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BCCI: For more information on this fascinating concept at www.baristas.tv
BCCI: Thomas E. Metzger - FMP
Chief Operating Officer Tom has served as Chief Executive Officer / President / Chief Operating Officer of (6) six / hotel restaurant companies over several years. His executive experience includes the development of many national food service brands, notably Wolfgang Puck, Sizzler Steakhouse, Kenny Rogers Roasters, Boston Market, Cinnabon, and Wendy’s International. He has broad and uniquely varied experience. He has a special understanding and expertise in all aspects of the food service and hospitality business including strategic planning, concept development, construction ground-up, kiosks, in-line, non-traditional development & hotels, securing financing, financial management, contract management, operations, human resources, marketing, franchising and real estate development. He posesses a strong operational and administrative background focusing on growth companies. Tom also has a Master of Science from LaSalle University.
BCCI: Thomas E. Metzger - FMP
Chief Operating Officer Tom has served as Chief Executive Officer / President / Chief Operating Officer of (6) six / hotel restaurant companies over several years. His executive experience includes the development of many national food service brands, notably Wolfgang Puck, Sizzler Steakhouse, Kenny Rogers Roasters, Boston Market, Cinnabon, and Wendy’s International. He has broad and uniquely varied experience. He has a special understanding and expertise in all aspects of the food service and hospitality business including strategic planning, concept development, construction ground-up, kiosks, in-line, non-traditional development & hotels, securing financing, financial management, contract management, operations, human resources, marketing, franchising and real estate development. He posesses a strong operational and administrative background focusing on growth companies. Tom also has a Master of Science from LaSalle University.
BCCI: For more information on this fascinating concept at www.baristas.tv
Seriously...BCCI is a legitimate company with legitimate products.... Look at the website I posted earlier. Nice try though.
BCCI Board members:Barry Henthorn
Chief Executive Officer and Chairman of the Board Barry has a long history in founding and funding start-up and emerging stage companies, providing business guidance to them on general business matters including but not limited to the review of financing options, introduction to third parties, communications with existing or potential customers, manufacturing processes, Corporate Web / IT services, and market research. He is a pioneer in the development and marketing of telecommunications technologies. In 1990, Barry founded and served as CEO of Emerald City Telecommunications, which clarified the definition of private telecommunications networks. While continuing to develop this technology in 1992, he formed Emerald City Cellular, and introduced the "free cellular phone" to the cellular market which revolutionized the way Cellular phones were distributed worldwide. The two companies merged to create Innovative Communications Technologies, which creates and markets a variety of communications technologies. Barry served as the CEO of ICT and the creator of its new Global Private Telecommunications Networks. Barry founded ReelTime.com, a leading internet streaming media video-delivery technology company. Not only was he the co-creator of the core technology, but served as its CEO from 2004-2009. Barry has also sat on advisory boards for numerous US corporations in a variety of industries including aerospace, law, accounting, international trade, espresso machine manufacturing, and travel. Barry continues to contribute to a fresh viewpoint and vision towards the future.
Troy Scott Steciw
President and Director Scott has been involved in virtually every aspect of the construction industry for nearly 20 years. From Laborer to Designer of High Rise Buildings and Developer of over 40 Townhomes, Mr. Steciw has the capacity to understand the viability of acquisitions, the ability to raise capital to get projects out of the ground, and a track record of getting deals done. He is currently a Partner in a property located in downtown Seattle planned for a mixed use project with over 9,000 gsf of retail space and 130 residential units. As a professional consultant to the building design industry, he has held over 100 power point presentations to the industry, presenting to audiences from 10 to over 200 people. Mr. Steciw has a Bachelor of Science Degree in Business Management from Boston University.
Thomas E. Metzger - FMP
Chief Operating Officer Tom has served as Chief Executive Officer / President / Chief Operating Officer of (6) six / hotel restaurant companies over several years. His executive experience includes the development of many national food service brands, notably Wolfgang Puck, Sizzler Steakhouse, Kenny Rogers Roasters, Boston Market, Cinnabon, and Wendy’s International. He has broad and uniquely varied experience. He has a special understanding and expertise in all aspects of the food service and hospitality business including strategic planning, concept development, construction ground-up, kiosks, in-line, non-traditional development & hotels, securing financing, financial management, contract management, operations, human resources, marketing, franchising and real estate development. He posesses a strong operational and administrative background focusing on growth companies. Tom also has a Master of Science from LaSalle University.
Robert Palmer Jr.
For thirty years Robert Palmer has specialized in franchising, licensing and other multi-unit operations. In addition to his own brands his franchisor clients have ranged from nationally known giants to practicing attorneys and home care franchising companies. Mr. Palmer is known as a “high volume” sales producer and continues to do so on a regular basis. He is also known for producing high quality marketing and sales literature that produces results for the concepts he creates and represents.
