Navigation Links
Cord Blood America Leases Las Vegas Building for Its Own Stem Cell Laboratory
Date:7/9/2009

SANTA MONICA, Calif. and LAS VEGAS, July 9 /PRNewswire-FirstCall/ -- Cord Blood America, Inc. (OTC Bulletin Board: CBAI), one of the largest umbilical cord blood stem cell preservation companies (http://www.cordblood-america.com) focused on bringing the life saving potential of stem cells to families nationwide and internationally, said today it has signed a lease for a 17,000 square foot building in Las Vegas, Nevada, for a state-of-the-art laboratory for the storage of multiple stem cell products including umbilical cord blood stem cells.

"This will be the largest stem cell laboratory and cryogenic storage facility in Nevada and one of the largest in the U.S.," said Company founder and CEO Matthew Schissler. "The lab will first be used to process and store umbilical cord blood stem cells, with a target date to start processing in the fourth quarter of 2009. In 2010, CBAI intends to expand its cryogenic storage services to other forms of stem cells, including peripheral blood stem cell and adipose tissues."

The new state-of-the-art lab will be built out in the Spencer Airport Business Park at 1857 Helm Drive. "CorCell, the first licensed private cord blood banking company in the United States, will now have its own processing and cryogenic storage lab strategically located within one mile of the nation's 5th busiest airport, which will reduce our shipping costs significantly," Schissler added. "That combined with Nevada's desire to diversify its business climate, incentives and lower costs of doing business, along with a much friendlier tax structure, are all keys in our decision focused on success and long term cost reduction for CBAI."

"The lab will also allow Cord Blood America to seek research grants for stem cell research," Mr. Schissler said. "Having this lab significantly enhances the Company's future capabilities as it will enhance our scientific expertise supporting future research and product development."

View the social media version of this release.

Visit Cord Blood America's Social Media Newsroom.

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 children. Its mission is to be the most respected stem cell preservation company in the industry. Collected through a safe and non-invasive process, cord blood stem cells offer a powerful and potentially life-saving resource for treating a growing number of ailments, including cancer, leukemia, blood, and immune disorders. To find out more about Cord Blood America, Inc. (OTC Bulletin Board: CBAI), visit our website at www.corcell.com. For investor information, visit www.cordblood-america.com.

Forward-Looking Statements

Some statements made in this press release are forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We use words such as "anticipate," "believe," "expect," "future," "intend," "plan," and similar expressions to identify forward-looking statements. These statements including those related to the growth of the industry, new stem cell treatments, and the Company's performance, are only predictions and are subject to certain risks, uncertainties and assumptions. Additional risks are identified and described in the Company's public filings with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company's past performance is not necessarily indicative of its future performance. The Company does not undertake, and the Company specifically disclaims any obligation to update any forward-looking statements to reflect occurrences, developments, events, or circumstances after the date of such statement.

    CONTACT:
    Paul Knopick
    E & E Communications
    949/707-5365
    pknopick@eandecommunications.com


'/>"/>
SOURCE Cord Blood America, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Vegetable Amino Acid Lowers Blood Pressure
2. Intensive management can improve blood pressure in non-adherent hypertensive patients
3. Women's Health Expert Dr. Susan Lark Featured on Searchbloodsugar.com
4. Parents Guide to Cord Blood Foundation Introduces New Brochure During Cord Blood Awareness Month to Address Critical Education Gap
5. Stem Cell Industry Expert Praises, Encourages Continued Progress on Legislation to Promote Benefits of Cord Blood
6. CSC to Kick Off National Blood Drive Campaign July 8 at Global Headquarters in Virginia
7. Study in Nature: MicroRNAs hold promise for treating diseases in blood vessels
8. Cord Blood Awareness Month: Understanding Still Low, Despite Medical Advancements
9. Newer Blood Tests May Not Improve Heart Risk Assessment
10. Sporadic Spikes in Blood Pressure Hike Chances of Hypertension
11. Low Blood Sugar in Hospital Tied to Higher Death Risk for Diabetics
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/17/2017)... ... ... For breast cancer clinicians and researchers who were unable to attend the ... review and analysis of its highlights, a novel half-day, complimentary meeting—the 14th Annual Best ... February 4, 2017 in Chicago. Chaired by Kathy S. Albain, MD, FACP, FASCO from ...
(Date:1/17/2017)... ... 2017 , ... SunView Software’s Service Smart Technology has been selected as a ... , Each year, Pink Elephant recognizes a new product or service developed by an ... problem or opportunity. The award highlights original innovations that were released in 2016, either ...
(Date:1/17/2017)... Chapel, Florida (PRWEB) , ... January 17, 2017 ... ... Connected City, a new 21st century approach to infusing high speed technology into ... an area exclusively dedicated to the advancement of healthcare and wellness in a ...
(Date:1/17/2017)... , ... January 17, 2017 , ... ... online continuing education for EMS and firefighting professionals, has released four new continuing ... These new courses are taught live in an online classroom and meet the ...
(Date:1/17/2017)... OAKLAND, CA (PRWEB) , ... January 17, 2017 , ... ... been named winners of the fourth Cradle to Cradle Product Design Challenge , ... the fourth in a series of six circular design challenges scheduled to run through ...
Breaking Medicine News(10 mins):
(Date:1/18/2017)... , Jan. 18, 2017  Tarix Orphan LLC ... has granted a Rare Pediatric Disease (RPD) designation for ... Recessive Dystrophic Epidermolysis Bullosa (RDEB), a rare genetic skin ... and treatment is limited to supportive care. ... Orphan Drug Designation previously granted by the FDA in ...
(Date:1/18/2017)... January 18, 2017 ML ... plans to publish an online presentation tomorrow, January ... sales forecast for 2017. Management reports that the ... record sales performance from its existing operations, and ... entry into the Cannabis sector through a ...
(Date:1/18/2017)... --  Robust competition in the private marketplace is resulting ... according to a new study by the ... first to examine the share of prescription medicine spending ... (PBMs), health plans and other stakeholders in the supply ... to show what happens when the list price of ...
Breaking Medicine Technology: