Cryo-cell international, inc. Reports second quarter 2011 results

FOR IMMEDIATE RELEASE
Oldsmar, Florida, United States of America (Free-Press-Release.com) July 30, 2011 -- OLDSMAR, Fla. – July 13, 2011 – Cryo-Cell International, Inc. (OTC:QX Markets Group Symbol: CCEL) (the “Company”), one of the world’s largest and most established family cord blood banks and an industry leader of innovative stem cell solutions, today announced results for the second quarter ended May 31, 2011.

“We are proud to report that Cryo-Cell has achieved ten consecutive quarters of profitability that began in the first quarter of 2009,” stated Mercedes A. Walton, Cryo-Cell’s Chairman and CEO. “This major corporate milestone spanning two and one half years is illuminated by Cryo-Cell’s revenue growth fueled by our double-digit year-over-year increase in the number of new specimens processed and stored. Although we continue to believe that our stock price has yet to parallel the Company’s operating performance to date, Cryo-Cell’s share price has more than doubled year-over-year and we believe that the Company is well positioned for long-term future success”.

Financial Results

Consolidated revenues for the second quarter of fiscal 2011 were approximately $4.6 million compared to approximately $4.3 million for the second quarter of fiscal 2010. The revenues for the second quarter of fiscal 2011 consisted of approximately $4.3 million in processing and storage fee revenue and approximately $304,000 in licensee income compared to approximately $4.0 million in processing and storage fee revenue and approximately $327,000 in licensee income for the same quarter in fiscal 2010. Licensee income for the three months ended May 31, 2011 principally consisted of approximately $290,000 in royalty income earned on the processing and storage of cord blood stem cell specimens in geographic areas where the Company has license agreements. The remaining licensee income related to installment payments of non-refundable up-front license fee from the licensees of the Company’s U-Cord program in Nicaragua and Germany. Licensee income for the three months ended May 31, 2010 principally consisted of approximately $327,000 in royalty income earned on the processing and storage of cord blood stem cell specimens in geographic areas where the Company has license agreements.

The Company reported net income in the second quarter of fiscal 2011 of approximately $177,000, or $0.01 per diluted common share, compared to net income of approximately $388,000, or $0.03 per basic diluted share, in the second quarter of fiscal 2010. The decrease in net income for the three months ended May 31, 2011 principally resulted from a 18% increase in marketing, general and administrative expenses of which certain relate to an increase in legal expenses associated with litigation and the upcoming annual meeting, in addition to investments to assist in facilitating future growth, which are partially offset by a 4% decrease in cost of sales. The decrease was also attributable to a 7% decrease in licensee income which is due to non-recurring installment payments of non-refundable up-front license fees from the licensees of the Company’s U-Cord program in Chile, Colombia, Peru, Nicaragua and Pakistan that were paid during the second quarter of fiscal 2010, but pursuant to the agreements with the licensees, were not required or payable during the 2011 period.

As of May 31, 2011, the Company had approximately $9.3 million in cash, cash equivalents, marketable securities and other investments compared to $8.1 million at the close of second quarter 2010 representing a 15% increase. The Company had no long-term debt at the end of the second quarter 2011. Cryo-Cell’s share price at the close of second quarter 2011 was $3.67 compared to $1.25 at the end of the second quarter 2010 representing a 194% year-over-year increase.

About Cryo-Cell International, Inc.

Based in Oldsmar, Florida, with over 230,000 clients worldwide, Cryo-Cell is one of the largest and most established family cord blood banks. ISO 9001:2008 certified and accredited by the AABB, Cryo-Cell operates in a state-of-the-art Good Manufacturing Practice and Good Tissue Practice (cGMP/cGTP)-compliant facility. In November 2007, the Company launched Célle(SM) (pronounced “C-L”), the world’s first-ever commercial service allowing women to cryopreserve their own menstrual stem cells. Cryo-Cell is a publicly traded company. OTC:QX Markets Group Symbol: CCEL. Expectant parents or healthcare professionals may call 1-800-STOR-CELL (1-800-786-7235) or visit http://www.cryo-cell.com.

About Célle

The Célle(SM) service was introduced in November 2007 as the first and only service that empowers women to collect and cryopreserve menstrual flow containing undifferentiated adult stem cells for future utilization by the donor or possibly their first-degree relatives in a manner similar to umbilical cord blood stem cells. For more information, visit http://www.celle.com.

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