DALLAS, Nov. 9, 2009 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring Cord Blood America Inc. (OTCBB:CBAI - News) The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The investment report on Cord Blood America Inc. (OTCBB:CBAI - News) should be of particular interest to medical laboratories & research companies: Perkin Elmer Inc. (NYSE:PKI - News), CYRO-CELL International (OTCBB:CCEL - News) and Lifebank Corporation (CDNX:LBK - News).
The report is available at: http://www.beaconequity.com/i/CBAI
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Cord Blood America Inc. (CBAI) is engaged in the business of collecting, testing, processing and preserving umbilical cord blood. The Company is primarily a holding company whose subsidiaries include Cord Partners Inc. (Cord), CorCell Co. Inc., CorCell Ltd., CBA Professional Services Inc. D/B/A BodyCells Inc. (BodyCells), CBA Properties Inc. (Properties), Career Channel Inc., D/B/A Rainmakers International (Rain), and Family Marketing Inc. (Family).
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In the report, the analyst notes:
"CBAI has experienced net losses of $3.6 million and $3.7 million for the six months ended June 30, 2009, and 2008, respectively. At June 30, 2009, it had $324,549 in cash. CBAI currently collects cash receipts from operations through both of its subsidiaries: Cord and Rain.
"The Company hopes to be able to obtain additional financing to fund operations through equity offerings and borrowings to the extent necessary to provide the necessary working capital. Financing may not be available, and, if available, it may not be available on acceptable terms. Should CBAI secure such financing, it could have a negative impact on the Company's financial condition and its shareholders."
To read the entire report visit: http://www.beaconequity.com/i/CBAI
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Beacon Equity Research
Jeff Bishop
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