Osteotech Announces Second Quarter Earnings Release and Conference Call Schedule

EATONTOWN, N.J., July 24 Osteotech, Inc.(Nasdaq: OSTE) announced today that the Company's second quarter ended June30, 2008 financial results will be released Thursday, July 31, 2008. Aconference call will be conducted by Sam Owusu-Akyaw, President and ChiefExecutive Officer, as well as other members of Osteotech management, onThursday, July 31, 2008, at 9:00 a.m. Eastern time. You are invited to listento the conference call by dialing 1-706-643-1624. Automated playback will beavailable two hours after completion of the live call through midnight,Thursday, August 14, 2008 by dialing 1-706-645-9291 and indicating access code52377240.

A live, listen-only webcast of our conference call will also be availableat our investor site at http://www.osteotech.com on the Financial Highlightspage. A replay of the conference call and the question/answer session will beavailable at the Company's website for approximately 14 days following thecall. It will be necessary to have RealPlayer installed on your computer.

Osteotech, Inc., headquartered in Eatontown, New Jersey, is a globalleader in providing OsteoBiologic solutions for regenerative medicine tosupport surgeons and their patients in the repair of the musculoskeletalsystem through the development of innovative therapy-driven products thatalleviate pain, promote biologic healing and restore function. For furtherinformation regarding Osteotech, this press release or the conference call,please go to Osteotech's website at www.osteotech.com.

SOURCE Osteotech, Inc.

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