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rise and shine GAS peeps!
morning doog! thats great! love both BWNR and TNRI
check out BWNR news out today
Letter to the Shareholders of Brownstone Resources Inc. on Corporate Update
Wednesday January 28, 9:34 am ET
To Our Shareholders:
TORONTO--(MARKET WIRE)--Jan 28, 2009 -- The management of Brownstone Resources (the "company") (Other OTC:BWNR.PK - News) is pleased to provide a corporate update to its shareholders.
ADVERTISEMENT
Brownstone recognizes that recent market conditions have made times extremely challenging for the junior exploration and resource companies and markets. In these turbulent times, junior mineral resource exploration companies must have well-located, quality projects; an appropriate strategy in place; and an experienced management team. Brownstone Resources has all of these. 2008 was a year of steady progress and accomplishment for Brownstone Resources as the company was able to deliver on its plans as proposed for the year.
The company successfully completed its earn in on the "LS Grande" (the "property") gold/silver/copper property, located in NE Arizona, and also fulfilled their obligations required for exploration expenditures. The company was also successful in implementing the "Phase One" exploration plan for property, which saw Brownstone complete the initially proposed drill program of the target area. The company is now awaiting the results of the drill program. While Brownstone intends to continue to focus on its LS Grande project the company is continuing to evaluate potential acquisition opportunities of undervalued attractive gold projects that could add to shareholder value. Brownstone Resources appreciates the support of its many shareholders, and we look forward to 2009 as a year of continued growth and achievement.
Brownstone Resources is a gold exploration company focused on creating value for shareholders by exploring and developing high-grade gold properties in North America. Details of Brownstone's projects are available on the Company's website at www.brownstoneresources.com.
Forward-Looking Statement
This news release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein.
Contact:
Contact:
Investor Relations
Brownstone Resources Inc.
866-365-4724
brownstone news out
BWNR Letter to the Shareholders of Brownstone Resources Inc. on Corporate Update
Wednesday January 28, 9:34 am ET
To Our Shareholders:
TORONTO--(MARKET WIRE)--Jan 28, 2009 -- The management of Brownstone Resources (the "company") (Other OTC:BWNR.PK - News) is pleased to provide a corporate update to its shareholders.
ADVERTISEMENT
Brownstone recognizes that recent market conditions have made times extremely challenging for the junior exploration and resource companies and markets. In these turbulent times, junior mineral resource exploration companies must have well-located, quality projects; an appropriate strategy in place; and an experienced management team. Brownstone Resources has all of these. 2008 was a year of steady progress and accomplishment for Brownstone Resources as the company was able to deliver on its plans as proposed for the year.
The company successfully completed its earn in on the "LS Grande" (the "property") gold/silver/copper property, located in NE Arizona, and also fulfilled their obligations required for exploration expenditures. The company was also successful in implementing the "Phase One" exploration plan for property, which saw Brownstone complete the initially proposed drill program of the target area. The company is now awaiting the results of the drill program. While Brownstone intends to continue to focus on its LS Grande project the company is continuing to evaluate potential acquisition opportunities of undervalued attractive gold projects that could add to shareholder value. Brownstone Resources appreciates the support of its many shareholders, and we look forward to 2009 as a year of continued growth and achievement.
Brownstone Resources is a gold exploration company focused on creating value for shareholders by exploring and developing high-grade gold properties in North America. Details of Brownstone's projects are available on the Company's website at www.brownstoneresources.com.
Forward-Looking Statement
This news release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein.
Contact:
Contact:
Investor Relations
Brownstone Resources Inc.
866-365-4724
news on BWNR
Letter to the Shareholders of Brownstone Resources Inc. on Corporate Update
Wednesday January 28, 9:34 am ET
To Our Shareholders:
TORONTO--(MARKET WIRE)--Jan 28, 2009 -- The management of Brownstone Resources (the "company") (Other OTC:BWNR.PK - News) is pleased to provide a corporate update to its shareholders.
