The Board of Directors of Cord Blood America Inc. announced that Joseph Vicente stepped down as President of the company and as a member of the Board, effective February 12, 2016. Stephen Morgan, Vice President and General Counsel, has been named interim President of the Company. Mr. Morgan has been General Counsel of the Company since August 2010 and in addition, has served as Vice President and Corporate Secretary since May 2012.

Prior to his employment with the company, Mr. Morgan was an associate with Freund & Brackey LLP in Beverly Hills, California from 2005 to 2007 and with Shaub & Williams LLP in Los Angeles, California, from 2007 until his employment with the company.