"We are clearly encouraged by Cryo-Cell's performance in the first quarter of fiscal 2009, which represents the Company's second consecutive quarter of recurring profitability," stated Mercedes Walton, Chairman and CEO. "Despite the weakness in the U.S. economy and its impact on discretionary consumer spending, Cryo-Cell is pleased to deliver first quarter 2009 earnings of $536,000 and gross margins of 71%. In addition, recent public policy developments on stem cell research have helped generate heightened public awareness on the enormous benefits and potential stem cells offer. This increased awareness, in turn, may have potentially contributed to the 94% increase in the Company's first quarter 2009 pipeline of prospective clients when compared to the same period in 2008. We believe that growing public interest will offer greater opportunity to help discover better treatments and cures for millions of Americans suffering from debilitating disorders such as stroke, heart disease, diabetes, breast cancer, Alzheimer's and Parkinson's."
"We are also pleased with the progress we have made with the commercialization of the exclusive ground-breaking service, C'elle, which is based on Cryo-Cell's expansive IP technology portfolio. This innovative and proprietary service is available both as a standalone product and as a uniquely differentiated 'Protect Baby, Protect Mom'(R) bundle with our signature U-Cord(R) product. In addition, we are optimistic about the progress of our promising pipeline of research collaborations, which are focused on the development of potential breakthrough therapies that utilize Cryo-Cell's patent-pending stromal menstrual stem cell technology."
"Cryo-Cell continues to make substantial progress both strategically and operationally. Our momentum is strong, and we anticipate th
|SOURCE Cryo-Cell International, Inc.|
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