-------------------- This year I invested in pumpkins. They've been goin' up the whole month of October and I've got a feeling they're going to peek right around January and BANG! That's when I'll cash in! Posts: 305 | From: connecticut | Registered: Nov 2004
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Cryobanks International Featured in Daytona Beach News Journal Article Bio Stem, Inc. (OTCBB: BTEM) announced today that Cryobanks International, Inc., which has agreed to be acquired by Bio Stem, Inc., released the following announcement:
In an article entitled "Umbilical Cord Cells Offer Hope," the Sunday, March 18th edition of the Daytona Beach News Journal (http://www.news-journalonline.com/pdf/fl_dbnj0318.pdf ) discusses the option to donate or store umbilical cord blood. New parents are faced with a barrage of information regarding their choices, however, the decision on what to do can be confusing considering everything else surrounding the arrival of a newborn child.
In the article, it was noted that Cryobanks International is the only facility where expectant parents can donate their child's cord blood from anywhere in the continental United States year round. The donated units are placed on international registries, including the National Marrow Donor Program, where anyone in need of a potential life saving transplant can access them.
About Cryobanks:
Cryobanks International, is a corporation located in Altamonte Springs, FL. The Company is a leader in the collection, processing, and banking of stem cells derived from the umbilical cord immediately after birth. The units of cord blood (CB) are processed and stored by the company for use in unrelated transplants (where the donor is a histocompatible match, but is anonymous and unrelated to the recipient) and for personal storage and use. In recent years, cord blood transplants (CBTs) have become widely recognized as a safe, effective, and in many ways preferable, alternative to bone marrow transplant (BMT). There is tremendous potential need for CBTs in the United States and worldwide. Cryobanks International is well poised to help meet that need, equipped with an inventory of over 9,000 cord blood units. For more information about Cryobanks International call 1-800-869-8608 or visit the website at www.cryo-intl.com.
Safe Harbor Statement
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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quote:Originally posted by RagingBull: this could be back to 2 in an hour wish i had more funds
Why would this have that big of a jump today. There is another article that is in the news today.
FEATURE-Umbilical blood banks 'taking advantage' of parents Reuters - March 20, 2007 9:00 AM ET
By Susan Heavey
WASHINGTON, March 20 (Reuters) - Besides choosing a car seat and setting up a college fund, Claire Rhye had one more decision to make before her first child arrived: what to do with her baby's umbilical cord blood.
Once regarded as medical waste, umbilical cords and placentas are now sought for their potentially life-saving blood cells. Like other stem cells, they can treat some diseases and have the potential to cure many more.
But such advances present challenges for parents in the United States if they want to store the blood in private banks for their own children or donate it to public banks for others.
"It's been really difficult," said Rhye, a 29-year-old from Alexandria, Virginia, who is due to give birth this month. "The private banks do a very good job of marketing ... tugging at your heart strings every time."
Cord blood can treat leukemia and other blood disorders when bone marrow transplants are a poor option, as well as other genetic diseases. Patients receive the cells directly into the blood. Once in the bone marrow, they generate new blood.
"These are close to miraculous," said Dr. Joseph Antin, who oversees stem cell transplantation and a related donor program at Dana-Farber Cancer Institute in Boston.
But deciding what, if anything, to do with their baby's cord blood has many new parents wrestling with a complicated issue that many scientists and doctors are still debating.
"TAKING ADVANTAGE"
Alison Plotas of Rockville, Maryland, whose daughter was born last July, opted for a private bank after seeing several brochures. Her doctor encouraged it as long as she could afford it.
"It's nice insurance to have," said Plotas, 33, who has a family history of leukemia. "Now hopefully we won't have to use it."
More than 25 companies, including ViaCell Inc.'s (VIAC) ViaCord and Celgene Corp.'s (CELG) LifebankUSA, offer private storage. Privately-held Cord Blood Registry and other smaller outfits also sell the service.
The companies send parents a kit to bring when their baby is delivered. The obstetrician squeezes the blood into a container that is returned to the companies.
Health insurers do not cover the process, which costs between $1,700 to $2,500 up front plus annual fees from $115 to $200. Doctors also usually charge for collection.
But heavy marketing has some physicians concerned that parents are making emotional decisions to spend thousands of dollars without understanding cord blood's limits.
"The banks are to some degree taking advantage of a middle-class buyer. They don't actually educate you that the chances of using it are small," said the cancer institute's Antin.
Earlier this year, the American Academy of Pediatrics said parents should only bank if they have an older child with a condition that could benefit.
Because genetic diseases are already present in umbilical cord blood, the cells cannot help children who later develop that type of disease, although they could help family members.
Other limitations include the possibility that the sample is too small or that the cells lose their usefulness decades after birth when many diseases being studied now might strike.
"NOT MADE EASY FOR YOU"
Private banking did not offer enough guarantees for Rhye, who sought a lesser-known option -- donation to public banks that store blood for treatment and research.
"Donation for research now makes sense because otherwise how are you going to get those questions answered?" said Rhye, who has no family history of the diseases potentially cured by the cells.
Like regular blood donations, cord cells are screened for disease and cataloged for other patients or research.
More than 50,000 public samples are available for transplant, but federal officials are pushing for 150,000 through a new national registry. Several states, including Arizona and California, also promote giving.
While most experts agree more units are needed, especially among minorities, they say the 4 million U.S. babies born each year offer enough potential for public and private needs.
Even if more people donate, they add, current facilities could not handle a huge influx.
"It's a very careful economic dance that's being done here so we don't overwhelm the system," said Michael Boo of the National Marrow Donor Program, which houses the U.S. registry.
The process can be frustrating for the potential donor. Rhye found Cryobanks International, which is being acquired by BioStem Inc. (BTEME) and is one of the few banks offering free donation kits by mail. Most donations are made through hospital-linked banks without shipping options.
But she gave up hope of donating after her obstetrician's staff first told her she wasn't "allowed" to donate, then said they would charge her $200.
"You really have to want to do this because it's not made easy for you," Rhye said.
Still, a growing number of parents, like Alison Plotas, are not taking any chances.
Steven Grant, executive vice president of Cord Blood Registry, said his company has seen nearly 60 percent annual growth as more people choose private storage.
"You also don't know what can happen. A lot of diseases, most diseases are not genetically based," he said, citing anemia and brain injuries.
"It's like an expensive insurance policy, but right now I can't tell you what my insurance is against," Plotas said.
Posts: 333 | From: Cullman, Al | Registered: Sep 2005
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posted
Cryobanks International (IS THE ONLY FACILITY )where expectant parents can donate their child's cord blood from anywhere in the continental United States year round. The donated units are placed on international registries, including the National Marrow Donor Program, where anyone in need of a potential life saving transplant can access them.
IF thats accurate about being the only faiclity or even if is not theres not many this could be huge , plus looking ahead with Pres. Bush out of office stem reserach coul advance more.
-------------------- a huge fortune will arrive to you once again! Posts: 657 | From: brooklyn | Registered: Jun 2006
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posted
Ya know, after thinking about it, I don't think I would ever want to go on a field trip to BTEM. I get images of Kurt Cobain's second album. Yikes!
Posts: 169 | Registered: Apr 2006
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quote:Originally posted by wes19c: man i told you guys, just as soon as i buy, RED! I suck.
i'll sell my shares so it will go back to $2 for you guys.
A really good trader taught me that you have to have confidence in your trades, or you might as well get out of the market. If you are losing money, paper trade for a bit until you see where you are making mistakes and/or gain confidence in what you are doing. I can say this because I lost a bucket load last year - more than I could afford to, but there is money to be made here if you can get everything moving in the right direction.
Even though I am down, I still have confidence in this stock.
FWIW...Best of luck to you!
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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posted
I think we are going further down, before we come back up, if we ever come back up...
Posts: 83 | From: Tampa | Registered: Jun 2005
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posted
Sherri, Thanks for the good advice! I was doing pretty good in the market but recently it seems that everything i touch turns red. I'm just in a little slump right now and chalking it up as a good run of bad luck. I like to joke around about it. I did some DD on this one before i bought it and IMO it is a good stock. i have confidence in it. I figured it would rebound today after the dip yesterday. I think we'll see some green soon enough, this has the potential to be a good money maker.
-------------------- All posts are my opinion only!! Do your own DD!! Posts: 137 | Registered: Jan 2007
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posted
NICE after hours news Bio Stem, Inc. to Acquire One of the Largest Stem Cell Inventories in the World Through Merger 3/20/2007 ATLANTA, GA, Mar 20, 2007 (MARKET WIRE via COMTEX News Network) --
Bio Stem, Inc. (OTCBB: BTEM) announced today that through their planned acquisition of Cryobanks International, Inc. (CII), BioStem will acquire nearly 9,000 internationally registered cord blood stem cell units presently being inventoried at their Altamore Springs, FL location. This represents one of the largest inventories of donated stem cell units in the world.
