Feb 22 2010
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, a biological insurance policy, for families nationwide and internationally, said today in an interview of Matthew Schissler, co-founder and CEO, by analyst Francis Gaskins, that its goal is to be the world's largest stem cell storage facility.
The entire interview is available at http://gaskinsco.com/cbai-2-18-10.mp3
Mr. Schissler said he recently returned from a business trip to China where, he said, the acceptance of the need to store stem cells may be even greater than in the U.S. "It is an intriguing market," Mr. Schissler said.
He explained that in recent news releases Cord Blood America will utilize its Las Vegas laboratory to store stem cells for a major Latin American firm and new sales representatives from Florida is part of the 2010 effort to diversify the revenue stream to not be solely reliant on its own cord blood storage service. The other two 2010 goals are to increase organic growth and to find excellent acquisitions, for which we have a great appetite, Cord Blood America's co-founder said.
He said the Company will focus on adding storage of additional types of stem cells, including adipose tissue, placenta, bone marrow and others in 2010. "Our goal is simple: We want to be the dominant biological storage facility," Mr. Schissler said.
Cord Blood America's CEO also carefully explained the Company's successful 2009 effort to retire all its onerous debt and strengthen its balance sheet, and its new systems that significantly reduce any chance of contamination, which, Mr. Schissler said, gives Cord Blood America a distinct competitive advantage.
SOURCE Cord Blood America, Inc.
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