ADVERTISEMENT
Brownstone recognizes that recent market conditions have made times extremely challenging for the junior exploration and resource companies and markets. In these turbulent times, junior mineral resource exploration companies must have well-located, quality projects; an appropriate strategy in place; and an experienced management team. Brownstone Resources has all of these. 2008 was a year of steady progress and accomplishment for Brownstone Resources as the company was able to deliver on its plans as proposed for the year.
The company successfully completed its earn in on the "LS Grande" (the "property") gold/silver/copper property, located in NE Arizona, and also fulfilled their obligations required for exploration expenditures. The company was also successful in implementing the "Phase One" exploration plan for property, which saw Brownstone complete the initially proposed drill program of the target area. The company is now awaiting the results of the drill program. While Brownstone intends to continue to focus on its LS Grande project the company is continuing to evaluate potential acquisition opportunities of undervalued attractive gold projects that could add to shareholder value. Brownstone Resources appreciates the support of its many shareholders, and we look forward to 2009 as a year of continued growth and achievement.
Brownstone Resources is a gold exploration company focused on creating value for shareholders by exploring and developing high-grade gold properties in North America. Details of Brownstone's projects are available on the Company's website at www.brownstoneresources.com.
Forward-Looking Statement
This news release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein.
Contact:
Contact:
Investor Relations
Brownstone Resources Inc.
866-365-4724
BWNR news out today
Letter to the Shareholders of Brownstone Resources Inc. on Corporate Update
Wednesday January 28, 9:34 am ET
To Our Shareholders:
TORONTO--(MARKET WIRE)--Jan 28, 2009 -- The management of Brownstone Resources (the "company") (Other OTC:BWNR.PK - News) is pleased to provide a corporate update to its shareholders.
ADVERTISEMENT
Brownstone recognizes that recent market conditions have made times extremely challenging for the junior exploration and resource companies and markets. In these turbulent times, junior mineral resource exploration companies must have well-located, quality projects; an appropriate strategy in place; and an experienced management team. Brownstone Resources has all of these. 2008 was a year of steady progress and accomplishment for Brownstone Resources as the company was able to deliver on its plans as proposed for the year.
The company successfully completed its earn in on the "LS Grande" (the "property") gold/silver/copper property, located in NE Arizona, and also fulfilled their obligations required for exploration expenditures. The company was also successful in implementing the "Phase One" exploration plan for property, which saw Brownstone complete the initially proposed drill program of the target area. The company is now awaiting the results of the drill program. While Brownstone intends to continue to focus on its LS Grande project the company is continuing to evaluate potential acquisition opportunities of undervalued attractive gold projects that could add to shareholder value. Brownstone Resources appreciates the support of its many shareholders, and we look forward to 2009 as a year of continued growth and achievement.
Brownstone Resources is a gold exploration company focused on creating value for shareholders by exploring and developing high-grade gold properties in North America. Details of Brownstone's projects are available on the Company's website at www.brownstoneresources.com.
Forward-Looking Statement
This news release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein.
Contact:
Contact:
Investor Relations
Brownstone Resources Inc.
866-365-4724
BWNR news out today
Letter to the Shareholders of Brownstone Resources Inc. on Corporate Update
Wednesday January 28, 9:34 am ET
To Our Shareholders:
TORONTO--(MARKET WIRE)--Jan 28, 2009 -- The management of Brownstone Resources (the "company") (Other OTC:BWNR.PK - News) is pleased to provide a corporate update to its shareholders.
ADVERTISEMENT
Brownstone recognizes that recent market conditions have made times extremely challenging for the junior exploration and resource companies and markets. In these turbulent times, junior mineral resource exploration companies must have well-located, quality projects; an appropriate strategy in place; and an experienced management team. Brownstone Resources has all of these. 2008 was a year of steady progress and accomplishment for Brownstone Resources as the company was able to deliver on its plans as proposed for the year.
