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Cord Blood America CEO Announces Statement Regarding Expansion and Company Valuation
Date:7/17/2008

SANTA MONICA, Calif., July 17 /PRNewswire-FirstCall/ -- Cord Blood America, Inc. (OTC Bulletin Board: CBAI) CEO, Matthew Schissler, today announced a business update to the marketplace as well as statements regarding the Company's valuation. Cord Blood America, an 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, today announced that their inventory continues to increase both in the U.S. and in Europe at a rate above 10 percent annually bringing their total number to approximately 20,000 cord blood stem cell samples currently. Cord Blood's a.bourkas Co. United subsidiary in Greece will expand into Germany in August of this year with increased expansion planned for Europe for the coming months.

"As recently as last October, PerkinElmer Inc., a Waltham company that sells an array of life sciences instruments and services purchased ViaCell, Inc. for $300 million. The valuation of that transaction, based on approximately 130,000 cord samples and the ability to organically grow the sample base year over year, was over $2,300 per sample, which is the reason that PerkinElmer purchased ViaCell. Based on that purchase price, Cord Blood's samples would be worth $46,000,000. Even for the price that we bought three of our competitors for, which we believe is well below market value, and our own organic growth story that adds significantly to our sample base yearly, our valuation would be an absolute minimum of 6 to 8 million dollars. Our current market capitalization is only 2 million," said Matthew Schissler, CEO of Cord Blood America.

"The importance of cord samples cannot be overemphasized. We believe that many more families will participate in our program over time. With all of the new medical technology out there, it is important to realize that children
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SOURCE Cord Blood America, Inc.
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