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In an interview yesterday with analyst Francis Gaskins, the Founder and CEO of Cord Blood America, Inc. (CBAI), Matthew Schissler, commented on the Company's new headquarters at a 17,000 square foot facility in Las Vegas. Mr. Schissler said that the Company is now operating day to day operations from its new headquarters, and the purchase of laboratory equipment has begun and is in process of being set up and readied for validation. The Company expects the first of its cryogenic tanks for storage to begin arriving in December and anticipates a final count of 20-25 tanks to be installed and storing umbilical cord blood stem cells by the end of January. Mr. Schissler explained in the interview, "We expect to begin processing and storing stems cells no later than January 31, but it will most likely be sooner than that." He added, "Once we begin processing and storing stem cells, we will eliminate the need for outsourced laboratory services. This will significantly reduce our costs of goods sold." Mr. Schissler explained, "In addition to processing and storing umbilical cord blood stem cells, we are entertaining a number of opportunities that include process and storage of different stem sells and tissues and research projects. We don't want to be considered as just a cord blood company, but we want to be considered as a biologics company." He concluded, "We have turned the corner and put ourselves in the position to become a top-three global cord blood company. We believe that we will become a dominant global storage company through organic growth, accretive acquisitions and fiscal responsibility." KNOBIAS DISCLAIMER: All statements made in this article were made by the Company and do not in any way reflect the opinions of Knobias. Knobias is not a registered broker-dealer, nor investment advisor, and does not endorse or recommend any securities mentioned. This story is provided for informational purposes only and is not intended for trading purposes. Knobias shall not be liable for any actions taken in reliance of any information provided herein. Republication or redistribution of Knobias content is expressly prohibited without prior written consent of Knobias.com, LLC. ABOUT KNOBIAS: Knobias is a premier financial information provider of trading and investing data covering all U.S. equities for investors and security professionals. Knobias is best described by its three major components: Real-time desktop applications providing quotes, charts, level 2, analysis etc.; Knobias RAiDAR providing thousands of real-time news stories, alerts and documents daily; Knobias fundamentals providing a comprehensive database of fundamental research information. If your company wishes to participate in the EventX newswire, please contact Knobias: http://www.knobias.com Knobias.com, LLC 601-978-3399 601-978-3675 info@knobias.com www.knobias.com/cmtx For full details for CBAI click here.
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