Cryobanks International (OTC: BTEM) Gets New Price Target Of $9.25
(CybeRelease, April 11, 2006) - Lake Harmony, PA - Cryobanks International (OTC BB: BTEM) is pleased to announce that they have completed a full Spanish translation of the company’s highly praised informational website. The website was initially launched in mid October 2005 and is considered a fundamental component in educating the Hispanic population and increasing minority cord blood donations.
Cryobanks International is currently a world leader in cord blood collection, processing, and banking. The company is the only bank in the United States who accepts cord blood donations from anywhere in the Continental United States. Through the National Cord Blood Act passed in 2005, the federal government has appropriated $79 million to build a national cord blood bank targeting, in particular, ethnic minority donors. Cryobanks expects to receive a significant portion of these funds for its participation in building the national data bank. The company’s Spanish enabled website will be key in informing potential Hispanic donors on how they can participate.
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