The company successfully completed its earn in on the "LS Grande" (the "property") gold/silver/copper property, located in NE Arizona, and also fulfilled their obligations required for exploration expenditures. The company was also successful in implementing the "Phase One" exploration plan for property, which saw Brownstone complete the initially proposed drill program of the target area. The company is now awaiting the results of the drill program. While Brownstone intends to continue to focus on its LS Grande project the company is continuing to evaluate potential acquisition opportunities of undervalued attractive gold projects that could add to shareholder value. Brownstone Resources appreciates the support of its many shareholders, and we look forward to 2009 as a year of continued growth and achievement.
Brownstone Resources is a gold exploration company focused on creating value for shareholders by exploring and developing high-grade gold properties in North America. Details of Brownstone's projects are available on the Company's website at www.brownstoneresources.com.
Forward-Looking Statement
This news release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein.
Contact:
Contact:
Investor Relations
Brownstone Resources Inc.
866-365-4724
at least some positive news!
for sure! BWNR running today as well as CBAI! EESO doing great too
CBAI's l2
CBAI on the move
check out with the wiseman!
thats hot!
green and pink!
morning breakoutinvestmets! for sure love the greens
BWNR on the move up by 25 points
good day tanaka! great run for TNRI yesterday, BWNR getting ready to rock!
EESO all greens for more than 3 weeks now! super hot! BWNR ready for a blast!
good day eur06! another day for TNRI, lets wait and see
thats even better than whats being expected. GO TNRI!
nice run for TNRI yesterday! over 53 million shares traded..
TNRI nice moves yesterday up by 100 points. waiting for BWNR to blast! CBAI did great too
morning bob! nice run for TNRI yesterday! today BWNR is on its way up again
rise and shine doog! im in whenever theres green! still with BWNR, TNRI, CBAI
morning soldier! thanks for the news link!
good day globalstockadvice! love your name very interesting! my eyes still on BWNR today!
BWNR still on my radar today
U.S. futures point to higher open, driven by banks
By Barbara Kollmeyer, MarketWatch
Last update: 8:15 a.m. EST Jan. 28, 2009Comments: 157LONDON (MarketWatch) -- U.S. stock futures pointed to a strong start for Wall Street on Wednesday led by financials after a report the Obama administration is nearing a deal to buy illiquid or bad assets from banking firms, while markets were also focused on a Federal Reserve meeting.
Financial stocks were up across Europe as well as a result.
S&P 500 futures (SPY:SPDR S&P 500 ETF SPY 84.53, +0.85, +1.0%) rose 22 points to 861.20 and Nasdaq 100 futures (QQQQ:PowerShares QQQ
QQQQ 29.32, +0.21, +0.7%) added 28.25 points to 1,214.00. Dow industrial futures (DIA:Dow Diamonds ETF DIA 81.51, +0.44, +0.5%) added 149 points.
U.S. markets closed higher on Tuesday, wading through a heavy schedule of earnings results and taking cheer from a surprisingly positive report on the housing market. The Dow Jones Industrial Average rose 58.7 points, the S&P 500 rose 9.14 points and the Nasdaq Composite added 15.44 points.
But banks took the stage late in the day. After the close of trade, CNBC reported that Obama was nearing a "bad bank" plan and Bloomberg News reported on Wednesday that the Federal Deposit Insurance Corp. may manage the plan. Some estimates are that the government could take on $1 trillion of bad assets.
Traders sold the dollar and the yen on reports of the plan, and also left the safe haven of gold, where futures tumbled $13 to $886.50 an ounce.
Citigroup (C:Citigroup, Inc
C 3.55, +0.22, +6.6%) surged 21% in pre-open deals and Bank of America (BAC:bank of america corporation com BAC 6.50, +0.50, +8.3%) rose 19%.
Wells Fargo (WFC:Wells Fargo & Company WFC 16.19, +0.71, +4.6%) , which reported a $2.55 billion quarterly loss and said Wachovia's quarterly loss was over $11 billion, rose over 15% in pre-market trade. Wells Fargo is maintaining a 34 cents a share dividend.
Barclays (BCS:Barclays PLC BCS 5.21, +0.11, +2.2%) was one of several European lenders to advance, with the U.K. bank rallying 21% in pre-market trade. The pan-European Dow Jones Stoxx 600 advanced 2.1%.
