Cryo-Cell International Reports First Quarter 2013 Results
Published: Apr 05, 2013
OLDSMAR, Fla., April 5, 2013 (GLOBE NEWSWIRE) -- Cryo-Cell International, Inc. (OTCQB:CCEL) (the "Company"), the world's first private cord blood bank to separate and store stem cells in 1992, today announced results for the first quarter ended February 28, 2013. "I am pleased to report Cryo-Cell's first quarter results, and in particular, cash flow from operations of slightly more than $500,000, which we believe indicates that the Cryo-Cell turnaround is well underway," stated David Portnoy, Cryo-Cell's Chairman and Co-CEO. "Key metrics of performance such as the increase in revenues and the number of specimens processed of 10% and 12%, respectively, during the first quarter of fiscal 2013 as compared to the first quarter of fiscal 2012 are encouraging."