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Cord Blood America CEO Matthew Schissler Discusses Projects in China, South America, 'Afford-A-Cord,' and Profitability
Date:9/16/2010

LAS VEGAS, Sept. 16 /PRNewswire/ -- Cord Blood America, Inc. (http://www.cordblood-america.com) (OTC Bulletin Board: CBAI), the umbilical cord blood stem cell preservation company focused on bringing the life saving potential of stem cells, a biological insurance policy, to families nationwide and internationally, said today that Matthew Schissler, its co-founder and CEO, was interviewed by analyst Francis Gaskins on the Company's current accomplishments and future business strategies.

The entire interview is available at:

http://gaskinsco.com/cbai-9-15-10.mp3

  • Progress continues in China, with expectations that a temporary laboratory will be in place this year and the processing of samples can begin in 2010,  which will derive revenues for Cord Blood America.  The major, permanent, state-of-the-art laboratory being constructed there will be completed in two – three years.
  • The Company will close its acquisition of controlling interest in BioCells, Inc., Buenos Aires, Argentina, shortly.  "Argentina is a fast growing market and gives us the opportunity to expand throughout South and Central America," Mr. Schissler said.  Also, because the company is profitable, the acquisition will produce positive results for Cord Blood America from the first day.  Mr. Schissler said significant translation issues with a large number of documents slowed the process from an August closing.
  • "Afford-A-Cord," which Cord Blood America announced with fanfare in June, which allows families to store their baby's umbilical cord blood at a significantly reduced rate at the time of birth, has increased in sales each month it ha
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SOURCE Cord Blood America, Inc.
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