Navigation Links
Cord Blood America Retires $2.53M Obligation
Date:8/5/2009

SANTA MONICA, Calif., Aug. 5 /PRNewswire-FirstCall/ -- Cord Blood America, Inc. (OTC Bulletin Board: CBAI), the umbilical cord blood stem cell preservation company (http://www.cordblood-america.com) focused on bringing the life saving potential of stem cells to families nationwide and internationally, said today it has retired $2.53M of long-term debt.

"The two notes signed in February and March of 2007 respectively, between CBAI and the Shelter Island Opportunity Fund (SIOF), have been retired as of August 3, 2009. With this debt retirement, CBAI has only the put option agreement obligation with SIOF remaining on its balance sheet. Cord Blood America regards this as a key milestone on its path to being able to operate debt free," said Matthew Schissler, Cord Blood America Founder and CEO. "Shelter Island provided us with the capital to purchase CorCell, which is the first licensed family cord blood banking company in the United States. Using their financing allowed us to establish CBAI as one of the largest domestic stem cell storage companies. Our obligation was to pay the notes in full before the February 28, 2010 maturity date. We are happy to have met the obligation and have saved a significant amount of interest payments because of early payoff."

"We have repeatedly said that decreasing debt would be one of our significant items to focus on in 2009," said Mr. Schissler. "Eliminating debt makes our financial balance sheet stronger and makes Cord Blood America a better investment. We are very pleased with this development."

About Cord Blood America

Cord Blood America (OTC Bulletin Board: CBAI) is the parent company of CorCell, which facilitates umbilical cord blood stem cell preservation for expectant parents and their
'/>"/>

SOURCE Cord Blood America, Inc.
Copyright©2009 PR Newswire.
All rights reserved

0

GOOD

Page: 1 2 3

Related biology technology :

1. Stem Cell Cord Blood Banking Is Huge Global Business for Hospitals, Says CEO of Bio-Matrix Scientific Group Inc.
2. Cellular Dynamics International Reprograms Blood Cells into Stem Cells
3. Cord Blood America Secured $7.5 Million Investment For Series A Preferred Stock
4. Exosome Diagnostics and DxS Diagnostic Innovations Collaborate to Develop Blood-Based Tests for Key Cancer Mutations
5. Cord Blood America Continues International Expansion
6. Study Finds Noninvasive Blood Test for Liver Fibrosis May Alleviate Need for Liver Biopsies for Some Patients with Chronic Hepatitis C
7. Researchers solve bloodcurdling mystery
8. Five Cord Blood Transplant Centers in Catalonia and Valencia Join a Study to Test a New Technique to Treat Leukemia and Lymphoma
9. Cord Blood America Says Debt Reduced $4.194 Million in 2009
10. Prospect Therapeutics, Inc.s GCS-100 Inhibited Blood Vessel Formation in a Variety of Cancer Models
11. Cord Blood America to Hold Conference Call on Thursday May 21st at 11 a.m. Eastern Time to Discuss 2009 First Quarter Results and Corporate Developments

