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WASHINGTON (Reuters) – President Barack Obama announced a plan on Wednesday to spend $5 billion on medical and scientific research, medical supplies and upgrading laboratory capacity, which he said would create tens of thousands of new jobs.

The funds, to come from the $787 billion economic stimulus package, will pay for "cutting-edge medical research in every state across America," the White House said.

One billion dollars will go to research into the genetic causes of cancer and potential targeted treatments.

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Posts: 399 | From: Dubai | UAE | Registered: Sep 2005  |  IP: Logged | 

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LAS VEGAS, Oct. 2 /PRNewswire-FirstCall/ -- Cord Blood America, Inc. (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, to families nationwide and internationally, said today that it has retired a note, principal amount $160,000, in its continuing effort to reduce debt.

The convertible debenture was held by Tangiers Investors, LP, San Diego, California. "We told our stakeholders and potential investors that a major effort would be made throughout this year to reduce debt and strengthen our balance sheet. This is another example of fulfilling that commitment," said Matthew Schissler, co-founder and CEO.

Cord Blood America previously announced that, through August of 2009, it had reduced its secured debt by $6.6 million.

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Let's see what'll happen. I'm still ready for some excitement!

Posts: 399 | From: Dubai | UAE | Registered: Sep 2005  |  IP: Logged | 

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LAS VEGAS, Oct. 5 /PRNewswire-FirstCall/ -- Cord Blood America, Inc. (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, to families nationwide and internationally, said today that it has retired three more significant debts with originally issued principal amounts of $212,959, $250,000 and $285,000.

On October 2, the Company announced retirement of a $160,000 note.

The $212,959 and $250,000 notes were signed in 2007 with CorCell, Inc., which became Cord Blood America's operating unit, CorCell Companies, Inc., and were purchased by JMJ Financial. The $285,000 note was originally signed in August 2006 with Strategic Working Capital and subsequently purchased by JMJ Financial. All three notes were retired by September 30, 2009.

"A major effort has been made this year to reduce debt and strengthen our balance sheet for our future and our shareholders' future. We are proud of these accomplishments," said Matthew Schissler, co-founder and CEO.

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Just the question, where's this money coming from?

Posts: 399 | From: Dubai | UAE | Registered: Sep 2005  |  IP: Logged |