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Crdentia Announces Completion of Equity Financing

Thursday, November 15, 2007 General News J E 4
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DALLAS, Nov. 15 Crdentia Corp.(OTC Bulletin Board: CRDT), a leading healthcare staffing company, todayannounced it has completed a second and final closing of its private placementequity offering with additional investments of $1.05 million, bringing thetotal capital raised to $6 million. The proceeds from the offering will beused for working capital and strategic initiatives, including financing theCompany's recent acquisitions of Medical People Healthcare Services, Inc. andATS Health Services.

"I am pleased to announce the completion of this additional equityfinancing, which enables us to pursue our strategic growth plans ofestablishing Crdentia as a leading full-service supplier of healthcarestaffing throughout the Sun Belt region," said John Kaiser, CEO. "Importantly,the capital raised helped to finance our recent acquisitions that havetransformed Crdentia into a substantially larger company, both in terms ofrevenue and our geographical service footprint. With the completion of thisfinancing, we are also pleased to welcome new institutional investors to ourgrowing base of shareholders."

Including the amount raised in the first closing, announced October 29,2007, terms of the total funding include the issuance of approximately 19.2million shares of common stock and five-year warrants to purchaseapproximately 9.6 million shares of common stock for $0.35 per share in a cashonly exercise. Global Hunter Securities, LLC acted as placement agent for thefinancing.

The shares of common stock sold in the private placement have not beenregistered under the Securities Act of 1933, as amended, or state securitieslaws and may not be offered or sold in the United States absent registrationwith the Securities and Exchange Commission or an applicable exemption fromthe registration requirements. Crdentia has agreed to file a registrationstatement with the Commission covering the resale of the common stock sold inthe private placement.

This press release shall not constitute an offer to sell or thesolicitation of an offer to buy these securities, nor shall there be any saleof these securities in any jurisdiction in which such offer, solicitation orsale would be unlawful prior to the registration or qualification under thesecurities laws of any such jurisdiction.

About Crdentia Corp.

Crdentia Corp., one of the nation's leading providers of healthcarestaffing solutions, is focused on recruiting talented national andinternational healthcare professionals to meet the ever-increasing employmentneeds of over 1,500 clients. Crdentia is one of the few companies that canprovide quality temporary staff for all healthcare industry positionsincluding local nurses, travel nurses, allied health and locum tenensprofessionals. For more information, visit http://www.crdentia.com.

Forward Looking Statements

Statements contained in this release that are not historical facts areforward-looking statements that involve risks and uncertainties. Among theimportant factors which could cause actual results to differ materially fromthose in the forward-looking statements include, but are not limited to, thosediscussed in "Risk Factors" in the Company's Forms 10-K, Forms 10-Q, and otherfilings with the Securities and Exchange Commission. Such risk factorsinclude, but are not limited to, a limited operating history with no earnings;reliance on the Company's management team, members of which have otherbusiness interests; the ability to successfully implement the Company'sbusiness plan; the ability to continue as a going concern; the ability to fundthe Company's business and acquisition strategy; the growth of the temporaryhealthcare professional staffing business; difficulty in managing operationsof acquired businesses; uncertainty in government regulation of the healthcareindustry; and the limited public market for the Company's common stock.
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