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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 significa
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SOURCE Cord Blood America, Inc.
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