Cord Blood America, Inc. (CBAI.OB) Reports a 500% Increase in Customers and Strong Organic Growth
Cord Blood America, Inc. announced this morning that the number of customers who have preserved cord blood at the Company’s modern storage facilities has increased 500%. To bring this huge increase in perspective, Cord Blood America pointed out that it had approximately 3,000 customers on December 31, 2006, but as of December 31, 2007 the Company has more than 18,000 customers. Because the cord blood must be stored at optimal conditions, Cord Blood America is able to generate recurring revenue. Each customer pays an average yearly storage fee of about $100. When a parent decides to store their child’s potentially…