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MedClean Technologies Announces 2011 Results
Date:5/15/2012

BETHLEHEM, Pa., May 15, 2012 /PRNewswire/ -- MedClean Technologies, Inc. (OTC Bulletin Board:  MCLN) today announced financial results for the 12-month period ended December 31, 2011.

2011 Year-end Operational Highlights:

  • Total revenue for 2011 increased 91% to $1,717,721 compared to $896,993 for 2010. 
  • Gross profit for 2011 increased 54% to $725,752 compared with gross profit of $470,295 for 2010.
  • Net cash used in operating activities decreased to $1,1067,913 in 2011 from $1,882,435 in 2010.

2011 Fourth Quarter Operational Highlights:

  • Fourth quarter revenue, including system sales of $115,000 in the quarter, was $330,594.
  • Maintenance Revenue of $59,423 held close to the quarterly projected amount of $62,000.
  • Corrective Maintenance of $103,444 exceeded the quarterly projected amount of $74,000 and compares to $93,820 in the fourth quarter of 2010.
  • MedClean's new ecommerce line of business (MedClean GPO), which was launched in the third quarter 2011, generated $42,205 for the full year 2011 and the acceleration initially expected during the first half of 2012 is now expected to start in the third quarter due to delays in launching new products. The Company continues to plan on introducing other mainstream consumable products such as red bags, autoclave bags boxes during 2012
  • Consumables for MedClean Systems (cart liners, deodorizer, supplies, etc.,) generated revenue of $28,963 in the fourth quarter, below the Company's targeted run rate of $34,500 per quarter.  Fluctuations are expected to occur quarterly in the future based upon customer needs.

"Year-over-year revenue results were extremely positive and we managed to continue to reduce our operational expenses while growing our revenue," stated David Laky, President & CEO of MedClean Technologies, I
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SOURCE MedClean Technologies, Inc.
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