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

rom home. Billings for the new customers were $62 thousand in the second quarter of fiscal 2008 and the product was shipped in December 2007.

Sharps Compliance fulfills, directly to pharmaceutical manufacturer patients, a specially designed Sharps Disposal by Mail System(R). Sharps' proprietary SharpsTracer(TM) system is used to track the return of the package by the patient to the Company's treatment facility, where it is scanned and weighed prior to destruction. This data, managed in Sharps proprietary SharpsTracer(TM) system, is then electronically transmitted to the pharmaceutical manufacturer which assists in monitoring drug usage and provides a touch point for individual patient follow-up.

Dr. Burton J. Kunik, Chairman, President and Chief Executive Officer of the Company, commented, "We have delivered approximately $900 thousand in products and services over the past twelve months on our first contract with a top ten pharmaceutical manufacturer and expect to ship approximately $400 thousand more in the third quarter of this fiscal year. Awareness of the success of this initial program within the pharmaceutical industry is growing and has a positive impact in our discussions with other pharmaceutical manufacturers. We believe pharmaceutical manufacturers will continue to recognize the value of providing a safe and cost effective method for disposal of their used syringes, and this could become standard operating procedure in the industry. Our products, combined with our fulfillment and tracking services, defines our position as the leader in the industry for small quantity generators of medical waste."

Growth in the hospitality market was driven by increasing penetration in major national hotel and restaurant chains and assisted living facilities. Sales to the hospitality sector were $307 thousand for the second quarter of fiscal 2008, an increase of 60% or $115 thousand, compared with the second quarter of fiscal 2007, reflecting higher d
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SOURCE Sharps Compliance Corp.
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