Cryobanks International

Cryobanks International

INTERNET: www.cryo-intl.com

PHONE: 800-869-8608 or 407-834-8333

OFFICE: Altamonte Springs, FL; near Orlando

STORAGE: Altamonte Springs, FL; near Orlando

Accreditation: AABB, NJ, NY

COMMENT: Cryobanks International offers both public and private Cord Blood banking. Their public program accepts donations mailed in from anywhere in the US. Donated Cord Blood may be listed on a transplant registry or may be used for medical research.

SERVICES & DISCOUNT OPTIONS:

• Cryobanks is a participating member of the NMDP network of public Cord Blood banks as of 15 Dec. 2005.
• Cryobanks allows private customers to elect at any time to transfer their cord blood to the public banking program. However, the NMDP will not allow transfered units to be used for transplants.
• Cryobanks expanded their laboratory in late 2005; they have 2 processing stations with hoods, 8 MVE storage tanks, and a 3000 gallon supply of liquid nitrogren on an auto-fill system.
• Cryobanks processing method is to separate MonNuclear Cells completely by centrifuge.
• Shipping by FedEx for $50. If a courier is required, for extra cost, they prefer World Courier.
• Collection and processing are performed with a closed bag system and final storage is in a dual compartment bag with testing portions.
• First year’s storage is included in the processing fee.
• Multiple payment plans available.
• Discounts for medical professionals and active duty military personnel.
• Discounts for returning customers and for prepaid storage.
• Charity program: Free storage to families that have an imminent need for transplant.

ADDITIONAL information: In the mid 1990’s, the original name of this company was U.S. Cryobanks of Florida. As of 28 Nov 2005, Cryobanks International became a wholly-owned subsidiary of Biostem, Inc. (OTC BB: BTEM). The company Biostem had only existed for 10 days prior to this merger, and had previously been known as National Parking Systems Inc. (OTC BB: NPGS). On the effective date of the merger, the Board of Directors of Cryobanks took over the BioStem board and Cryobanks received net proceeds of $10.0 million. Due to their restructuring as a publicly held company, Cryobanks is now required to file financial disclosures on the SEC website “Edgar“. Cryobanks is actively pursuing technology licensing agreements in overseas markets. Cryobanks estimates that they can assist the development of four to six foreign facilities each year, for which they will receive a large up-front cash fee plus a percentage of the gross revenues of each facility.

• Cryobanks has an agreement to open a facility in Athens, Greece.
• Cryobanks India is a joint venture with R.J. Corporation headed by Ravi Jaipuria. They will invest Rs.1 billion to build seven facilities in metro cities. An advisor to the project is cardiologist Naresh Trehan. The first facility will open in 2006 in Gurgaon near New Delhi, as reported in IndianMuslims.Info

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