Post Your Comments:
*Name:
*Comment:
*Email:
(Date:11/23/2009)...RNewswire/--ImmuneDesignC or p.(IDC)announcedtoday...man.Dr.Carterhasasuccessfultrackrec or dinbiotechn...utiveOfficeratZymoGenetics,inSeattle,WAandChiefSci...,, (Photo: http://www.newscom.com/cgi-bin/prnh/...randChiefExecutiveOfficercommented,"Iamdelightedto...
(Date:11/20/2009)..., , , , , , , ,...O: , A team of scientists from Washington Uni...old Spring Harbor Laboratory and Iowa State Univer..... , , Click here for more inform... , , , , , , , ...
(Date:11/20/2009)...HOLM, November 20 Karolinska Devel...ment Fund (EIF) has entered into a,co-investment a...will be,managed by Karolinska Development and used...ge pharmaceutical and medical technology companies...investment fund. The agreement,represents EIF,s la...
(Date:11/19/2009)...v. 19 Danish Prince Joachim inaugu...ol plant in Kalundborg, Denmark, on Wednesday, Nov... and largest 2nd generation ethanol demonstration ...used in the plant,s innovative process for convert..., was the first to market with commercial enzymes ...
Breaking Biology Technology:Immune Design Corp. Announces Appointment of Dr. Bruce L.A. Carter as Executive Chairman and Director 2Amaizing: Corn genome decoded 2Amaizing: Corn genome decoded 3Amaizing: Corn genome decoded 4Karolinska Development and EIF Start Landmark Co-Investment Fund for Life Science Innovation 2Karolinska Development and EIF Start Landmark Co-Investment Fund for Life Science Innovation 3DONG Energy and Inbicon Inaugurate One of the World's Largest Demo Plants for 2nd Generation Biofuel 2
...ally, approximately 418 million,people are current...mportance, danger, and costs of hepatitis in the 2...d, according to Global Hepatitis Strategies, a,new...espite the obvious crisis, world governments are n.... Yet the incidence and,prevalence of hepatitis ha...
...ally, approximately 418 billion,people are current...mportance, danger, and costs of hepatitis in the 2...d, according to Global Hepatitis Strategies, a,new...espite the obvious crisis, world governments are n.... Yet the incidence and,prevalence of hepatitis ha...
...nered with fashion designer Kara Saun ("Project,Ru...on on a campaign called,"Project: Sweat Free," des...ondition called severe primary axillary hyperhidro... that it can have on women,s lifestyle,choices, as... women manage,their underarm sweat. To access a se...
Other Biology Technology:Touching 418 Million Lives, Hepatitis Still Presents Significant Threat to Global Health 2Touching 418 Billion Lives, Hepatitis Still Presents Significant Threat to Global Health 2MultiVu Video Feed: Allergan, Inc. Partners With "Project Runway" Designer Kara Saun and Gen Art Fresh Faces In Fashion to Raise Awareness About Excessive Underarm Sweating 2
(Date:11/23/2009)... , , , , , , , ... , Dr Andrew Marshall, from the Environment De...discovery of Kinyongia magomberae and his wider ...for more information. , , , , ..., , , , , , , A new species of ...
(Date:11/23/2009)...is Director of the Interuniversity Professorship i...nd the University of the Basque Country. The Profe...s other experts such as researchers in the fields ...s in ethics. , The Interuniversity Professorship...of Deusto and the Basque Country was created in 19...
(Date:11/22/2009)...sed prenatally to tobacco smoke and during childho... according to research done at Cincinnati Children...s that up to 35 percent of ADHD cases in children ...liminating both of these environmental exposures. ..., "Tobacco and lead exposure each have their own...
Breaking Biology News(10 mins):New chameleon species discovered in East Africa 2New chameleon species discovered in East Africa 3Research and legislation should go hand in hand, as much as possible 2Exposure to lead, tobacco smoke raises risk of ADHD 2Drug eluting stents safe effective for treatment of chronic total occlusions 57845 1Drug eluting stents safe effective for treatment of chronic total occlusions 57845 2New type of sirolimus eluting stent demonstrates superior results 57841 1New type of sirolimus eluting stent demonstrates superior results 57841 2New type of sirolimus eluting stent demonstrates superior results 57841 3University of Iowa scientists use blood brain barrier as therapy delivery system 10007 1University of Iowa scientists use blood brain barrier as therapy delivery system 10007 2University of Iowa scientists use blood brain barrier as therapy delivery system 10007 3
...hers at The University of Arizona,s plant sciences...a $29 million federal grant as part of a consortiu...e knowledge gained from the Maize Genome Sequencin...s to improve agronomically important traits in cer...ndation (NSF) chose the UA team and its partners f...
... like other biological attributes, is shaped by ev...s, and even closely-related species that are in ot...cular environments by interpreting the visual worl...are attuned to particular wavelengths of light. By...species inhabiting the Great Lakes of Africa, rese...
...ry has implications for wide range of diseases , ... that a specific gene on chromosome 15 regulates i...e range of disorders, including cancer, cardiovasc...infections. The findings are published in the Oct...ators believe this discovery will be of great inte...
Other Biology News:University of Arizona plant scientists to unravel maize genome 2University of Arizona plant scientists to unravel maize genome 3University of Arizona plant scientists to unravel maize genome 4Multiple genes permit closely related fish species to mix and match their color vision 2Scientists pinpoint inflammation gene 2Scientists pinpoint inflammation gene 3Scientists pinpoint inflammation gene 4
Mouse Anti-LAP2 Monoclonal Antibody, Unconjugated, Clone 6E10 from Abcam
Peroxide Block for Image Analysis from ScyTek Laboratories
Streptavidin, PE-Cy5.5 conjugated/tagged from eBioscience
Goat Anti-Dysadherin Polyclonal Antibody, Unconjugated from Abcam
Biology Products: