BeaconEquity.com announces the publication of an article covering Cord Blood America’s decrease in secured debt, one of the three strong pillars needed to take the company to the next level.
Investors can view all of the investment articles for free by visiting: http://www.beaconequity.com/m
In the article the author writes:
“Umbilical cord blood stem cell preservation company Cord Blood America Inc. (OTCBB: CBAI), on its path to being able to operate on its cash flow, recently reported it has reduced its secured debt by a total of $4.194 million in the first five months of 2009. … Two months ago, the company announced it had decreased its debt by $1.75 million this year. Cord Blood America founder and CEO Matthew Schissler, expressing pleasure on how the company is progressing, said decreasing debt would be one of their significant items to focus on in 2009. According to Schissler, eliminating debt makes our financial balance sheet stronger and makes Cord Blood America a better investment.”
Besides debt reduction, Cord Blood America’s CEO states organic growth and acquisition needed to take the company to the next level:
“In a press release, Schissler said the latest announcement shows achievement in debt reduction, which he said is one of the three strong pillars needed to take the company to the next level - the other two are organic growth and acquisition. … Pushing organic growth forward, Schissler said the company's deferred revenues for the first quarter were up 20 %. For acquisitions, Schissler said the company is in the process of building or buying a stem cell laboratory for increased acquisition capacity and higher gross margin.”
To read the entire article visit http://www.beaconequity.com/m
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Source: BeaconEquity.com
Beacon Equity Research
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