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Nov 1 2006, 12:00 AM EST

Cord Blood America Announces Launching of Umbilical Cord Blood Banking Services in Greece

PRNEWSWIRE

LOS ANGELES and ATHENS, Greece, Nov. 1 /PRNewswire-FirstCall/ -- Cord Blood America, Inc. (OTC Bulletin Board: CBAI), the umbilical cord blood stem cell preservation company (http://www.cordblood-america.com) focused on bringing the life saving potential of stem cells to families nationwide, announced today that it has begun umbilical cord blood banking in Greece in conjunction with its partner in that country, a.bourkas Co. United, Athens.

"This is our first venture in the international stem cell market and we are confident the global distribution model we will develop in Greece will prove useful elsewhere in the world, as the extraordinary wisdom of banking umbilical cord blood cells continues to spread among families all across the globe," said Matthew Schissler, CEO, Cord Blood America. "Testing sales and marketing patterns through the distributor model in Greece is a logical step for Cord Blood America. We hope to draw conclusions from this that will lead to further international business development initiatives."

"Family is among the highest social values, especially in Greece, and being able to offer this service to Greek families will, we believe, prove to be enormously popular," said Andreas Bourkas, Director and Manager of a.bourkas Co. United. "We are very pleased to partner with Cord Blood America, which is one of the innovators in providing reliable, safe umbilical cord blood banking," Mr. Bourkas said.

Cord Blood America also recently announced the purchase of the operating entity and assets of CorCell, Philadelphia, Pa. It collects umbilical cord blood stem cells from hospitals in all 50 states and internationally, making Cord Blood America the fourth largest out of 26 family cord blood stem cell banks in the U.S.

ABOUT a.bourkas Co. United

Founded in 2003 in Athens, Greece, a.bourkas Co. United is involved in the distribution and marketing of a number of specialty pharmaceutical products in the Greek marketplace, including a DNA Paternity Test, Forensic Tests, Serological Tests and DNA Banking.

About Cord Blood America

Cord Blood America (OTC Bulletin Board: CBAI) is the parent company of CorCell, which facilitates umbilical cord blood stem cell preservation for expectant parents and their children. Its mission is to be the most respected stem cell preservation company in the industry. Collected through a safe and non-invasive process, cord blood stem cells offer a powerful and potentially life-saving resource for treating a growing number of ailments, including cancer, leukemia, blood, and immune disorders. To find out more about Cord Blood America, Inc. (OTC Bulletin Board: CBAI), visit our website at www.corcell.com. For investor information, visit www.cordblood-america.com.

Forward-Looking Statements

Some statements made in this press release are forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We use words such as "anticipate," "believe," "expect," "future," "intend," "plan," and similar expressions to identify forward-looking statements. These statements including those related to the growth of the industry, new stem cell treatments, and the Company's performance, are only predictions and are subject to certain risks, uncertainties and assumptions. Additional risks are identified and described in the Company's public filings with the Securities and Exchange Commission. Statements made

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