Barry Henthorn
Chief Executive Officer and Chairman of the Board Barry has a long history in founding and funding start-up and emerging stage companies, providing business guidance to them on general business matters including but not limited to the review of financing options, introduction to third parties, communications with existing or potential customers, manufacturing processes, Corporate Web / IT services, and market research. He is a pioneer in the development and marketing of telecommunications technologies. In 1990, Barry founded and served as CEO of Emerald City Telecommunications, which clarified the definition of private telecommunications networks. While continuing to develop this technology in 1992, he formed Emerald City Cellular, and introduced the "free cellular phone" to the cellular market which revolutionized the way Cellular phones were distributed worldwide. The two companies merged to create Innovative Communications Technologies, which creates and markets a variety of communications technologies. Barry served as the CEO of ICT and the creator of its new Global Private Telecommunications Networks. Barry founded ReelTime.com, a leading internet streaming media video-delivery technology company. Not only was he the co-creator of the core technology, but served as its CEO from 2004-2009. Barry has also sat on advisory boards for numerous US corporations in a variety of industries including aerospace, law, accounting, international trade, espresso machine manufacturing, and travel. Barry continues to contribute to a fresh viewpoint and vision towards the future.
Troy Scott Steciw
President and Director Scott has been involved in virtually every aspect of the construction industry for nearly 20 years. From Laborer to Designer of High Rise Buildings and Developer of over 40 Townhomes, Mr. Steciw has the capacity to understand the viability of acquisitions, the ability to raise capital to get projects out of the ground, and a track record of getting deals done. He is currently a Partner in a property located in downtown Seattle planned for a mixed use project with over 9,000 gsf of retail space and 130 residential units. As a professional consultant to the building design industry, he has held over 100 power point presentations to the industry, presenting to audiences from 10 to over 200 people. Mr. Steciw has a Bachelor of Science Degree in Business Management from Boston University.
Thomas E. Metzger - FMP
Chief Operating Officer Tom has served as Chief Executive Officer / President / Chief Operating Officer of (6) six / hotel restaurant companies over several years. His executive experience includes the development of many national food service brands, notably Wolfgang Puck, Sizzler Steakhouse, Kenny Rogers Roasters, Boston Market, Cinnabon, and Wendy’s International. He has broad and uniquely varied experience. He has a special understanding and expertise in all aspects of the food service and hospitality business including strategic planning, concept development, construction ground-up, kiosks, in-line, non-traditional development & hotels, securing financing, financial management, contract management, operations, human resources, marketing, franchising and real estate development. He posesses a strong operational and administrative background focusing on growth companies. Tom also has a Master of Science from LaSalle University.
Robert Palmer Jr.
For thirty years Robert Palmer has specialized in franchising, licensing and other multi-unit operations. In addition to his own brands his franchisor clients have ranged from nationally known giants to practicing attorneys and home care franchising companies. Mr. Palmer is known as a “high volume” sales producer and continues to do so on a regular basis. He is also known for producing high quality marketing and sales literature that produces results for the concepts he creates and represents.
BCCI: For more information on this fascinating concept at www.baristas.tv
Baristas Files Franchise Documents in 26 Additional States meeting all requirements in over 50% of the nation
SEATTLE, April 16, 2013 /PRNewswire/ -- Baristas Coffee Company Inc. (OTC PINK: BCCI), a fast growing U.S. based beverage and branded products company, today announced that it has filed its Franchise Disclosure Documents with all of the following states: Alabama, Alaska, Arkansas, Colorado, Delaware, Georgia, Idaho, Iowa, Kansas, Louisiana, Massachusetts, Missouri, Mississippi, Montana, Nevada, New Hampshire, New Jersey, New Mexico, Ohio, Oklahoma, Pennsylvania, Tennessee, Vermont, West Virginia, Washington DC, and Wyoming,
This filing is subsequent to the filing to become registered in Baristas' home state of Washington, as well as additional registration states, New York and California.
Newly appointed Director of Store and Brand Development, Mike Reynolds, stated: "We have now completed the filing process and are now fully compliant to sell franchises in over 50% of the country. We will now roll out our franchising expansion with committed development partners. We will continue to register in other states that we have received strong interest in so that we may also pursue those regions for franchising as well. Baristas offers a very compelling business model and provides the best opportunity in franchising that I have seen in my career and is clearly the best in its sector."
Barry Henthorn CEO commented; "We now can answer the pent up demand for our exciting franchise concept with full confidence that we have met every requirement. This accomplishment has been the result of a committed effort to comply with the differing regulations of multiple states to insure that we comply with all regulations. Franchising is an important aspect of the expansion of the Baristas brand and will also help reduce our cost of goods sold widening our profit margins."
About Baristas Coffee Company (BCCI): Headquartered in the Seattle, Washington area, currently trades under the symbol (OTC PINK: BCCI) has recently made a formal application to the NASDAQ Capital Market under the reserved symbol "BAPI". Baristas Coffee Company, Inc. was formed to create a national brand of drive-thru espresso stands. BCCI is accomplishing this by acquiring established businesses that fit its model, opening new locations, and by franchising. Baristas has separated itself from the competition with its "theme" of joining attractive female baristas in entertaining costumes preparing the finest beverages available on the market. Baristas can currently be found in six greater Seattle area locations as well as in Texas, Florida, Arizona, and Montana. Your state, Coming Soon!
For more information on this fascinating concept please visit us at www.baristas.tv
SEATTLE, March 15, 2013 /PRNewswire/ -- Baristas Coffee Company Inc. (OTCPK:BCCI), a fast growing U.S. based beverage and branded products company, has today announced that it has submitted its application for submission on the NASDAQ stock market. Last week it had received the symbol BAPI to be reserved for trading once the Company completes the application process and comment periods. Baristas will continue to trade under the symbol OTCPK:BCCI until such time as it begins to trade on the NASDAQ Capital Markets.
Baristas will continue to submit additional information and documentation as it is required based on comments from its assigned Listing Analyst and others at NASDAQ who will be assisting in Baristas, assuring that they satisfy all the required qualifications for NASDAQ Capital Markets securities in Rule 4300. Baristas will also need to adhere to the corporate governance standards set by NASDAQ. In addition, Baristas must comply with NASDAQ's requirements relating to audit committees, the director nomination's process, and the compensation of officers, board composition, executive sessions, quorum and code of conduct.
Baristas Ice Cream arrives in C-Town and Bravo stores in New York
SEATTLE, April 30, 2013 /PRNewswire/ -- Baristas Coffee Company Inc. (OTCPK: BCCI) or ("the Company"), a fast growing U.S. based beverage and branded products company, has today announced that C-Town and Bravo Supermarkets are now carrying Baristas indulgent collection of coffee ice creams ("Barista Coffee Creations"), featuring classic flavors like "Caramel Cappuccino" and new specialty creations like "Coconut Cafe Latte."
The products are now available in approximately 40 C-Town and Bravo Supermarkets throughout the New York metropolitan region. The first run includes four packs of ice cream bars in both "Caramel Cappuccino" a caramel swirled coffee ice cream enrobed in dark chocolate and "Coconut Cafe Latte" a coconut swirled coffee ice cream enrobed in dark chocolate.
Barry Henthorn CEO commented; "The addition of C-Town and Bravo chain of supermarkets carrying our premium ice cream products continues to expand the footprint, exposure, and accessibility of this newly created product. We are especially encouraged that the "Baristas Coffee Creations" initial product, created from the ground up has had such a strong acceptance from such long standing staples in the supermarket world as C-Town and Bravo."
About Baristas Coffee Company (BCCI): Headquartered in the Seattle, Washington area, Baristas Coffee Company, Inc. was formed to create a national brand of drive-thru espresso stands. BCCI is accomplishing this by acquiring established businesses that fit its model, opening new locations, and by franchising. Baristas has separated itself from the competition with its "theme" of joining attractive female baristas in entertaining costumes preparing the finest beverages available on the market. Baristas can currently be found in six greater Seattle area locations as well as in Texas, Florida, and Montana. Your state, Coming Soon!
About C-Town/Bravo: C-Town Supermarkets is a chain of independently owned and operated supermarkets operating in the northeastern United States. C-Town was founded in 1975 with the goal of employing economies of scale to allow its small member stores to pool their purchasing and advertising power. C-Town operates approximately 200 stores in Connecticut, Massachusetts, New Jersey, New York, and Pennsylvania. C-Town is the fifth-largest food retailer in the New York City metropolitan area. C-Town is supplied by Krasdale Foods; many products sold in C-Town stores are labeled "Krasdale Foods." (Krasdale also is a supplier for the smaller Bravo supermarket chain.)
For more information on this fascinating concept please visit us at www.baristas.tv
SEATTLE, March 15, 2013 /PRNewswire/ -- Baristas Coffee Company Inc. (OTCPK:BCCI), a fast growing U.S. based beverage and branded products company, has today announced that it has submitted its application for submission on the NASDAQ stock market. Last week it had received the symbol BAPI to be reserved for trading once the Company completes the application process and comment periods. Baristas will continue to trade under the symbol OTCPK:BCCI until such time as it begins to trade on the NASDAQ Capital Markets.
Baristas will continue to submit additional information and documentation as it is required based on comments from its assigned Listing Analyst and others at NASDAQ who will be assisting in Baristas, assuring that they satisfy all the required qualifications for NASDAQ Capital Markets securities in Rule 4300. Baristas will also need to adhere to the corporate governance standards set by NASDAQ. In addition, Baristas must comply with NASDAQ's requirements relating to audit committees, the director nomination's process, and the compensation of officers, board composition, executive sessions, quorum and code of conduct.
The more they try, the more I buy BCCI $$$$
BCCI if people didn't care one way or the other they wouldn't be here to invest. BCCI is a real company, with real products. $$$$$$$$$
I agree kped :)
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective May 20, 2013, Steve Berman was appointed as Interim CEO of Protext Mobility, Inc.
With over 30 years of sales success and executive leadership experience, Steve is a successful entrepreneur, having founded several companies and serving in the CEO role. Among managing and building various businesses, Steve has been instrumental in securing capital financing’s for public and private companies including startups and pre-revenue businesses. Most recently, Steve co-founded 3DMC, a premier digital multimedia company. Steve is also CEO of Stealth Sports and Marketing, a consulting firm specializing in marketing & multimedia solutions to professional Sports teams.
Before 3DMC & Stealth, Steve held the position of Senior Vice President at YES Network, the number one regional sports network in the country. Through his key relationships in the top 10 markets, Steve was responsible for developing the advertising platform, with demonstrable and significant sales increases for the Network.
Prior to Yes Network, Steve served as Senior Vice President of Time Warner Cable, NY, where he produced similar levels of growth and success. By growing Time Warner NY’s Advertising sales from $11m to well over $100m and increasing national sales by 200% during his tenure, he made Time Warner NY the number one billing cable market in the US.
Mr. Berman has a Bachelors Degree from Syracuse University.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated this 21St day of May, 2013
ProText Mobility, Inc.
By:
/s/ David M. Lewis
Executive Director
Excellent news. Only 9 days ago!!!Axiologix, Inc. Successfully Completes Due Diligence On Californian Acquisition: Moving To Complete Definitive Agreements.
SARASOTA, Fla., May 14, 2013 /PRNewswire/ -- Axiologix, Inc. (www.axiologix.net) (OTC Pink: AXLX), an International Technology and Services Organization focused on delivering Cloud-based Products and Services, announced today it has successfully completed its due diligence of the pending acquisition based in California. Both parties are now moving to complete definitive agreements for the transaction.
The acquisition is a leading provider of IP voice, data and managed services to small and medium enterprises (SMEs) across the United States. If completed, the acquisition will bring immediate accretive annual revenues of $5.5 million to Axiologix, Inc. with positive EBITDA of circa $1 million per year.
Axiologix, Inc. Successfully Completes Due Diligence On Californian Acquisition: Moving To Complete Definitive Agreements.
SARASOTA, Fla., May 14, 2013 /PRNewswire/ -- Axiologix, Inc. (www.axiologix.net) (OTC Pink: AXLX), an International Technology and Services Organization focused on delivering Cloud-based Products and Services, announced today it has successfully completed its due diligence of the pending acquisition based in California. Both parties are now moving to complete definitive agreements for the transaction.
The acquisition is a leading provider of IP voice, data and managed services to small and medium enterprises (SMEs) across the United States. If completed, the acquisition will bring immediate accretive annual revenues of $5.5 million to Axiologix, Inc. with positive EBITDA of circa $1 million per year.
Dennis Mitrano, President of Telecom Operations of Axiologix, Inc., commented,"We are pleased to have successfully completed quite a detailed due diligence process over the past couple of months. Whereas there are always areas that will need improvement, overall the Company is well run and has a solid state-of-the-art technology platform using industry-leading suppliers that we can use to build out from as we acquire additional companies. They also have strong customer relationships with some household names that have been with them over 5 years in some cases, and the management team is strong in their respective areas. They run a very efficient business that has been growing at between 15%-20% per year in its hosted services segment, which they have focused on in recent years due to better returns on revenues, and have successfully moved away from other less profitable areas. We expect that these growth levels will be at least maintained, delivering strong organic growth from this business, and when we add in additional acquisitions with the same technology platforms we can deliver significant operational savings from the integrated customers. All in all, this has been a good process for both sides and we are now working to complete the definitive agreements and to raise the necessary funding to complete the transaction as soon as possible."
AEGY ... Can anyone say CHA-CHING!
AEGY up over116 percent $$$$$$
Cord Blood America Announces 2013 First Quarter Financial Results
LAS VEGAS, May 15, 2013 /PRNewswire/ -- Cord Blood America, Inc. (www.cordblood-america.com) (OTC Bulletin Board: CBAI) ("CBAI" or the "Company") today announced financial results for the quarter ended March 31, 2013.
First Quarter 2013 Highlights From Continuing Operations
Recurring revenues increased approximately 7% for the three months ended March 31, 2013 to $740,124.
Cash provided by operations totaled $128,970 in the first quarter. This represents 68% of the total full year cash generated in 2012 of $190,323.
EBITDA for the quarter increased 587% to $99,985 from $14,542 in the year ago period.
SG&A decreased 11% to $1.11 million from $1.24 million in the year ago period.
Our cash balance increased 40% to $369,186 compared to the same period a year ago.
Joseph Vicente, President of Cord Blood America, Inc. commented "During the quarter, Biocordcell Argentina (Bio), made investments in lab related processes, causing increased costs which we expect to be primarily one-time charges. The Company believes these investments will help support future growth. We remain focused on reducing our corporate costs, which were down 11%, despite the increased costs from Bio in the first quarter. We also remain committed to ensuring that incremental revenue growth meets a corresponding increase in profitability, as the Company will not add to its debt under the current conditions. We remain bullish on the industry and our prospects for future growth."
For the three months ended March 31, 2013, total revenue increased to approximately $1.45 million from $1.43 million compared to the year ago period. Recurring revenues increased approximately 7% while tissue related sales increased at 31%, offset by an 11% decrease in processing fees.
Aegy up 133 percent !!! $$$)
AEGY is on fire!!!! $$$$
AEGY is on fire! $$$$$
MediSwipe Inc. Announces New Sales Agreement for "Chillo" and C+Swiss Hemp Beverage in Oregon for up to 200 Hundred Locations
LOS ANGELES, CA--(Marketwired - May 17, 2013) - MediSwipe Inc. (www.MediSwipe.com) (MWIP), a data management solutions company for the medicinal marijuana and health care industry, today announced that the company has signed an agreement for its new health and wellness division for sales of its' "Chillo" hemp based energy drink and C+Swiss ice teas. The new agreement covers all of Oregon, with 200 locations included and currently is expected to reach 5,000 units weekly within the first months of the agreement.
"Immediately upon having announced our new health and wellness division for MediSwipe and our exclusive agreement with Chill Drinks LLC for Chillo and C+Swiss, we began selling the products into dispensaries in Michigan and Colorado. Today we are announcing we have expanded our sales to include Arizona, Northern California and now Oregon. We are extremely excited about the immediate acceptance of these products and brand to our clients as it helps strengthen our relationship as a true partner to these businesses as we install our vertical products to provide all their patient and business needs from software, security, to e-commerce to beverages," stated B. Michael Friedman MediSwipe CEO.
The Company also filed its first Quarter results for 2013 earlier this week. "During the first quarter, we continued to take the necessary steps to improve MediSwipe's financial position and drive long-term growth," stated B. Michael Friedman, Chief Executive Officer. "Revenues for Q1 increased almost 100% from last year from Q1, yet we believe that 2013 will continue to be a transitional year as we continue to optimize our business around strategic opportunities and new markets, being selective about the revenue opportunities we pursue. We are just now beginning to see success in achieving a more optimal distribution of our revenue, with the first installations of our MediSwipe DMS, our new certification centers, the release of our wellness division and beverage line, which based on present trends, we are very optimistic for meaningful revenue in the upcoming quarters. Finally being out of the research and development stages and all of our divisions in full sales mode, with the 800 Commerce dividend date pending, we can now see the positive impact over the near term," concluded Friedman, CEO for MediSwipe.
About MediSwipe Inc.
MediSwipe Inc. (www.MediSwipe.com) provides innovative patient solutions for electronically processing transactions within the healthcare industry. MediSwipe provides terminal-based service packages and integrated Web Portal add-ons for physicians, clinics, hospitals and medical dispensaries that include: digital patient records, Electronic Referrals, Credit/Debit Card merchant services, Check Guarantee and Accounts Receivable Financing.
Impressive article. CBAI is the present and the future.
im loaded up again. Ready... DHSM$$
It's everyone taking a profit. I flipped twice. Made a HUGE profit. Now loading up for a longer term. DHSM is $$$$$$$$
Cord Blood America Announces 2013 First Quarter Financial Results
LAS VEGAS, May 15, 2013 /PRNewswire/ -- Cord Blood America, Inc. (www.cordblood-america.com) (OTC Bulletin Board: CBAI) ("CBAI" or the "Company") today announced financial results for the quarter ended March 31, 2013.
First Quarter 2013 Highlights From Continuing Operations
Recurring revenues increased approximately 7% for the three months ended March 31, 2013 to $740,124.
Cash provided by operations totaled $128,970 in the first quarter. This represents 68% of the total full year cash generated in 2012 of $190,323.
EBITDA for the quarter increased 587% to $99,985 from $14,542 in the year ago period.
SG&A decreased 11% to $1.11 million from $1.24 million in the year ago period.
Our cash balance increased 40% to $369,186 compared to the same period a year ago.
Joseph Vicente, President of Cord Blood America, Inc. commented "During the quarter, Biocordcell Argentina (Bio), made investments in lab related processes, causing increased costs which we expect to be primarily one-time charges. The Company believes these investments will help support future growth. We remain focused on reducing our corporate costs, which were down 11%, despite the increased costs from Bio in the first quarter. We also remain committed to ensuring that incremental revenue growth meets a corresponding increase in profitability, as the Company will not add to its debt under the current conditions. We remain bullish on the industry and our prospects for future growth."
For the three months ended March 31, 2013, total revenue increased to approximately $1.45 million from $1.43 million compared to the year ago period. Recurring revenues increased approximately 7% while tissue related sales increased at 31%, offset by an 11% decrease in processing fees.
Administrative and selling expenses for the three months ended March 31, 2013 were $1.11 million as compared to $1.24 million for the comparative period of 2012, representing an 11% decrease. These expenses are primarily related to marketing/advertising, professional services, allocated facility related expenses and wages for personnel. Generally, each functional unit within administrative and selling expenses has reduced expenses from the prior comparative period. The Company continues to evaluate its expenses and their relationship to revenues for alignment.
For the period ending March 31, 2013, the company had $0.39 million in cash, an increase of 40% from the prior comparative period total of $0.28 million. The Company currently collects cash receipts from operations through CBAI and its subsidiary, Bio-cells. Cash flows from operations are currently sufficient to fund operations. During the three month period ended March 31, 2013 there was no increase in notes payable for purposes of working capital or investment in affiliate companies. Net cash provided by operating activities for the three month period ending March 31, 2013 was $0.13 million, versus a use of $1.00 million cash from the prior comparative period of 2012, an improvement of $0.23 million.
Mr. Vicente concluded, "We have now completed four consecutive quarters operating off cash generated from our operations without any additional outside investment. To add additional clarity on the improvements we have made within the Company, in the first quarter of the prior year we took $458,664 in outside investment capital to fund operations compared to our current quarter, in which we did not take any investment capital, and instead generated $128,970 from operating activities."
About Cord Blood America
Cord Blood America, Inc. is the parent company of CorCell, Companies, Inc. which, along with Cord Blood America, Inc., facilitates umbilical cord blood stem cell preservation for expectant parents and their children. 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. and CorCell Companies, Inc., visit our websites: http://www.cordblood-america.com/ for investor information and http://www.corcell.com/ for customer information.
Cord Blood America Announces 2012 Financial Results
LAS VEGAS, April 1, 2013 /PRNewswire/ -- Cord Blood America, Inc. (www.cordblood-america.com) (OTC Bulletin Board: CBAI) ("CBAI" or the "Company") today announced financial results for the year ended December 31, 2012.
Full Year Ended December 31, 2012 Highlights
Revenue increased 18% to a record $6.0 million from $5.1 million in the year ago period.
Gross Profit increased 20% to $4.2 million from $3.5 million in the year ago period.
SG&A decreased 17% or $1.1 million to $5.6 million in 2012 from $6.7 million in 2011.
Total assets exceeded total liabilities by $0.52 million, a net change of $1.4 million from the prior year of 2011 where the liabilities outpaced company assets.
Net cash balance increased over 116% to $393,832 from the year ago period.
Positive cash flow from operations of $0.19 million, an improvement of 117% compared to the year ago period.
Joseph Vicente, President of Cord Blood America, Inc. commented "After taking over as CEO in May of 2012, our team has made transformational changes to our business model as highlighted in the bullets above. At the same time we recognize we are at an inflection point for the company where incremental revenue growth will drive significantly higher operating profit for the company, highlighting the leverage within our model. Our combined US and South American operating divisions offer the best of both worlds, a high growth engine in Argentina which grew revenue by 35% for the year is providing the annuity streams of tomorrow, combined with our US operations which are growing at a steady rate of 10% while already achieving the scale to generate consistent recurring cash flow that covers the operation's fixed cost, demonstrating further the power of building a sizable customer base."
The Company's cash position continued to improve throughout 2012. The Company increased its cash from operations by $1.71 million from the comparative period of 2011. The impact of this is greatly heightened when one considers the Company's accounts payable balance decreased 37% or $327,000 from 2011 to 2012. "We have been steadfast that the Company needs to operate off its own cash. We continue to do so as evidenced by: our improving cash position; our consistent payment to vendors; and the fact that we did not take any outside investment capital for the last nine months of 2012," commented Mr. Vicente.
Gross profit for the year increased by approximately $0.69 million or 20% to $4.20 million from the prior comparative period. With gross margin as a percentage of revenue up slightly, to 70%, the Company anticipates that through the growth and expansion of its cord blood business in conjunction with continuing efficiencies in its own facilities, direct costs should continue to decrease as a percentage of sales, and gross profits will continue to improve.
Administrative and selling expenses for the year ended December 31, 2012 decreased 17% to $5.63 million as compared to $6.75 million for the comparative period of 2011. The company continues to evaluate each dollar being spent, automating for economies of scale, and understands that incremental revenue growth needs to proportionately drive higher operational profits.
Mr. Vicente concluded, "The last half of 2012 provided measureable improvement across key indicators for revenue, expenses and operating profit. As we progress into 2013, we are focused on expanding our service offerings in the stem cell space, securing additional sales channels to market our services, and ensuring that our sales efforts meet the balance of the fiscal discipline required to continue to build the cash position of the Company, all key contributors to drive the future value for our shareholders."
About Cord Blood America
Cord Blood America, Inc. is the parent company of CorCell, Companies, Inc. which, along with Cord Blood America, Inc., facilitates umbilical cord blood stem cell preservation for expectant parents and their children. 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. and CorCell Companies, Inc., visit our websites: http://www.cordblood-america.com/ for investor information and http://www.corcell.com/ for customer information.
Quarterly Report (10-q)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
————————
FORM 10-Q
————————
þ
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended March 31 , 2013
or
o
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE EXCHANGE ACT
for the transition period from _________ to _________
CORD BLOOD AMERICA, INC.
(Exact Name of Small Business Registrant as Specified in its Charter)
FLORIDA
000-50746
90-0613888
(State or other jurisdiction of incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)
1857 HELM DRIVE
LAS VEGAS, NV 89119
89119
(Address of principal executive offices)
(Zip Code)
(702) 914-7250
(Registrant's telephone number, including area code)
Indicate by check mark whether the Registrant (1) has filed all documents and reports required to be filed by Sections 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filings for the past 90 days. Yes þ No ¨
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ¨ No ¨
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of “accelerated filer and large accelerated filer” in Rule 12b-2 of the Exchange Act:
Large accelerated filer
o
Accelerated filer
o
Non-accelerated filer
o
Smaller reporting company filer
þ
Indicate by check mark whether the registrant is a shell company (as defined by Rule 12b-2 of the Exchange Act.): Yes ¨ No þ
Number of shares of Cord Blood America, Inc. common stock, $0.0001 par value, outstanding as of March 31, 2013, 647,592,183 exclusive of treasury shares.
CORD BLOOD AMERICA, INC. AND SUBSIDIARIES
INDEX TO FORM 10-Q
PART I. FINANCIAL INFORMATION
Item 1.
Condensed Consolidated Financial Statements (Unaudited)
3
Condensed Consolidated Balance Sheets at March 31, 2013 (unaudited) and December 31, 2012 (audited)
3
Condensed Consolidated Statements of Comprehensive Income (Loss) (unaudited) for the three months ended March 31, 2013 and March 31, 2012
4
Condensed Consolidated Statements of Cash Flows (unaudited) for the three months ended March 31, 2013 and March 31, 2012
5
Notes to Condensed Consolidated Financial Statements (unaudited)
6
Item 2.
Management’s Discussion and Analysis of Financial Condition and Results of Operations
20
Item 3.
Quantitative and Qualitative Disclosures About Market Risk
23
Item 4T.
Controls and Procedures
23
PART II. OTHER INFORMATION
Item 1.
Legal Proceedings
24
Item 1A.
Risk Factors
24
Item 2.
Unregistered Sales Of Equity Securities And Use Of Proceeds
24
Item 3.
Defaults Upon Senior Securities
25
Item 4.
Reserved
25
Item 5.
Other Information
25
Item 6.
Exhibits
26
Signatures
28
2
PART I. FINANCIAL INFORMATION
ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
CORD BLOOD AMERICA, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
AS OF MARCH 31, 2012 (UNAUDITED) AND DECEMBER 31, 2012 (AUDITED)
March 31,
2013
December 31,
2012
ASSETS
Current assets:
Cash
$
393,642
$
393,832
Accounts receivable, net of allowance for doubtful accounts of $96,250 and $82,309
220,004
181,745
Prepaid expenses
146,000
91,911
Other current assets
380,151
367,506
Total current assets
1,139,797
1,034,994
Property and equipment, net of accumulated depreciation and amortization of $570,764 and $536,145
876,065
801,568
Customer contracts and relationships, net of accumulated amortization of $ 3,368,497and $3,214,273
3,970,802
4,125,028
Investments and related party receivables
123,262
123,262
Other Assets
21,224
22,754
Goodwill
244,053
244,053
Total assets
$
6,375,203
$
6,351,659
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current liabilities:
Accounts payable
$
583,915
$
538,278
Accrued expenses
776,983
776,636
Deferred revenue
1,604,965
1,616,797
Derivative liability
378,768
354,654
Interest on Promissory Notes
121,080
76,700
Promissory notes payable, net of unamortized discount of $201,968 and $269,620
1,050,032
1,095,380
Total current liabilities
4,515,743
4,458,445
Notes payable, net of unamortized discount of $130,537 and $206,411
479,383
653,809
Interest on promissory note
--
3,242
Deferred Revenue (long term portion)
773,516
719,736
Total liabilities
5,768,642
5,835,232
Stockholders' deficit:
Preferred stock, $.0001 par value, 5,000,000 shares authorized, no shares issued and outstanding
--
--
Common stock, $.0001 par value, 890,000,000 shares authorized, 647,592,183 and 376,234,408 shares issued and outstanding, inclusive of treasury shares
686,867
659,732
Additional paid-in capital
51,487,084
50,871,033
Common stock held in treasury stock, 20,000 shares
(599,833
)
(599,833
)
Accumulated Other Comprehensive income (loss)
176,735
141,867
Accumulated equity (deficit)
(51,769,739
)
(51,218,693
)
Total cord blood stockholders’ equity (deficit)
(18,886)
(145,894
)
Non-controlling interest
625,447
662,321
Total stockholders’ equity (deficit)
606,561
516,427
Total liabilities and stockholders’ deficit
$
6,375,203
$
6,351,659
See the accompanying notes to condensed consolidated financial statements.
3
CORD BLOOD AMERICA, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)
FOR THE THREE MONTHS ENDED MARCH 31, 2013 AND 2012
THREE-MONTH
PERIOD
THREE-MONTH
PERIOD
ENDED
ENDED
MARCH 31,
MARCH 31,
2013
2012
Revenue
$
1,452,138
$
1,434,461
Cost of services
(439,985
)
(377,272
)
Gross profit
1,012,153
1,057,189
Administrative and selling expenses
(1,107,077
)
(1,243,985
)
Income (loss) from operations
(94,924)
(186,796)
Interest expense and change in derivative liability
(492,996)
(1,022,296
)
Net Loss from continuing operations before provision for income taxes
(587,920)
(1,209,092
)
Income taxes
--
--
Net Loss from continuing operations after provision for income taxes
(587,920)
(1,209,092)
Discontinued Operations:
Loss from discontinued operations, net of tax
--
(77,791
)
Net income (loss) from discontinued operations
--
(77,791
)
Net Loss
(587,920
)
(1,286,883
)
Net (income) loss attributable to Non-controlling interest
36,874
26,805
Net loss from continuing operations before provision for income taxes attributable to Cord Blood America
$
(551,046)
(1,260,078
)
Basic loss per share
Continuing operations
$
(0.00)
$
(0.01
)
Discontinued operations
0.00
(0.01
)
Net basic earnings per share
$
(0.00
)
$
(0.01
)
Weighted average common shares outstanding
Basic weighted average common shares outstanding
503,603,412
209,141,141
Net loss before income taxes
$
(587,920
)
$
(1,286,883
)
Other comprehensive income (loss)
Foreign currency translation adjustments
34,867
(29,477
)
Income tax expense related to the items of other comprehensive income
--
--
Other comprehensive income, (loss) net of tax
34,867
(29,477 )
Comprehensive income (loss)
(553,053
)
(1,316,360
)
Non-controlling interest
36,874
26,805
Comprehensive income (loss) attributable to Cord Blood America
(576,179
)
(1,289,555
)
See the accompanying notes to condensed consolidated financial statements.