Asia shares were trading higher with indexes in South Korea and Singapore posting catch-up gains after a long holiday break.
Another focus for U.S. markets Wednesday will be the U.S. Federal Reserve meeting, with a statement due at 2:15 p.m. Eastern. Some economists are calling for the Fed to push the Federal funds rate -- already effectively at zero - deeper into negative territory. They want the Fed to demonstrate it's pulling out all the stops on the economy.
"The Fed's job is going to be to convince markets and the broader public that they can still support the economy ... even with the funds rate at zero," said Al Broaddus, the former president of the Richmond Fed, in a television interview.
Elsewhere, General Electric (GE:General Electric Company
GE 13.06, +0.64, +5.2%) was flat as Moody's Investors Service moved a step closer to downgrading its Triple-A credit rating, which is vital for the group's financial arm.
Of high-profile earnings, Boeing (BA:Boeing Co. BA 43.22, +0.21, +0.5%) swung to a $56 million loss after a strike, while AT&T's (T:AT&T Inc T 25.93, -0.90, -3.3%) profit dropped 23% to edge just under analyst estimates.
Legg Mason (LM:Legg Mason, Inc LM 19.44, +0.46, +2.4%) shares dropped 20% after reporting a $1.4 billion loss.
At 10:30 a.m. Eastern, weekly energy inventories will be released. Crude-oil futures slipped 20 cents a barrel.
Barbara Kollmeyer is an editor for MarketWatch in Madrid. Steve Goldstein contributed to this article.
morning doog!
morning daytraders!
'Global gold production is worth $3.5 trillion'
2009-01-28 10:25:00
http://www.commodityonline.com/news/Global-gold-production-is-worth-$35-trillion-14593-3-1.html
How realistic is a North American currency?
Commentary: Uniting U.S., Canada, Mexico money could result from crisis
By Todd Harrison
Last update: 6:12 a.m. EST Jan. 28, 2009Comments: 130"World, hold on. Instead of messing with our future, open up inside." -- Bob Sinclair
NEW YORK (MarketWatch) -- Thomas Jefferson once said: "When you reach the end of your rope, tie a knot in it and hang on." As the global financial system pushes on a string, investors are desperately trying to hold tight.
The New World Order is upon us, full of hope, promise and a fair amount of fear. In our recent discussion regarding the direction of our country, we noted the risks of catering to conventional wisdom and the implications for the U.S. dollar. See MarketWatch column on New World Order.
The Minyanville mantra is to provide financial news you need to know before you know you need it. That's a fine line to walk, as foresight often flies in the face of mainstream acceptance.
In 2006, it seemed counterintuitive to forecast a "prolonged socioeconomic malaise entirely more depressing than a recession." See Minyanville column.
For years, the notion of an "invisible hand" was conspiracy theory until we learned that the Working Group on Financial Markets was a central policy tool. See Minyanville column.
And now, as we gaze across our historically significant horizon, we must open our minds to thoughts and ideas that may seem foreign to folks conditioned by the past and stunned by the present.
Currency crossroads
As governments take on more risk -- as they price assets on behalf of the market and transfer debt from private to public -- the common denominator, or release valve, becomes the currency.
If our economic condition is allowed to take medicine in the form of debt destruction, the greenback will appreciate, and asset classes as a whole will deflate. If we continue to inject drugs that mask symptoms rather than address the disease, the likelihood of a seismic readjustment increases in kind.
The deflationary forces in the marketplace are pervasive, and the "other side" of our current equation, hyperinflation, may be years away. Given the magnitude, breadth and pace of the global financial epidemic, however, we must explore each side of the twisted ride.
Years ago, the Federal Reserve wrote a "solution paper" regarding the need to combat zero-bound interest rates. The concern was the flight of capital from the U.S. and an option discussed was a two-tiered currency, one for U.S citizens and one for foreigners.
Canadian economist Herbert Grubel first introduced a potential manifestation of this concept in 1999. The North American Currency -- called the "Amero" in select circles -- would effectively comingle the Canadian dollar, U.S. dollar and Mexican peso.
