Q Therapeutics Issues Formal Update on Key Corporate and Operational Developments

SALT LAKE CITY, UT--(Marketwire - Dec 20, 2012) - Deborah Eppstein, PhD, President and CEO of Q Therapeutics, Inc., an emerging biotechnology company utilizing its proprietary innovative technology to develop breakthrough cell therapy products for the treatment of debilitating diseases of the central nervous system, today issued a formal update in the form of a CEO letter posted to the Company's web site at http://www.qthera.com.

In the letter, Dr. Eppstein comments on several key corporate and operational accomplishments achieved by Q Therapeutics in the past 12 months and on the Company's primary goals and objectives for the coming year.To view the CEO letter in its entirety, please go to http://ir.stockpr.com/qthera/ceo-letter.

About Q Therapeutics, Inc. Headquartered in Salt Lake City, Utah, Q Therapeutics, Inc. is a fully reporting, non-trading company, engaged in developing adult stem cell therapies to treat debilitating diseases of the central nervous system.The Company's first product, Q-Cells, is a cell-based therapeutic intended to restore or preserve normal activity of neurons by providing essential support functions that occur in healthy central nervous system tissues.Q-Cells may be applicable to a wide range of central nervous system diseases, including demyelinating conditions such as multiple sclerosis, transverse myelitis, cerebral palsy and stroke; as well as other neurodegenerative diseases and injuries, such as ALS (Lou Gehrig's disease), spinal cord injury, Parkinson's disease and Alzheimer's disease.Q Therapeutics' initial clinical target is ALS, with a first IND submission expected in 2013.For more information, visit http://www.qthera.com.

Cautionary Statement Regarding Forward-Looking Information This news release may contain forward-looking statements made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements in this press release regarding potential applications of Q Therapeutics' technologies constitute forward-looking statements that involve risks and uncertainties, including, without limitation, risks inherent in the development and commercialization of potential products, uncertainty of clinical trial results or regulatory approvals or clearances, need for future capital, dependence upon collaborators and maintenance of its intellectual property rights.Actual results may differ materially from the results anticipated in these forward-looking statements. Additional information on potential factors that could affect results and other risks and uncertainties are detailed from time to time in Q Therapeutics' periodic reports, including the quarterly report on Form 10-Q for the period ended September 30, 2012 and the Company's Annual Report on Form 10-K for the year ended December 31, 2011.

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Q Therapeutics Issues Formal Update on Key Corporate and Operational Developments