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Sharps Compliance Corp. Announces Results for Third Quarter of Fiscal Year 2008
Date:5/15/2008

- Awarded second top ten pharmaceutical manufacturer program - Wins exclusive contract with national pharmacy chain and home healthcare

company

- Expands into Canada with retail and restaurant business

HOUSTON, May 15 /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 provided an update on its new contract awards and reported its financial results for the fiscal 2008 third quarter which ended March 31, 2008. Revenue was $2.9 million in the third quarter of fiscal 2008 which was essentially flat compared with the same period of the prior fiscal year.

Customer billings of $3.0 million for the fiscal 2008 third quarter were also flat compared with the prior fiscal year's third quarter billings. Year-over-year, growth in billings from the healthcare, professional and commercial markets were offset by decreased billings primarily in the hospitality and pharmaceutical sectors, as the first year of the Company's contract with its first pharmaceutical manufacturer was completed.

Dr. Burton J. Kunik, Chairman, Chief Executive Officer and President of Sharps Compliance, commented, "Although billings and sales were relatively flat in the third quarter, which is historically our slowest quarter, we made significant progress on a number of other fronts. Many of the opportunities we have been pursuing are now coming to fruition. We gained traction from the successful execution of our first Patient Support Program for a top ten pharmaceutical customer by providing our Sharps Disposal by Mail System(R) direct to its patients. We are very pleased to announce that we were awarded a Patient Support Program by a second top ten pharmaceutical manufacturer similar to our existing program. We expect the program to be launched by the end of the cale
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SOURCE Sharps Compliance Corp.
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