Cord Blood America, Inc. (CBAI.OB) Announces a 2300% Increase in Gross Profits
Cord Blood America is very pleased to announce its large profits for the first quarter of this year. Revenues increased 208% from $551,060 in the first quarter of 2006 to $1.698 Million in the first quarter of 2007. Gross profits experienced an even larger increase from $25,852 in the first quarter of 2006 to $599,255 in the first quarter of 2007, totaling for a 2300% gain. While the company grew, they greatly lowered costs by decreasing fees to directors, and by making cuts in labor and marketing. Through the changes Cord Blood decreased their loss from operations 145%. Matthew Scissler,…