Cord Blood America’s Argentina Company, BioCells, Opens Franchise in Brazil
LAS VEGAS and SAO PAULO, Brazil, Jan. 9, 2012 /PRNewswire/ — Cord Blood America, Inc. (http://www.cordblood-america.com) (OTC Bulletin Board: CBAI), the umbilical cord blood stem cell preservation company focused on bringing the life saving potential of stem cells to families nationwide and internationally, announced today that Biocordcell Argentina S.A. (BioCells, Inc.) is opening a new franchise headquartered in Campinas, Brazil, a city of more than one million in the state of Sao Paulo.
“BioCells is confident that this franchise will open 20 offices in its first year. We are very pleased with this expansion and this allows us to diversify our revenue stream and to bring the insurance policy of storing stem cells at birth to more people in South America,” said Diego Rissola, President of BioCells, Inc.
Cord Blood America purchased 50.1 percent, or controlling interest, in BioCells, Inc. in September 2010. “BioCells has been a great success, accounting for approximately thirty percent of our revenues in the third quarter of 2011, and we salute their efforts to continue to grow,” said Matthew Schissler, Cord Blood America CEO and co-founder.
About Cord Blood America
Cord Blood America 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., visit our website at http://www.corcell.com/. For investor information, visit http://www.cordblood-america.com/.
E & E Communications
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.
SOURCE Cord Blood America