On its face, while difficult to imagine, it makes intuitive sense. The ability to combine Canadian natural resources, American ingenuity and cheap Mexican labor would allow North America to compete better on a global stage.
Experience has taught us, however, that perceived solutions introduced by policy makers and politicians don't always have the desired effect.
Unintended consequences
I've long contended that, much like the Internet prophecy proved true -- but not before the tech crash -- so too would globalization, albeit not without painful-yet-necessary debt destruction.
To get through this, we need to go through this. If we're not allowed to go through it, foreigners will seek alternative avenues. Remember, for holders of dollar-denominated assets, seeds of discontent have been sowing under the surface for years, with the greenback off 30% since 2002.
More likely than not, global leaders will watch how our new administration attempts to tackle the financial crisis before taking drastic steps. They understand that co-dependent risk exists as a function of the derivatives that interweave our financial infrastructure. If they could disassociate from our economic ecosystem without inflicting massive damage on themselves, they would have done so long ago.
If forward policy attempts to induce more debt rather than allowing savings and obligations to align, we must respect the potential for a system shock. We may need to let a two-tier currency gain traction if the dollar meaningfully debases from current levels.
If this dynamic plays out -- and I've got no insight that it will -- the global balance of powers would fragment into four primary regions: North America, Europe, Asia and the Middle East. In such a scenario, ramifications would manifest through social unrest and geopolitical conflict.
This particular path isn't something one would wish for, but the cumulative imbalances that steadily built in our finance-based economy must be resolved one way or another. Therein lies the critical crossroads we together face as our wary world attempts to find its way.
Scary? Yes. Probable? Not so much, at least for the time being. Possible? Certainly, although I'll again offer that it could take years before the pieces of this prickly puzzle fall into place.
Effective money management dictates weighing the entire probability spectrum of potential outcomes and factoring them into our decision making process. While the notion of a seismic currency shift may seem obscure, we must respect the possibility long before it becomes front-page news.
For if we've learned anything through the last few years, proactive thought provocation is a necessary precursor to effective preparedness.
morning loungers!
rise and shine GAS peeps!
Gold takes a rest
Commentary: Gold's short-term trend likely to be down
By Mark Hulbert, MarketWatch
Last update: 11:05 p.m. EST Jan. 27, 2009Comments: 94ANNANDALE, Va. (MarketWatch) -- Gold certainly deserved a rest Wednesday.
After all, it had mounted an impressive rally over the previous two weeks, gaining some $100 per ounce. So we can definitely excuse gold bullion (38099902:Gold - Afternoon Fix (Source N M Rothschild) 38099902 897.50, +897.50, 0.0%) for forfeiting $9 in Wednesday trading.
The more crucial question, however, is whether the decline was merely the pause that refreshes, or the beginning of a more serious drop.
Unfortunately for those hoping gold's recent rally to continue, the conclusion of contrarian analysis is that the metal's short-term trend is more likely to be down.
Consider the latest readings of the Hulbert Gold Newsletter Sentiment Index (HGNSI), which reflects the average recommended gold-market exposure among a subset of short-term gold-timing newsletters tracked by the Hulbert Financial Digest. As of Tuesday night, the HGNSI stood at 60.9%.
This is identical to where the HGNSI stood at the end of December, when I last devoted a column to gold sentiment. ( Read my Dec. 29 column.)
Over the two weeks following that column, of course, bullion dropped by around $70 an ounce.
Contrarian concern about gold's short-term trend isn't just based on this one data point, however. I have more than 25 years of daily data for the HGNSI, and rigorous econometric tests show that the inverse correlation between HGNSI levels and the gold market's subsequent short-term direction is statistically significant at the 95% confidence level.
This is why the HGNSI's current level is so ominous.
To put it in context, consider that this sentiment gauge's average reading over the last five years has been 32.6%, only slightly more than half where it stands now. Over the last five years, furthermore, the HGNSI has been higher than where it is now just 13% of the time.
This does not mean gold can't go higher from here. But it does suggest that the odds are against it doing so.
