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:4/21/2017)... ... April 21, 2017 , ... The adage “Show, don’t tell” applies perfectly ... in the company’s esteemed VISION House demonstration project series. Manifesting the concept of right-sized ... resources they need to live affordably and abundantly without unduly taxing the resources of ...
(Date:4/21/2017)... ... 21, 2017 , ... The VIA Agency , a ... Theravent, Inc. , the makers of a revolutionary new device clinically proven ... now working to expand distribution in anticipation of a national launch. VIA will ...
(Date:4/21/2017)... Arvada, CO (PRWEB) , ... April 21, 2017 ... ... health and performance system, has partnered with O2X , an active lifestyle ... are focused on improving the health of firefighters, police offers, first responders, military ...
(Date:4/21/2017)... ... April 21, 2017 , ... Alive for Wellness ... to overcome their mental health struggles. The Alive team uses advanced behavioral sciences ... approach in dealing with a mental health struggle is based on 10 modalities ...
(Date:4/21/2017)... ... April 21, 2017 , ... ... anticipated Regional Primary Care Spring Symposium on April 1, 2017 in Santa Rosa. ... offering physicians and healthcare providers an opportunity to learn about cutting edge treatments, ...
Breaking Medicine News(10 mins):
(Date:4/19/2017)... , April 19, 2017  SARES•REGIS Group leased ... is developing at Conejo Spectrum Business Park in ... Atara Biotherapeutics, Inc. , a biopharmaceutical company ... life-threatening diseases that have been underserved by scientific ... therapies for cancer, autoimmune and infectious disease. ...
(Date:4/18/2017)... 18, 2017 Viverae ® , a leader ... integration of IBM ® Watson Campaign Automation, implementing ... communications for a personalized experience. Through digital engagement, the ... health in real time. The enhanced experience drives engagement ... members, wherever they are in their journey to health. ...
(Date:4/18/2017)... BLOOMINGTON, Minn. , April 18, ... IMMY ) ("Imprimis"), an ophthalmology-focused pharmaceutical company, and ... today announced the signing of a three-year exclusive ... will deploy a dedicated sales team to introduce ... U.S., primarily focused in 13 states in the ...
Breaking Medicine Technology: