Sharps Compliance Corp. Announces Joint Marketing Agreement With McKesson Health Solutions
29 Ottobre 2003 - 4:16PM
PR Newswire (US)
Sharps Compliance Corp. Announces Joint Marketing Agreement With
McKesson Health Solutions HOUSTON, Oct. 29 /PRNewswire-FirstCall/
-- Sharps Compliance Corp. (BULLETIN BOARD: SCOM) ("Sharps") and
subsidiaries, leading providers of cost-effective medical waste
disposal solutions for industry and consumers, today announced a
Joint Marketing Agreement with McKesson Health Solutions. McKesson
Health Solutions, a subsidiary of McKesson Corporation, is a leader
in the design, implementation and management of marketing programs,
specialty pharmaceutical services and patient support centers that
help pharmaceutical and biotechnology manufactures successfully
commercialize their products. The Joint Marketing Agreement
represents a mutually exclusive business arrangement to co-market
and sell the Sharps Disposal by Mail System(TM) products and
services to pharmaceutical manufacturers and biotechnology
companies. This program provides for the safe disposal of used
syringes and small quantity medical waste at a facility dedicated
for this purpose, transported via the convenience of the United
States mail. The Sharps Disposal by Mail System(TM) is designed to
protect the community against the potential for accidental needle
sticks and the environment from contaminated biomedical waste. This
process offers many advantages over current disposal methods which
often require patients or their caregivers to personally transport
waste materials to a community pick-up site or health care
facility. The initial term of the exclusive Agreement is three (3)
years. Regarding the announcement, Dr. Burt Kunik, Chairman, Chief
Executive Officer and President of Sharps Compliance Corp. stated,
"We are very pleased to enter into this Joint Marketing Agreement
with a world class organization such as McKesson Health Solutions.
We have been extremely impressed with McKesson and our joint
opportunity. We look forward to a long-term and mutually successful
business arrangement." According to Brian Tyler, president of
McKesson Health Solutions, "This agreement will allow us to provide
our manufacturer customers with a safe, convenient new tool that
they in turn can offer to patients who use their injected
medications. The Sharps Disposal by Mail System(TM) fits very well
into our comprehensive array of patient support services, and it
further enhances our ability to deliver total solutions that help
patients effectively manage their therapeutic experience." Kunik
added, "The McKesson opportunity expands our business model outside
of our core home healthcare, retail and residential markets to the
pharmaceutical and biotechnology markets. Our current
infrastructure and management team is well suited to efficiently
and effectively execute this expansion into new market areas." In
addition to the McKesson Agreement, Sharps has existing exclusive
manufacturing and distribution agreements through strategic
alliances with other industry leading companies, including the
Consumer Health Care division of Becton, Dickinson and Company and
Waste Management, Inc., to provide cost effective medical waste
disposal solutions to diverse market sectors. Headquartered in
Houston, Texas, Sharps is a leading developer of superior solutions
for improving safety, efficiency and cost related to the proper
disposal of medical waste by industry and consumers. The Company's
products and services represent cutting edge solutions for a
variety of industries dealing with the complexity of managing
regulatory compliance, environmental sensitivity, employee and
customer safety, corporate risk, and operating costs related to
medical waste disposal. Sharps is a leading proponent and
participant in the development of public awareness and solutions
for the safe disposal of needles, syringes, and other sharps in the
community setting. Sharps Compliance Corp.'s common stock trades on
the OTC Bulletin Board under the symbol SCOM. Any forward-looking
statements in this release are made pursuant to the "safe harbor"
provisions of the Private Securities Litigation Act of 1995.
Investors are cautioned that actual results may differ
substantially from such forward-looking statements. Forward-looking
statements involve risks and uncertainties including, but not
limited to, continued acceptance of the Company's products and
services in the marketplace, competitive factors, new products and
technological changes, dependence upon third-party vendors,
customer relations, government supervision and regulation, changes
in industry practices, changes in third-party expense reimbursement
procedures, and other risks detailed in the Company's periodic
filings with the Securities and Exchange Commission. DATASOURCE:
Sharps Compliance Corp. CONTACT: David P. Tusa, Senior Vice
President & Chief Financial Officer of Sharps Compliance Corp.,
+1-713-432-0300, or Web site: http://www.sharpsinc.com/
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