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Cord Blood Registry Maintains Solid Growth in First Quarter 2009
Date:6/11/2009

Continued Market Share Increase Combined with Significant Operating Efficiencies Lead to Jump in Earnings

SAN BRUNO, Calif., June 11 /PRNewswire/ -- Cord Blood Registry (CBR), the global leader in the collection and preservation of newborn stem cells from umbilical cord blood, reported solid revenue growth in first quarter 2009, up nearly 20 percent compared to first quarter 2008. Earnings for the quarter showed even stronger gains due to increases in both volume and market share coupled with more efficient operations.

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"Despite a minor impact from the current state of the economy, our business has continued to increase and our financial position is extremely strong," said Tom Moore, chief executive officer. "We anticipate that we'll see accelerated growth through the year as the economy recovers."

The company points to the industry-leading quality of its product and extremely high customer satisfaction as two key factors that have helped drive the company's growth in market share during the past five quarters from about 40 percent to near 50 percent.

"Cord Blood Registry continues to lead the newborn stem cell banking industry through an intense focus on superior quality and customer service," said Moore. "We ask every parent who entrusts us with preserving their newborn's cord blood to give us a report card. We're extremely proud to maintain a satisfaction score above 99 percent, which we believe has helped drive our market share growth."

In addition, the company continues to realize the benefit of reinvesting earnings back into the business to further enhance operations at its wholly-owned,

SOURCE Cord Blood Registry
Copyright©2009 PR Newswire.
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