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MedClean Technologies Announces Second Quarter Results
Date:8/23/2010

BETHEL, Conn., Aug. 23 /PRNewswire-FirstCall/ -- MedClean Technologies, Inc. (OTC Bulletin Board: MCLN), the leading provider of on-site technology for the treatment and disposal of medical waste and the destruction of confidential documents and related media, today announced financial results for the 2010 second quarter for the period ended June 30, 2010.

Some of the recent highlights include:

  • MedClean has addressed its capital requirements for the foreseeable future through previously announced agreements with Southridge LLC and JMJ Financial, which will enable MedClean to execute its differentiated plan, expand the product line, expand distributor partnerships, and penetrate a much larger market opportunity.  The distributor partnerships plus the hauler alliances forged with members of the Independent Medical Waste Transporters Association (IMWTA) will enable MedClean to deliver its technology as a service to address the needs of multi-regional and national health care organizations.  The technology will now be provided in conjunction with local and national partners in a variety of means that will enable health care organizations to conserve capital while generating large savings and protecting the environment.  The Company and its partners are now being considered for large scale national deployment opportunities that have been out of reach in the past.
  • The Company has built a virtual infrastructure that will enable it to continue to target its ambitious sales goals while minimizing its fixed cash overhead expenses to less than $450,000 per quarter.  Through the combination of expense management, second-half recurring revenue, and product sales/backlog,
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SOURCE MedClean Technologies, Inc.
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