Shares of Cord Blood America Inc. (OTC: CBAI) jumped more than 20% in today’s trading. The penny stock reached a high of $0.01. At last check, it was up 21.74% to $0.0056, with volume up from daily average of 20.41 million to 94.56 million.
The penny stock has a 52-week high of $0.02. It is currently trading below its 50-day and 200-day moving averages of $0.0064 and $0.0081, respectively.
CBAI is a marketer of services to preserve the umbilical cord blood in a patented process for future use. The company conducts its operations through its subsidiaries. The company has outlined a growth strategy for 2010. It seeks organic growth by building sales channels and inorganic growth through acquisitions. As part of its strategy, the company also seeks to diversify revenue streams. CBAI is based in Las Vegas, Nevada.
The company today announced that it is moving forward with major international acquisitions. It said that it has completed the entire preliminary due diligence for the acquisition of a controlling stake in BioCells Inc., a Argentina-based company. The transaction is expected to close by the end of August 2010, according CBAI.
Commenting on the transaction, Matthew Schissler, co-founder and CEO of CBAI, said that the company is confident that the acquisition of BioCells Inc. will be completed by the end of August. Schissler said that with a controlling interest in BioCells, CBAI will see a significant boos to its bottom line. The company is also about to complete transactions in Germany and China. Schissler also said that the company is looking at ways it can reward shareholders once the BioCEll transaction is complete.
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About BeaconEquity.com
BeaconEquity.com is committed to producing the highest-quality insight and analysis of small-cap stocks, emerging technology stocks, hot penny stocks and helping investors make informed decisions. Our focus is primarily OTC stocks in the stock market today, which have traditionally been shunned by Wall Street. We have particular expertise with renewable energy stocks, biotech stocks, oil stocks, green energy stocks and internet stocks. There are many hot penny stock opportunities present in the OTC market everyday and we seek to exploit these hot stock gains for our members before the average daytrader is aware of them.
Beacon Equity Group Disclaimer
This newsletter is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Beaconequity.com is a wholly-owned subsidiary of BlueWave Advisors.
While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