Lest I incur undeserved gold-bug wrath by writing that, let me hasten to add that this bearish conclusion applies to just the next several weeks. Sentiment affects the short-term trend of the market, not the long term.
So my conclusion is entirely consistent with gold being in a major, long-term bull market.
But even if it is, the implication of my contrarian analysis is that gold is not ready, at this very moment, to commence on that march upward.
Mark Hulbert is the founder of Hulbert Financial Digest in Annandale, Va. He has been tracking the advice of more than 160 financial newsletters since 1980.
morning breakout!
CBAI still looking hot, news out! pps moving at .0095
CBAI up by 35 points today!
check out CBAI! news out today
With the Embryonic Stem Cell Trial Cleared by the FDA as a Key Indicator, Cord Blood America Announces Expansion Plans for Its Stem Cell Storage Program
Tuesday January 27, 9:35 am ET
More Stem Cell Agenda News Expected From the Obama Administration This Week
SANTA MONICA, CA--(MARKET WIRE)--Jan 27, 2009 -- Cord Blood America, Inc. (OTC BB:CBAI.OB - News), the umbilical cord blood stem cell preservation company (http://www.cordblood-america.com) focused on bringing the life saving potential of stem cells to families nationwide and internationally, said today that it intends a rapid expansion of its health insurance partnership program to new geographies in 2009. This announcement from Cord Blood America comes on the heels of last week's announcement that the Food and Drug Administration and the U.S. government will allow the world's first test in people of a therapy derived from human embryonic stem cells. For more information, see the social media news room at http://www.intelligendo.com.
ADVERTISEMENT
Founder and CEO Matthew Schissler, in reviewing the domestic stem cell industry, predicts that 2009 will be an excellent, milestone year for stem cell storage companies, including CBAI. "Now is the right time. We have focused our business on three primary locations for several years, developing deep relationships with health insurance providers to become their recommended source for storage of umbilical cord blood stem cells."
Mr. Schissler says Cord Blood America's stem cell storage subsidiary, CorCell, will attempt to enter into contracts with two or three more geographic health insurance providers, which would double the company's current health insurance provider base.
"With a national health insurance plan and stem cell agenda as two of the primary topics from the new administration, we see a marriage of the insurance companies possibly paying for stem cell storage on the horizon, even if it is on a limited basis for high risk families. By developing the insurance sales channel, we feel we are positioning ourselves for long term success in becoming a globally dominant stem cell storage company."
Mr. Schissler went on to say that the growth will have limited cost because all infrastructure needed has been put into place over the course of many years.
CBAI has a history of being able to finance its growth, with the most recent funding of $4 million transacting in July of 2008. "With a very low cash burn, we feel we're well financed for the next few years," Schissler commented. "We'll use this time to get cash flow positive and reduce debt while growing both organically and through accretive acquisitions."
The company also is reporting tremendous success in engaging its clients, prospective clients, shareholders and prospective investors via social media with the help and intuition of NetGenPR (www.netgenpr.com). Cord Blood America is currently on Twitter, Facebook and Intelligendo, and soon to be available on FriendFeed. Cord Blood America's address on Twitter is http://www.twitter.com/cbai. "The conversation has begun. Groups from all over are discussing the impact of stem cells on every day life. We're glad we can lead and moderate this information, while trying to be a stem cell company of the people."
As previously reported, from 2003 to 2007, CBAI focused on growth. In 2008, the Company changed its tactics attempting to de-lever the company while becoming purely a stem cell storage company, and in the process de-emphasizing its non-core family advertising business.
As such, Cord Blood America has reported through first nine months:
-- Gross profits for the first nine months have increased to $1.8 million,
a 54 percent margin, compared to a 42 percent margin in 2007.
-- SGA is down nearly $900,000, a 23 percent savings.
-- Loss from operations is down nearly 20 percent.
-- Loss per share is down 60 percent, from 0.05 to 0.02.
"We believe 2009 to be a turning point year for CBAI. We're excited to get going," Mr. Schissler concluded.
