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MedClean Technologies Announces Third Quarter Results
Date:11/14/2011

he operational model and infrastructure required to enable the Company to expand into a service and recurring revenue model. Expansion into the "localized" waste processing center model will leverage the Company's new operational model and current infrastructure and will not impact  or extend the time it will take to achieve cash flow positive status.
  • Management has identified two partners at two separate locations where permitting and long-term waste contracts with surrounding medical facilities have conditionally been approved and would be utilized pending financial approval.
  • The Company expects to generate approximately $500,000 per year in revenue per facility based upon preliminary contract discussions with the surrounding waste generators and partners.
  • There are five to six additional locations that have been identified as potential follow-on locations with the model being repeatable in virtually any metropolitan area across the U.S. (the model requires only several millions of pounds of waste to be profitable).

  • Mr. Laky added, "Based on the business overview we have provided here today, and the progress we expect to achieve in the next few months, we anticipate conducting a conference call in conjunction with our fourth quarter and year-end financial disclosure. This call, which is expected to include a question and answer session for shareholders, is expected to be sometime in late March, pending timing of our year-end audit. We feel this will provide the best forum to provide additional color on our progress as over the past six months we have been predominantly focused on operations of the company."

    Third Quarter Financial Results:

    Total revenue for the quarter ended September 30, 2011 was $602,947 compared with $306,825 for the same period in 2010, an increase of  $296,121 million, or 96.5%.  In 2011 the Company was able to deliver systems completing contractual obli
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    SOURCE MedClean Technologies, Inc.
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