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Cord Blood America Announces First Quarter Financial Results
Date:5/21/2012

loss from operations was reduced by approximately $1.2 million from the first quarter of 2011 to the first quarter of 2012.  It is important to note this number does include depreciation and amortization, as well as some interest income.  We are concentrating on a positive EBITDA performance for our operations, as we believe it is a critical component to creating company value.  We will be disciplined with each dollar spent.   We will not be biased to post growth just for growth.  As we dissect the business, we always will assess the cost to obtain an additional dollar of revenue. 

Finally, we continue to assess our approximately $2.3 million in existing principal debt versus an outstanding share count that has reached the ceiling of the authorized.  We are exploring different alternatives.  We recognize that in light of these debt obligations the cash value from the reoccurring sample base alone should provide more than ample coverage, thus providing us the opportunity to execute a viable business strategy. 

"The next 90-120 days will be very tactical as we evaluate each and every segment of the business, with the goal of ensuring a financially sound footprint, along with a stable platform to grow.  We remain excited about the possibilities, but we also understand this enthusiasm will only carry momentum with positive results," Mr. Vicente said. 

Cord Blood America
Cord Blood America is the parent company of CorCell, which facilitates umbilical cord blood stem cell preservation for expectant parents and their children. Its mission is to be the most respected stem cell preservation company in the industry. Collected through a safe and non-invasive process, cord blood stem cells offer a powerful and potentially life-saving resource for treating a growing number of ailments, including cancer, leukemia, blood, and immune disorders. To find out more about Cord Blood
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SOURCE Cord Blood America, Inc.
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