Cord Blood Bank Proposal Received

May 30, 2007

Dear Friends:

I couldn’t believe in my eyes when I received the draft proposal on the Cord Blood Bank from Marisa Quinn of UCSF a week ago.

In this 24-page draft proposal, it eloquently outlines the challenges of setting up a no-profit world class cord blood bank and the promises of treating a variety of oncologic, genetic and acquired disorders over the next few decades.

UCSF Children's Hospital will support the bank in the areas of facilities and personnel, and ensure regulatory compliance. The Joanne Pang Foundation will provide start-up funds for the next five years in operation as well as assist in identifying future sources of funding.

We will meet with the key UCSF officials in late June to finalize the proposal and start to campaign for this project in earnest afterwards.

Please keep this project in your prayers. Thanks.

God Blessings,


Joe.