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Sharps Compliance Corp. Announces 20% Growth in Customer Billings for Second Quarter of Fiscal Year 2008
Date:2/4/2008

- Record customer billings for Sharps Disposal by Mail System(R) and other

products reach $3.8 million; revenue increased 18% to $3.75 million

- Quarter led by growth in pharmaceutical and hospitality markets

- Strong operating leverage shows in sequential quarter comparisons - Pharmaceutical billings of over $400 thousand also expected in third

quarter fiscal 2008 - Purchase of medical waste disposal facility completed in January 2008

HOUSTON, Feb. 4 /PRNewswire-FirstCall/ -- Sharps Compliance Corp. (OTC Bulletin Board: SCOM) ("Sharps" or the "Company"), a leading provider of cost-effective disposal solutions for small quantity generators of medical waste, today reported record revenue of $3.75 million in the second quarter of fiscal 2008, an increase of 18% compared with revenue of $3.2 million in the same period of the prior fiscal year, and up 11% sequentially compared with revenue of $3.4 million in the first quarter of fiscal 2008. Customer billings, which the Company believes is an appropriate measure of performance and progress of the business, also increased to a record level of $3.8 million for the fiscal 2008 second quarter, up 20% compared with the prior fiscal year's second quarter billings of $3.2 million.

Sales and Billings Growth

Customer billings of $3.8 million in the second quarter of fiscal 2008 were driven by strong growth in the pharmaceutical, hospitality and retail sectors.

The pharmaceutical market includes $429 thousand in billings to a top ten pharmaceutical manufacturing customer under the previously announced $1.4 million purchase order. Sharps also received purchase orders from two additional nationally recognized pharmaceutical manufacturers for its Sharps Disposal by Mail System(R) and Sharps Transport Tube(TM). The Sharps Transport Tube(TM) is designed to provide traveling self-injectors with the ability to properly manage used syringes while away f
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SOURCE Sharps Compliance Corp.
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