposes and to refinance a portion of its existing debt. Crdentia's Chairman and Chief Executive Officer James D. Durham commented, "We are happy to have completed this financing that will allow us to continue to move forward with our on-going objective of consolidating the healthcare staffing industry. Importantly, these transactions enabled the Company to refinance its bank debt, thereby providing Crdentia with more attractive borrowing terms while reducing our overall borrowing costs." The financing included an initial private placement of 1,283,332 shares of Crdentia common stock at a price of $0.60 per share, which closed on January 25, 2007. A second transaction, which closed on February 7, 2007, consisted of a private placement of 2,049,999 shares at a price of $0.60 per share. Aggregate proceeds for the two transactions totaled $2 million. The shares have been and will be issued in a transaction pursuant to Section 4(2) of the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder. The Company has agreed to cause a resale registration statement covering the shares to be filed within 30 days after the final closing date. About Crdentia Corp. Crdentia Corp. is one of the nation's leading providers of healthcare staffing services. Crdentia seeks to capitalize on an opportunity that currently exists in the healthcare industry by targeting the critical nursing shortage issue. There are many small, private companies that are addressing the rapidly expanding needs of the healthcare industry. Unfortunately, due to their relatively small capitalization, they are unable to maximize their potential, obtain outside capital or expand. By consolidating well-run small private companies into a larger public entity, Crdentia intends to facilitate access to capital, the acquisition of technology, and expanded distribution that, in turn, drive internal growth. For more information, visit http://www.crdentia.com/. Forward Looking Statements Statements contained in this release that are not historical facts are forward-looking statements that involve risks and uncertainties. Among the important factors which could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, those discussed in "Risk Factors" in the Company's Forms 10-KSB, Forms 10-QSB, and other filings with the Securities and Exchange Commission. Such risk factors include, but are not limited to, a limited operating history with no earnings; reliance on the Company's management team, members of which have other business interests; the ability to successfully implement the Company's business plan; the ability to continue as a going concern; the ability to fund the Company's business and acquisition strategy; the growth of the temporary healthcare professional staffing business; difficulty in managing operations of acquired businesses; uncertainty in government regulation of the healthcare industry; and the limited public market for the Company's common stock. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. We undertake no obligation to revise or update publicly any forward-looking statements for any reason. AT THE COMPANY: AT FINANCIAL RELATIONS BOARD: James D. Durham Lasse Glassen Chairman and CEO 310-854-8313 972-850-0780 DATASOURCE: Crdentia Corp. CONTACT: James D. Durham, Chairman and CEO of Crdentia Corp., +1-972-850-0780; or Lasse Glassen of Financial Relations Board, +1-310-854-8313, , for Crdentia Corp. Web site: http://www.crdentia.com/

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