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Cryo-Cell International, Inc. Reports First Quarter 2009 Results
Date:4/9/2009

Company Reports Quarterly Net Income of $536,000

OLDSMAR, Fla., April 9 /PRNewswire-FirstCall/ -- Cryo-Cell International, Inc. (OTC Bulletin Board: CCEL) (the "Company"), one of the world's largest and most established family cord blood banks, today announced results for the first quarter ended February 28, 2009. Consolidated revenues for the first quarter of fiscal 2009 were approximately $3.9 million compared to approximately $4.2 million for the first quarter of fiscal 2008. The Company reported net income in the first quarter of fiscal 2009 of approximately $536,000, or $0.05 per basic common share, compared to a net loss of approximately ($247,000), or ($0.02) per basic common share, in the first fiscal quarter of fiscal 2008. The net income in the first quarter of fiscal 2009 is primarily the result of a 23% decrease in marketing, general and administrative expenses and a 23% decrease in cost of sales.

The Company recognized approximately $338,000 in licensee income for the first quarter of fiscal 2009, compared to approximately $183,000 for the same period in 2008. Of the licensee income for the first quarter of fiscal 2009, $100,000 was related to an installment of a non-refundable up-front license fee from the licensee of the Company's U-Cord program in Venezuela. The remaining approximately $238,000 is royalty income earned on subsequent processing and storage of specimens in geographical areas where the Company has license agreements, and from the sale of sub-license agreements by licensees. Licensee income for the same period in 2008 consisted of approximately $183,000 of royalty income earned on the subsequent processing and storage of specimens in geographical areas where the Company has license agreements, and from the sale of sub-license agreements by licensees.

As of February 28, 2009, the Company had approximately $5.7 million in available cash, c
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SOURCE Cryo-Cell International, Inc.
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