Cord Blood America Reports Preliminary YTD Revenues of $1.48M, 185 Per Cent Increase over Last Year LOS ANGELES, Aug. 4, 2005 (PRIMEZONE) -- Cord Blood America, Inc. (OTCBB:CBAI), an umbilical cord blood stem cell preservation company, today announced that year-to-date second quarter consolidated results indicate revenues of $1.48 million representing a 185% increase over the same period last year in which the Company reported revenues of $519.7K.
GROSS PROFIT INCREASES BY 158 PERCENT
The Six Months YTD Gross Profit results reached $398K representing a 158% increase over the same period last year in which the Company reported gross profit of $154.5K.
"We have had tremendous growth this first half of 2005 as compared to last year," stated company Chairman and CEO, Matthew L. Schissler. "We feel that Cord Blood America is well-positioned in a growth industry to post even better results in the latter half of 2005."
The company's financials will be disclosed on or before August 22, 2005. The company will also present a webcast on August 22 to the investor community discussing the results and other Cord Blood America issues and news.
About Cord Blood America
Cord Blood America (OTCBB:CBAI) is the parent company of Cord Partners, 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 life-saving resource for treating a growing number of ailments, including cancer, leukemia, or blood and immune disorders. For more information on how this precious lifeline can benefit your family, visit www.cordpartners.com.
Forward-Looking Statements
This release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We use words such as "anticipate," "believe," "expect," "future," "intend," "plan," and similar expressions to identify forward-looking statements. Forward-looking statements include, without limitation, our ability to increase income streams, to grow revenue and earnings, and to obtain additional cord blood banking revenue streams. These statements are only predictions and are subject to certain risks, uncertainties and assumptions, which are identified and described in the Company's public filings with the Securities and Exchange Commission.
Like the stock, Don't like Prophet's style. This guy tried a posible CON JOB on us on off topics.. The modes bumped his scam.
Posted by Lawguns on :
Dust lets keep this to one thread. There is already one going with more info then this on it.
Posted by Prophet on :
I was the victim in that CON dustoff, I got jipped. So I edited the thread when I realized it was posted of 15000 different forums. It wouldn't let me delete it so I emailed the moderator and told him to pull the thread entirly.
Posted by Dustoff101 on :
Thats my point, now he is thread jumping! Claim jumpers!!!!! String um up.LOL BIG TIME LOL
Posted by Prophet on :
I guess we do have different styles. I must say yours must be more professional than mine. Good luck.
Posted by Prophet on :
I have to explain You know I was browsing a google newsgroup on stocks and I saw the mail the dollar thread. I printed it out.. I even went out to the store to buy stamps. I followed everything the letter said to a T. I placed the stamps on the evelopes and posted the messege in this forum. I truely believed that it was legit, I was gullable i guess. I noticed buytex call it spam then I realized that it was spam, so I immediatly erased it. After I was done editing it I saw that you made a wise crack about the tooth fairy bringing you a dollar.. And I felt STUPID. I emailed the moderator and asked him to pull it. I agree with you, it was a con. But honestly I didn't know it was. Im knew to forums so I've learned alot being in this one, and I want to just say I'm sorry for any offense that I may have caused. I do appreciate your due diligence on stocks, and I will try to learn the rules of the forums more.
As far as CBAI goes. I just hit the refresh button on my newswire and saw it come up, and I posted to the forums as fast as I could. Once again sorry for being a novice.
Posted by Dustoff101 on :
There ya go, fair enough. Hey, your not the Lone Ranger when it comes to making a bad once in awhile.
Lets let bdgee's thread stand, and get back to bizzzzzz!
Posted by Lawguns on :
My god that is the oldest scam in the world. I remember before internet when it was a snail mail scam. We used to get them once or twice a year in the mail. If you fell for that be careful. There are a ton more that woll make you broke. If the finance minister from a african country E-Mails you to help him sneek money out of the country just keep on going it is another scam. Good luck in life. Oh and I have some ocean front property in arizona for sale. CHEAP just send me $100 to have me hold it for you.
Posted by BuyTex on :
quote:I noticed buytex call it spam then I realized that it was spam, so I immediatly erased it.
That's too funny--I barely remember bustin' that one...lol...thought that was another board. Lawguns, you're right, I remember that from snail mail *in college* ...one guy I knew actually got some dough before it crumbled on the next layer