Cryo-Cell Reports Financial Results for Fiscal 2014

OLDSMAR, Mar 03, 2015 (GLOBE NEWSWIRE via COMTEX) Cryo-Cell International, Inc. (OTCQB:CCEL) (the Company ), the world s first private cord blood bank to separate and store stem cells in 1992, announced results for its fiscal year 2014. In spite of a very competitive environment in the cord blood banking industry, Cryo-Cell International was able to increase revenues in fiscal 2014 by 6% from fiscal 2013, said David Portnoy, Cryo-Cell s Chairman and Co-CEO. We hope to improve upon this during fiscal 2015. Financial Results Revenue Consolidated revenues for fiscal 2014 were approximately $20.1 million compared to approximately $19.0 million for fiscal 2013. The revenues for fiscal 2014 consisted of approximately $18.7 million in processing and storage fee revenue and approximately $1.5 million in licensee income, compared to approximately $17.7 million in processing and storage fee revenue and approximately $1.3 million in licensee income for fiscal 2013. Licensee income for…

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