Cord Blood America is the parent company of CorCell, 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 potentially life-saving resource for treating a growing number of ailments, including cancer, leukemia, blood, and immune disorders. To find out more about Cord Blood America, Inc., visit our website at http://www.corcell.com/. For investor information, visit http://www.cordblood-america.com/. To see our social media news room go to http://www.intelligendo.com
Contact:
CBAI With the Embryonic Stem Cell Trial Cleared by the FDA as a Key Indicator, Cord Blood America Announces Expansion Plans for Its Stem Cell Storage Program
Tuesday January 27, 9:35 am ET
More Stem Cell Agenda News Expected From the Obama Administration This Week
SANTA MONICA, CA--(MARKET WIRE)--Jan 27, 2009 -- Cord Blood America, Inc. (OTC BB:CBAI.OB - News), the umbilical cord blood stem cell preservation company (http://www.cordblood-america.com) focused on bringing the life saving potential of stem cells to families nationwide and internationally, said today that it intends a rapid expansion of its health insurance partnership program to new geographies in 2009. This announcement from Cord Blood America comes on the heels of last week's announcement that the Food and Drug Administration and the U.S. government will allow the world's first test in people of a therapy derived from human embryonic stem cells. For more information, see the social media news room at http://www.intelligendo.com.
ADVERTISEMENT
Founder and CEO Matthew Schissler, in reviewing the domestic stem cell industry, predicts that 2009 will be an excellent, milestone year for stem cell storage companies, including CBAI. "Now is the right time. We have focused our business on three primary locations for several years, developing deep relationships with health insurance providers to become their recommended source for storage of umbilical cord blood stem cells."
Mr. Schissler says Cord Blood America's stem cell storage subsidiary, CorCell, will attempt to enter into contracts with two or three more geographic health insurance providers, which would double the company's current health insurance provider base.
"With a national health insurance plan and stem cell agenda as two of the primary topics from the new administration, we see a marriage of the insurance companies possibly paying for stem cell storage on the horizon, even if it is on a limited basis for high risk families. By developing the insurance sales channel, we feel we are positioning ourselves for long term success in becoming a globally dominant stem cell storage company."
Mr. Schissler went on to say that the growth will have limited cost because all infrastructure needed has been put into place over the course of many years.
CBAI has a history of being able to finance its growth, with the most recent funding of $4 million transacting in July of 2008. "With a very low cash burn, we feel we're well financed for the next few years," Schissler commented. "We'll use this time to get cash flow positive and reduce debt while growing both organically and through accretive acquisitions."
The company also is reporting tremendous success in engaging its clients, prospective clients, shareholders and prospective investors via social media with the help and intuition of NetGenPR (www.netgenpr.com). Cord Blood America is currently on Twitter, Facebook and Intelligendo, and soon to be available on FriendFeed. Cord Blood America's address on Twitter is http://www.twitter.com/cbai. "The conversation has begun. Groups from all over are discussing the impact of stem cells on every day life. We're glad we can lead and moderate this information, while trying to be a stem cell company of the people."
As previously reported, from 2003 to 2007, CBAI focused on growth. In 2008, the Company changed its tactics attempting to de-lever the company while becoming purely a stem cell storage company, and in the process de-emphasizing its non-core family advertising business.
As such, Cord Blood America has reported through first nine months:
-- Gross profits for the first nine months have increased to $1.8 million,
a 54 percent margin, compared to a 42 percent margin in 2007.
-- SGA is down nearly $900,000, a 23 percent savings.
-- Loss from operations is down nearly 20 percent.
-- Loss per share is down 60 percent, from 0.05 to 0.02.
"We believe 2009 to be a turning point year for CBAI. We're excited to get going," Mr. Schissler concluded.
Cord Blood America is the parent company of CorCell, 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 potentially life-saving resource for treating a growing number of ailments, including cancer, leukemia, blood, and immune disorders. To find out more about Cord Blood America, Inc., visit our website at http://www.corcell.com/. For investor information, visit http://www.cordblood-america.com/. To see our social media news room go to http://www.intelligendo.com
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