Navigation Links
Cord Blood America Reports Six Month Financial Results
Date:8/20/2008

LOS ANGELES, Aug. 20 /PRNewswire-FirstCall/ -- Cord Blood America, Inc. (OTC Bulletin Board: CBAI), the 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 reported that revenues for the first six months of 2008, ended June 30, totaled $2.4 million.

Revenues were down from the same period in 2007 because of a $1.5 million decrease in revenues at Rainmakers International, the Company's advertising subsidiary. Rainmakers switched business strategies in late 2007, focusing on low cost, high volume, annuity based advertising rather than relying on a few large contracts. Benefits from the change in business plan are slowly being realized.

Gross profit as a percent of revenues increased over the period from 35 to 55 percent, due to a significantly higher proportion of revenue deriving from the Company's primary umbilical cord blood storage business. "I would also urge shareholders to focus on the decrease in the loss from operations, which we have cut in half. I believe this shows our focus and ability to structure a business entity that stands strong on its own," said Matthew Schissler, CEO, Cord Blood America.

"We are dedicated to growing our umbilical cord blood storage business through strategic organic growth and accretive acquisition strategies," Mr. Schissler said. "We remain confident about the future of our Company and its business strategies."

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 http://www.corcell.com. For investor information, visit http://www.cordblood-america.com.

CONTACT:

Paul Knopick

E & E Communications

949/707-5365

pknopick@eandecommunications.com


'/>"/>
SOURCE Cord Blood America, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Poor Sleep Linked to High Blood Pressure in Teens
2. Air Pollution Can Damage Heart, Blood Vessels, Too
3. White blood cell uses DNA catapult to fight infection
4. Tiny molecule helps control blood-vessel development, UT Southwestern researchers find
5. Gioia & New York Blood Center Call for City Aid in Expansion of Mobile Blood Donor Coach Program
6. Gladstone scientists identify single microRNA that controls blood vessel development
7. Too Much Salt Boosts Blood Pressure
8. UCLA and biotech company develop first blood test to measure key hormone that regulates iron
9. Blood Sugar Test May Also Aid Diabetes Detection
10. Blood-Thinner Plavix Works Harder in Smokers
11. Single-Pill Combinations Diovan HCT and Exforge Approved in US as First-Line Treatments for High Blood Pressure
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/23/2017)... ... 23, 2017 , ... The physicians of KSF Orthopaedic Center PA are proud ... new location is located at 2255 E. Mossy Oaks Rd., Suite 440, Spring, Texas ... will provide patients living in the north Houston area (The Woodlands, Conroe, Magnolia, Kingwood, ...
(Date:3/23/2017)... ... 23, 2017 , ... The IoT (Internet of Things) is revolutionizing the way ... impact on businesses and individual consumers alike. Laboratories can maximize their profit margin ... anywhere from $4 trillion to $11 trillion dollars by the year 2025. McKinsey expects ...
(Date:3/23/2017)... ... March 23, 2017 , ... March is National Kidney Month – the ... it comes to maintaining good health. Every day, two kidneys filter about 120 to ... drop of your blood, eliminating waste, regulating fluid levels and blood pressure, supporting bone ...
(Date:3/23/2017)... ... March 23, 2017 , ... The ... organized by HMP Communications Holdings, LLC, today announced that RestorixHealth® has ... network of wound centers interested in becoming Certified Wound Specialist Physicians (CWSP®). ...
(Date:3/23/2017)... ... March 23, 2017 , ... After raising more than $1.135 million ... most-funded travel pillow in crowdfunding history, has established a U.S. Headquarters in ... travel innovation to Americans. , “We’re excited to be operating on U.S. shores, where ...
Breaking Medicine News(10 mins):
(Date:3/23/2017)... March 23, 2017 CENTRO DE IMAGEM DIAGNOSTICOS ... paragraph 4 of Law 6,404/76 and Instruction 358/02 of ... its shareholders and the market in general that it ... Centro de Diagnosticos por Imagem Ltda. (" CDI "), ... in RADIOLOGISTAS ASSOCIADOS LTDA. (" Partnership " and " ...
(Date:3/23/2017)... , March 23, 2017  The goal ... system to identify and track prescription drugs as they ... , in response to requirements from US FDA to ... of potentially dangerous medicines. Blockchain startup ... cryptographic identity chips and blockchain technology and recently raised ...
(Date:3/23/2017)... , March 23, 2017  Cornerstone Pharmaceuticals, ... a major milestone today.  Following successful End-of-Phase ... U.S. Food and Drug Administration (FDA), the ... and regulatory path forward to conduct pivotal ... patients with acute myeloid leukemia (AML) and ...
Breaking Medicine Technology: