Morning. That feather is going to take you by surprise by the end of this year. And I'm sure there will be more consolidation next year as well. And for those that didn't see it, here again is what was posted recently.
Cord Blood America’s Number One Goal
Tuesday, 07 September 2010 15:54 Written by Matt Schissler
Each year at Cord Blood America and CorCell, we set goals for our company and strive to meet those goals. Each one of those goals is like another brick in the wall of the structure we are building which is to make this company the biggest and most respected stem cell preservation company in the world.
Why do we think we can achieve this ambitious goal?
We are in an Industry with a Lot of Room for Growth
We are still in the early growth stages of this business. Just 4 years ago only 2,000 women giving birth in the United States stored their baby’s cord blood. Today that number has jumped to 16,000. But, this means that there are still less than 5% of women giving birth in the U.S. today who are storing their baby’s cord blood, a potentially lifesaving procedure. Awareness of this painless and non-invasive procedure will continue to grow. The numbers indicate that we have much room for growth not only in the U.S. but worldwide.
Cleaning up Our Balance Sheet
We are growing this company through organic means, acquisitions, and diversification of revenue streams; we refer to it as our 3 Pillars of Success.
So far this year, we have met most of our goals and expect to hit all of our goals by year’s end. We are retiring debt, increasing income, making acquisitions and are diversifying income. The entire process designed for one thing: to clean up our balance sheet. In order for our company to really take off, we need to eliminate debt which will result in a profitable company.
Acquisitions
Our biggest acquisition to date, BioCells is expected to close this month. Yes, we expected to close by the end of August, but the process was delayed but will be complete very soon.
Speaking of acquisitions, it is our goal to announce some additional acquisitions within the next 2-3 months. We are working hard to acquire additional assets that are accretive and monetize the top part of our balance sheet.
Don't worry about the mule going blind just load the wagon.
