Press Release Summary:
Suited for physicians, dentists, and veterinarian offices, 18-gallon Sharps Disposal By Mail SystemÂ®, Model 11800, provides safe disposal of used syringes as well as medical waste including biohazard waste and existing sharps containers. U.S. Postal System permits product to be transported to Sharps'-owned medical waste disposal facility in Carthage, TX.
Original Press Release:
Sharps Compliance Launches Medical Professional Sharps Disposal by Mail System®
- New 18 gallon mail-back system provides a comprehensive medical waste solution for physician, dental and veterinarian offices
- Cost-effective alternative to traditional medical waste pick-up services
- Estimated $350 million annual revenue opportunity
HOUSTON, June 30 /-- Sharps Compliance Corp. (BULLETIN BOARD: SCOM) ("Sharps"), a leading provider of cost-effective disposal solutions for small quantity generators of medical waste, today launched a larger version of its flagship product, the Sharps Disposal By Mail System(R), specifically designed to meet the needs of medical professionals, such as physician and dental offices, and provide a safe and efficient alternative to traditional, more costly medical waste pick-up services.
In addition to the convenient and safe disposal of used syringes, the new 18 gallon Medical Professional Sharps Disposal By Mail System(R) (Model number 11800) can be used to collect all of the medical waste including red bag (biohazard) waste as well as existing sharps containers located in each examination room. The product is permitted by the United States Postal System for transport to the Sharps' owned medical waste disposal facility located in Carthage, Texas. The mail back solution is a more cost effective and flexible solution as compared to the traditional pick up service typically used today.
Dr. Burton J. Kunik, the Company's Chairman, Chief Executive Officer and President commented, "With approximately 850,000 practicing physicians, dentists and veterinarians located across the country, we believe the market opportunity for the Medical Professional Sharps Disposal By Mail System(R) could exceed $350 million annually. We developed the new product offering based on feedback from the medical community as a comprehensive solution to reduce the cost of medical waste disposal outside of the hospital setting. Additional revenue opportunities exist for this new line of products in clinics, schools and similar settings. We have begun to market the new product through our direct sales force and network of distributors. As a leader in the industry, we are committed to listening to our customers and providing products to meet their unique needs, which ultimately contributes to our sales pipeline and billings growth in fiscal 2009 and beyond."
To order the new line of 18 gallon products, please contact Sharps Compliance Customer Service at 1-800-772-5657. Ask for Model number 11800 (18 gallon Medical Professional Sharps Disposal By Mail System(R)) or Model number 11801 (18 gallon Animal Health Sharps Collection and Disposal System(TM)).
About Sharps Compliance Corp.
Headquartered in Houston, Texas, Sharps Compliance is a leading provider of cost-effective disposal solutions for small quantity generators of medical waste. The Company's flagship product, the Sharps Disposal by Mail System(R), is a cost-effective and easy-to-use solution to dispose of medical waste such as hypodermic needles, lancets and any other medical device or objects used to puncture or lacerate the skin (referred to as "sharps"). The Company also offers a number of products specifically designed for the home healthcare market. Sharps Compliance focuses on targeted growth markets such as the pharmaceutical, retail, commercial, and hospitality markets, as well as serving a variety of additional markets. Sharps is a leading proponent and participant in the development of public awareness and solutions for the safe disposal of needles, syringes and other sharps in the community setting.
As a fully integrated manufacturer providing customer solutions and services, Sharps Compliance's solid business model, with strong margins and significant operating leverage, and early penetration into emerging markets, uniquely positions the company for strong future growth.
More information on Sharps Compliance can be found on its website at: http://www.sharpsinc.com/.
CONTACT: David P. Tusa, Executive Vice President, Chief Financial Officer & Business Development of Sharps Compliance Corp., +1-713-660-3514, firstname.lastname@example.org
Web site: http://www.sharpsinc.com/