Upon the completion of the merger between Bio Stem, Inc. and Cryobanks International, Inc., Bio Stem, Inc. will indirectly own the inventory assets held by the Cryobanks. If and when cord blood units offered by Cryobanks are used for transplantation, Cryobanks receives $19,000 to $22,500 per unit in reimbursement.
Separately, Cryobanks has an inventory of approximately 3,000 additional stem cell units for research purposes that are available to major hospitals, universities and research centers for research designed to develop potential medical therapies. Cryobanks' corporate policy is to provide cord blood research units only for non-controversial and non-cosmetic purposes in keeping with Cryobanks' mission to participate in life enhancing and life saving, medically necessary therapies only. Cryobanks' inventory of stem cell units available for research is one of the largest such inventories in the world. These research units are not eligible for transplantation due to very strict government standards.
As described in previous releases by CII, over 35,000 American children and adults with life-threatening illnesses find themselves in need of a stem cell transplant each year, which may be accomplished through bone marrow transplantation or transplantation of stem cell units derived from cord blood (such as Cryobanks' inventory). That number grows to more than 150,000 annually worldwide. CII's aforementioned inventory stands as one of the largest inventories of cord blood stem cells in existence today.
Bio Stem, Inc. reports that the merger process with Cryobanks International, Inc. is progressing to its final stages as anticipated. Cryobanks previously announced a letter of intent to complete a $9.0 million financing, the closing of which is the last condition to be satisfied prior to moving forward with the merger process. The financing remains subject to completion of due diligence by the investment fund, and is at the funds sole discretion, and accordingly, the closing of neither the financing nor the merger can be assured. Additional releases capturing conclusive merger details are scheduled to be released in the near future.
-------------------- This year I invested in pumpkins. They've been goin' up the whole month of October and I've got a feeling they're going to peek right around January and BANG! That's when I'll cash in! Posts: 305 | From: connecticut | Registered: Nov 2004
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posted
Tri-State Capital Initiates Coverage On Bio Stem, Inc. Upgraded Equity Ratings Increasing Number of States Initiating Legislative Plans to Address Donation of Umbilical Cord Blood Bio Stem, Inc. (OTCBB: BTEM) which is to acquire Cryobanks International, Inc., is pleased to announce a well-respected firm, TRI-STATE Capital (TSC), has upgraded their equity rating on the Bio Stem Company. This strong upgrade comes at a time when a number of states have announced plans to address donation of umbilical cord blood. Currently, Cryobanks International, Inc. is experiencing record growth with over 15,000 cord blood units processed and more than 9,700 listed on international registries for transplant.
TSC is noted for their work with account executives, analysts, portfolio managers, institutions, venture capital investors, individual investors and the media. To view the entire independent research report, please click on the attached URL: http://www.otclive.comPosts: 83 | From: Tampa | Registered: Jun 2005
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posted
gm i just sold my shares at 1.70 made good money on this one the past 5 days thank you sherrit ,this one still looks good ill get back in when i see volume
-------------------- a huge fortune will arrive to you once again! Posts: 657 | From: brooklyn | Registered: Jun 2006
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posted
oh i didnt notice my sell its partial i still got 100 shares waiting to get fill at 1.70 , weird not gettign fill level 2 shows bidders at 1.71 ahahah lol 1.75 filled and i didnt?
-------------------- a huge fortune will arrive to you once again! Posts: 657 | From: brooklyn | Registered: Jun 2006
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posted
Be-a-utiful TEM bounce weee, still relatively no volume and these upticks are this easy...I love it
Posts: 679 | From: New York | Registered: Jan 2006
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Tri State Capital Places $3.40 Price Target on BTEM.OB BioStem, Inc. (OTCBB: BTEM), which is to acquire Cryobanks International, Inc., is pleased to announce that Tri State Capital (TSC) has placed a $3.40 price target on BTEM stock. As previously released, Tri State Capital has initiated coverage on BioStem, Inc. (OTCBB: BTEM) and merging company, Cryobanks International, Inc. Full independent research reports have been released online at http://www.otclive.com.
TSC is noted for their work with account executives, analysts, portfolio managers, institutions, venture capital investors, individual investors and the media. To view the entire independent research report, please click on the attached URL: http://www.otclive.com
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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