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Feb 5, 2015, Cellceutix Application To NASDAQ Made

|Includes: Innovation Pharmaceuticals Inc. (IPIX)

On February 6th Seeking Alpha published an article regarding Cellceutix being unable to apply for NASDAQ. This perhaps was another attempt by those desirous of seeing the stock plummet. On February 5th, 2015 the company submitted but the release was not until today. This is to correct my earlier mistake in assuming that the date of release on the website was also the Feb 5th.

From the CEO's Desk

CELLCEUTIX PROVIDES UPDATE TO SHAREHOLDERS

My Fellow Cellceutix Shareholders,

We are pleased to inform you that this past Thursday (February 5th) we submitted an application to the NASDAQ Exchange for listing on the NASDAQ Capital Markets. We have already met several of the NASDAQ listing requirements and are working to meet other requirements with respect to Independent Directors and establishing certain committees. Our corporate counsel and NASDAQ have advised that these requirements can be fulfilled during the application process. As previously discussed, we have been performing our due diligence and interviewing many interested individuals wishing to join Cellceutix in these capacities. The names of the prospective Directors will be submitted to NASDAQ for their vetting process to ensure that the individuals meet the requirements per NASDAQ definitions. We look forward to announcing these people as the processes are completed. Thank you for your continued support.

Sincerely,

The Cellceutix Team

Additional disclosure: I own 10,000 shares of CTIX, I hope to buy more.