Exhibit 99.1
CalciTech Extends Warrants
Hamilton, Bermuda, 24th January 2007 - CalciTech Ltd. (Plus Markets: CLK; OTCBB: CLKTF) announces the Directors of the Company have agreed to extend its $0.50 warrants, originally to mature on 25th January 2007, by one month, the new maturity date being 25th February 2007.
The Company has 4.5 million warrants outstanding priced at $0.50, as part of its $2.25 million private placement in January 2005.
For further information:
CalciTech Ltd.
Marc Lakmaaker
Email: MarcL@calcitech.com
Tel: +41 22 710 4020
www.calcitech.com
Schwarz Financial
Frank Schwarz
Email: kontakt@schwarzfinancial.com
Tel: +49 611 1745 3980
www.schwarzfinancial.com
Equity Development
Andy Edmond
Tel: +44 207 405 7777
www.equitydevelopment.co.uk
Registered Office:
CalciTech Limited
Par-La-Ville Place
14 Par-La-Ville Road
Hamilton
Bermuda
Company registration number: 20494
The directors of the company take responsibility for this announcement.
This press release contains "forward looking statements" including forward looking statements as that term is defined in section 27a of the United States securities act of 1933 and section 21e of the securities and exchange act of 1934. Statements in this press release, which are not purely historical are forward looking statements and include any statements regarding beliefs, expectation or intentions concerning the future. Forward looking statements in this press release include, but are not limited to statements which are subject to a number of contingencies and uncertainties, including, but not limited to, market acceptance for CalciTech’s products, manufacturing of CalciTech’s products in a commercial setting, obtaining adequate financing and construction management for products and obtaining appropriate permits.
It is important to note that the corporation's actual outcomes may differ materially from those in forward looking statements contained in this press release. Although the company believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations and intentions will prove to be accurate. Readers should refer to the risks disclosures in the company's public filings with the Securities and Exchange Commission.