Cord Blood America, Inc. Announces Launch of Professional Services Practice
Cord Blood America, parent company of Cord Partners, a family cord blood preservation company, announced today that it has launched Cord Blood America Professional Services (CBA Professional Services), a wholly owned subsidiary of Cord Blood America. The CBA Professional Services division will be responsible for developing franchise agreements across the United States and around the globe. In addition, CBA Professional Services will create business-to-business sales channels for promoting umbilical cord blood collection and storage.
Los Angeles, CA (PRWEB) March 2, 2005 -- Cord Blood America, parent company
of Cord Partners, a family cord blood preservation company, announced today that
it has launched Cord Blood America Professional Services (CBA Professional
Services), a wholly owned subsidiary of Cord Blood America. The CBA Professional
Services division will be responsible for developing franchise agreements across
the United States and around the globe. In addition, CBA Professional Services
will create business-to-business sales channels for promoting umbilical cord
blood collection and storage.
Currently, CBA Professional Services has
two business unit operations, one in Miami, FL, and the other in Raleigh, NC.
These we re-organized from Cord Partners, Inc. to CBA Professional Services as
of the business launch of February 8, 2005.
“Creating CBA Professional
Services strongly supports our unwavering commitment to being the most respected
Cord Blood stem cell banking facility in the world,” said Matthew L. Schissler,
Chairman & CEO of Cord Blood America. “Creating a business-to-business sales
force, which will target healthcare professionals and influencers in the
pregnancy industry, adds a complete new business line to our current
direct-to-consumer model.”
About Cord Blood America
Cord Blood
America (NASDAQ 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. For more information on how this precious
lifeline can benefit your family, visit http://www.cordpartners.com. For investor information, visit
http://www.cordblood-america.com.
In addition to
meeting the new Food and Drug Administration (FDA) standards that will take
effect in May 2005, Cord Partners’ partner laboratory holds the following
licenses and certificates of accreditation:
• Health Care Finance
Administration Certificate (Clinical Laboratory Improvement Act of 1988)
•
Nuclear Regulatory Commission License Accreditation by the American Association
of Blood Banks
• Accreditation by the American Society of Histocompatibility
and Immunogenetics
• New Jersey State Department of Health Clinical
Laboratory and Blood Bank licenses
• New York State Department of Health
licenses for collection, testing processing and distribution of donated blood
and blood products.
• Licensed by PharmaStem Therapeutics, the organization
that holds the patents to stem cell preservation
techniques.
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.
Premier Funding & Financial Marketing Services LLC.
Kelly Black,
President
480 649-8224 or e-mail e-mail protected from spam bots
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Source : http://www.prweb.com/releases/2005/3/prweb214082.htm