Sharps Compliance Corp. Announces 20% Growth in Customer Billings for Second Quarter of Fiscal...(any has executed a purchase order for as...),Health

Date:2/4/2008

any has executed a purchase order for a state-of-the-art autoclave system and technology capable of treating up to seven (7) tons per day of medical waste at the same facility. Autoclaving is a process that treats medical waste with steam at high temperature and pressure to kill pathogens. An autoclave is environmentally cleaner and is a less costly method of treating most medical waste versus traditional incineration.

With the addition of the autoclave, the Company believes it will own one of only approximately ten (10) permitted commercial disposal facilities in the country capable of treating all types of medical waste.

Sharps is also expanding its ability to dispose of unused medications and expired pharmaceutical waste including controlled substances. The Company is in the process of installing Drug Enforcement Agency (DEA) approved equipment necessary to obtain DEA certification for the disposal of controlled substances.

The total cost of the incineration facility purchase, addition of the autoclave technology and other planned improvements at the Carthage, Texas facility is estimated to be approximately $900,000 and expected to be incurred in the third and fourth quarters of fiscal year 2008.

Outlook

Dr. Kunik concluded, "We continue to invest in growing our sales organization and improving our operational capacity to be able to rapidly expand the business and continue to provide high quality service. We expect to see the benefits of our increased investment in sales and marketing as a number of the significant opportunities that we are proposing for prospective customers are awarded over the next six months. We believe our additional capacity and treatment facility ownership position will further differentiate us as the leader in the small quantity generator market. Finally, we are very pleased to announce the renewal of our contract with our largest home healthcare market customer. This customer is a leader in the home hea
'/>"/>

SOURCE Sharps Compliance Corp. Copyright©2008 PR Newswire. All rights reserved

0 GOOD

Page: 1 2 3 4 5 6 7 8 9 10 11 12
Related medicine news :

1. Sharps Compliance Corp. Announces New Senior Vice President of Sales and Marketing
2. Sharps Compliance Corp. Announces First Quarter Fiscal Year 2008 Conference Call and Webcast
3. Mitchell Medical and Jopari Solutions Team up to Offer eBilling Compliance Services to Automobile Property & Casualty Insurance Carriers to Meet New Minnesota Requirements
4. Sharon McCudden Named KePRO Director of Business Process Improvement & Compliance
5. Vendormate Storms into 2008 with Major Milestones for Hospital Vendor Compliance
6. CSL Behrings Helixate(R) FS Now Available in 2000 IU Vial Size to Improve Patient Convenience, Encourage Compliance
7. GetWellNetwork Offers Comprehensive Education Package Enabling Hospitals to Meet Compliance Requirements for Patient Education
8. Neurobiological Technologies Announces Compliance With Nasdaq Listing Standards
9. TraceSecurity Announces Partnership with PHNS Expanding Compliance Services to Hundreds of Healthcare Systems
10. ISI Announces Expansion of Mid-Market Life Science Compliance Solutions at DIA eCTD Conference
11. Free White Paper Details Hospital Strategies for Meeting Joint Commission Compliance Requirements in the Environment of Care