4
CORD BLOOD AMERICA, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
FOR THE THREE MONTHS ENDED MARCH 31, 2013 AND 2012
THREE-MONTH
PERIOD ENDED
MARCH 31,
2013
THREE-MONTH
PERIOD ENDED
MARCH 31,
2012
CASH FLOWS FROM OPERATING ACTIVITIES:
Consolidated Net loss
$
(587,920
)
$
(1,286,883
)
Adjustments to reconcile net loss to net cash used in operating activities:
(Income)/loss from discontinued operations
--
77,791
Shares issued (cancelled) relating to services, net
--
45,902
Amortization of loan discount
143,521
557,529
Depreciation and amortization
193,397
201,338
Stock option expense
--
16,897
Change in value of derivative liability
256,394
318,389
Shares issued as payment of interest on convertible notes
47,611
68,498
Bad debt
5,965
378
Foreign currency translation
34,867
(29,477
)
Accrued interest receivable on investment (China Stem Cells)
--
(9,000)
Net change in operating assets and liabilities
35,135
(65,533 )
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES OF CONTINUING OPERATIONS
128,970
(104,171
)
CASH FLOWS FROM INVESTING ACTIVITIES
Payments for purchase of property and equipment
(129,160
)
(67,025
)
Loan receivable issued to China Stem Cells
--
--
Loan Receivable issued to VidaPlus
--
(93,397
)
NET CASH USED IN INVESTNG ACTIVITIES OF CONTINUING OPERATIONS
(129,160
)
(160,422
)
CASH FLOWS FROM FINANCING ACTIVITIES
Issuance of common shares for cash
--
425,000
Proceeds from issuance of notes payable-related party
--
50,000
Repayment of Notes payable related-party
--
(16,336
)
NET CASH PROVIDED BY FINANCING ACTIVITIES OF CONTINUING OPERATIONS
--
458,664
CASH FLOW FROM DISCONTINUED OPERATIONS
Operating cash flows
--
(84,552
)
Investing cash flows
--
--
Financing cash flows
--
--
NET CASH USED IN DISCONTINUING OPERATIONS
--
(84,552
)
NET INCREASE (DECREASE) IN CASH
(190
)
109,519
Cash balance at beginning of period
$
393,832
$
181,550
Cash balance at end of period
$
393,642
$
291,069
Supplemental Disclosures
Interest Paid
$
--
$
--
Summary of non-cash transactions
Conversion of debt into common shares
$
410,910
$
1,556,886
See the accompanying notes to condensed consolidated financial statements.
5
CORD BLOOD AMERICA, INC. AND SUBSIDIARIES
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
MARCH 31, 2013
Note 1. Organization and Description of Business
Cord Blood America, Inc. ("CBAI" or the “Company”), formerly D&A Lending, Inc., was incorporated in the State of Florida on October 12, 1999. In October, 2009, CBAI re-located its headquarters from Los Angeles, California to Las Vegas, Nevada. CBAI's wholly-owned subsidiaries include Cord Partners, Inc., CorCell Companies, Inc., CorCell, Ltd., (Cord Partners, Inc, CorCell Companies, Inc. and CorCell, Ltd. are sometimes referred to herein collectively as “Cord”), CBA Properties, Inc. ("Properties"), and Career Channel, Inc. formerly D/B/A Rainmakers International ("Rain"). In March 2010, CBAI purchased a majority interest in Stellacure GmbH (“Stellacure”). In September 2010, CBAI purchased a majority interest in Biocordcell Argentina S.A. (“Bio”). CBAI and its subsidiaries engage in the following business activities:
?
Cord specializes in providing private cord blood stem cell preservation services to families to families throughout the United States and Puerto Rico.
?
Stellacure GmbH specializes in providing private cord blood stem cell preservation services to families in Germany, Spain and Italy.
?
Biocordcell Argentina S.A. specializes in providing private cord blood stem cell preservation to families in Argentina, Uruguay and Paraguay.
?
Properties was formed to hold corporate trademarks and other intellectual property.
6
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Hot On The TRAIL Of Graft Vs. Host Disease
Main Category: Lymphoma / Leukemia / Myeloma
Also Included In: Stem Cell Research
Article Date: 17 May 2013 - 1:00 PDT
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Current ratings for:
Hot On The TRAIL Of Graft Vs. Host Disease
Patient / Public:
Healthcare Prof:
For patients with leukemia and other hematological malignancies, transplantation of hematopoietic stem cells (HSCT) can be a powerfully effective therapy. In addition to the desirable anti-tumor effect, transplanted cells can also attack the host tissue, resulting in graft-versus-host disease (GVHD).
In this issue of the Journal of Clinical Investigation, Arnab Ghosh and colleagues at Memorial Sloan-Kettering Cancer Center found that expression of a protein that causes cell death, TRAIL, in transplanted cells was critical for an effective anti-tumor response. Immune cells engineered to express higher levels of TRAIL killed the cells that cause GVHD and increased anti-tumor activity. In an accompanying commentary, Nelson Chao suggests that new therapeutics may take advantage of TRAIL-expressing cells to promote an anti-tumor response without putting patients at risk for GVHD.
TITLE: Fratricidal TRAIL+T cells suppress GVHD and augment anti-tumor activity after bone marrow transplantation
View this article at: http://www.jci.org/articles/view/66301?key=66e50de3cd0d7e99a4d8
ACCOMPANYING COMMENTARY TITLE: Blazing a new TRAIL in hematopoietic cell transplantation
View this article at: http://www.jci.org/articles/view/69909?key=43f0101604c8f6bb12da
Additional
References
Citations
Article adapted by Medical News Today from original press release. Click 'references' tab above for source.
Visit our lymphoma / leukemia / myeloma section for the latest news on this subject.
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Source Information
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