Cord Blood America Announces Business Strategies Following Its Recapitalization
Written By Admin
Thursday, March 17, 2011
Cord Blood America (OTC BB: CBAI) Updates Business Strategies LAS VEGAS, March 17, 2011. PRNewswire - Cord Blood America, Inc.(OTC Bulletin Board: CBAI.ob - News), the umbilical cord blood stem cell preservation companyfocused on bringing the life saving potential of stem cells to families nationwide and internationally, said today the focus of the Company on a go forward basis is to operate entirely off its own cash flow. "Getting to cash flow positive is of critical importance for our business and to allow our shareholders to recognize the true value of the Company," said Matthew Schissler, co-founder and CEO. "We have been aggressive in our strategies and we don't apologize for that. Companies that have been passive have been left behind or have been acquired. There is a tipping point to this business that requires mass. We are on the cusp of achieving that and our plans over the next 12 months serve as our guide. "To understand our future, it's important to see the progress of the previous two years. We are very proud of what we have accomplished," Mr. Schissler added. Comments on specific initiatives are: "As over the last few years of announcing our intentions, I believe it is vitally important to understand our strategies going forward. Specifically: "Cord Blood America is very proud of what we have accomplished and we are asking our shareholders to continue their support of management as we move forward to our goals of continued organic growth, smart acquisitions, revenue diversification, elimination of all debt, strategic investments and, most importantly, becoming cash flow positive," said Mr. Schissler. About Cord Blood America Cord Blood America (OTC Bulletin Board: CBAI.ob - News) 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.ob - News), visit our website at www.corcell.com. For investor information, visit www.cordblood-america.com. CONTACT: Safe Harbor: This press release contains forward-looking statements. Forward-looking statements, which involve assumptions and describe our future plans, strategies and expectations, are generally identifiable by use of the words "may," "will," "should," "expect," "anticipate," "estimate," "believe," "intend" or "project" or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned that such forward looking statements should not be construed as a guarantee or assurance of future performance or results. Actual events or results may differ materially from those discussed in forward-looking statements as a result of various factors. In light of these risks and uncertainties, there can be no assurance that the forward-looking statements contained herein will in fact occur. These forward-looking statements are based on current expectations, and the Company assumes no obligation to update this information. Readers are urged to carefully review and consider the various disclosures made by the Company in its Form 10-K and in the Company's other reports filed with the Securities and Exchange Commission that discuss certain of the risks and factors that may affect the Company and its business.
Paul Knopick
E & E Communications
949-707-5365
pknopick@eandecommunications.com
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