Cellceutix Stockholders Tour Company Facilities at First Annual Stockholder Meeting; Investors Express Support for Company and Disgust for Seeking Alpha Article

BEVERLY, MA--(Marketwired - December 17, 2015) - Cellceutix Corporation (OTC: CTIX) (the "Company"), a clinical stage biopharmaceutical company developing innovative therapies with oncology, dermatology, anti-inflammatory and antibiotic applications, today provides shareholders a re-cap of the Company's first Annual Meeting of Stockholders, held Tuesday, December 15, 2015 at the office building of Cellceutix's corporate headquarters in Beverly, Massachusetts. Cellceutix would like to thank all of the shareholders that attended.

"I was very pleased to see such a strong turnout of shareholders showing their support of our Company; it was a pleasure meeting face-to-face with everyone," commented Leo Ehrlich, Chief Executive Officer at Cellceutix. "There was a lot of dialogue about corporate development, our clinical pipeline and advancing the rest of our portfolio, but the one thing that really struck me was all of the comments about the enormous size of the 100 Cummings Center office building. Most of the shareholders attending had never seen the building or our offices and lab within them in person and they were completely misled by the article of an anonymous blogger on Seeking Alpha alleging we operate out of an empty office building. It really speaks to the impact that such a malicious, frivolous publication can have to confuse investors and try to impede development of new drugs that are critical to the people that need them. These unethical, anonymous authors don't realize the actual damage they do. If they can make a dollar, they don't care about hurting thousands of people. Interacting with CTIX shareholders, seeing their reaction to our office building and listening to their disgust with Seeking Alpha article simply further fuels my passion to create a monumental success in healthcare and fight to see that justice is served to the individuals behind that article."

A summary of the meeting's agenda, along with a shareholder comment during the meeting (marked with an asterisk), is provided below.

I. CALL TO ORDER AND WELCOMING REMARKS

A. Welcome and Introductory Remarks
B. Instructions on Rules of Conduct and Procedures
C. Establishment of Validity of Meeting

II. DESCRIPTION OF PROPOSALS TO BE VOTED UPON

A. Proposal 1: Election of Directors
B. Proposal 2: Ratification of Appointment of Independent Registered Public Accounting Firm
C. Proposal 3: Approval, on an Advisory, Non-Binding Basis, of Executive Compensation