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

ross profit of $128,590, or a 35.4% profit margin in the prior-year period. Total operating expenses were $1.1 million compared to operating expenses of $2.3 million in the 2009 second quarter. Net loss for the second quarter was $(1.1) million, or $(0.00) per share, compared to a net loss of $(2.7) million, or $(0.00) per share for the same period in 2009. The net loss included $.5 million of non-cash charges associated with depreciation, amortization and stock-based compensation.  

For the six months ended June 30, 2010, the Company generated revenue of $400,625 compared to revenue of $772,182 in the year-earlier period. Gross profit was $163,498 for the 2010 six months ended, compared to $273,145 in the 2009 six months ended. The net loss for the 2010 six months was $(2.7) million, or $(0.00) per share, compared to a net loss of $(4.6) million or $(0.01) per share in the 2009 six months.

The Company has filed its Form 10-Q for the period ended June 30, 2010 with the Securities and Exchange Commission, and investors are encouraged to visit www.sec.gov to review this document, which includes financial tables and additional detail for the quarter ended June 30, 2010.

About MedClean Technologies, Inc.

MedClean Technologies, Inc. is a provider of innovative technology and services for the onsite treatment and disposal of regulated medical waste. MedClean's flagship MedClean® Series systems are fully integrated, turnkey technology solutions that enable hospitals and other healthcare providers to safely, efficiently, and cost-effectively convert bio-hazardous regulated medical waste into sterile, unrecognizable material suitable for disposal as municipal solid waste. MedClean was founded in 1997 with corporate headquarters, research and development and distribution facilities located in Bethel, Connecticut. Further information
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SOURCE MedClean Technologies, Inc.
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