CBAI’s stock traded over 99M shares today as at 11a.m. EST
News from November 8th:
Cord Blood America Becomes Alliance Partner of National Association Representing All U.S. Health Insurance Plans
PR Newswire “Press Releases US – English “
LAS VEGAS , Nov. 8, 2010 /PRNewswire/ — Cord Blood America, Inc. (http://www.cordblood-america.com) (OTC Bulletin Board: CBAI), the umbilical cord blood stem cell preservation company focused on bringing the life saving potential of stem cells to families nationwide and internationally, is pleased to announce that it is the first cord blood stem cell storage company to become an alliance partner of AHIP ( America’s Health Insurance Plans ), a national association representing nearly 1,300 member companies providing health insurance coverage to more than 200 million Americans.
AHIP members offer medical insurance, long-term care insurance, disability income insurance, supplemental insurance, stop-loss insurance and reinsurance to consumers, employers and public purchasers. AHIP also provides a unified voice for the community of health insurance plans, with the policy goal of providing high quality, affordable coverage to all Americans.
“This is an excellent opportunity for Cord Blood America to let these premier insurance providers know about the importance of storing umbilical cord blood at birth and the value of insuring the procedure,” said Matthew Schissler , Cord Blood America co-founder, CEO and President. “We intend to take advantage of our ability to provide these companies a case study on the value of stem cell storage and to attend conferences where we can meet insurance executives face-to-face.”
“We view this as another example of Cord Blood America being ahead of the field, in front of our competitors, with a business strategy that focuses on letting the gatekeepers in the industry know about the value of the service we provide,” Mr. Schissler said.