BETHEL, Conn., July 13 MedClean Technologies (OTC Bulletin Board: MCLN), the leading provider of onsite technology for the treatment and disposal of medical waste and the destruction of confidential documents and related media, today announced it has signed a distributor agreement with Ace Technologies ("Ace"), Inc., an industry leader in providing full turn-key network solutions, security, and monitoring services in Canada. To facilitate distribution, Ace has formed a new company, MedClean Canada, to deliver integrated onsite medical waste disposal and onsite document destruction technology and services to target over 2,000 Canadian Hospitals. Each party expects to recognize $1 million to $2 million in revenue in the first year of the agreement.
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MedClean Canada will be responsible for the entire country as it expands its sales force and opens remote offices in the Prairie Region and Vancouver. Ace Technologies has established relationships with 41 hospitals throughout Canada for network solutions, security, and monitoring services, and MedClean Canada anticipates leveraging this installed base and the existing relationships, targeting a large number of hospitals throughout Canada as potential customers. Accordingly, MedClean Canada is uniquely equipped to deliver MedClean Technologies' cost-reduction message to the appropriate executives in this marketplace in an expeditious manner and will be perfectly positioned to service both French and English customers. MedClean Canada will serve as the focal point for installations, training and preventative maintenance for the Canadian market for MedClean Technologies.
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"MedClean Canada can now offer medical waste disposal and document destruction technology on-site to its healthcare clients throughout Canada," commented David Laky, President and CEO, MedClean Technologies, Inc. "This alliance provides further validation that MedClean's proven and proprietary on-demand, on-site container technology and distribution program is being recognized both nationally and internationally. Our technology continues to offer superior cost savings, risk mitigation and quality to health care communities when compared to traditional off site hauling solutions. As our network of quality partners continues to expand, covering an increasingly large portion of North America, we are building the foundation to grow our business today and well into the future."
"We are very excited about becoming a full, turn-key distributor of MedClean Technologies in Canada, and pleased to have the opportunity to establish MedClean Canada, a new organization, to target over 2,000 Hospitals throughout Canada," added Eric Chetrit, Ace Technologies President. "MedClean's technology is a natural extension to our healthcare customers. Currently, we have relationships with 41 hospitals, including many of the largest hospital and healthcare institutions in all of Canada and anticipate immediate interest in MedClean Technologies cost-reduction solutions."
About Ace Technologies
Established in 1989, Ace Technology is an industry leader in providing full turnkey network solutions, security, and monitoring services in Canada. From on-site consultation to reliable network installations, Experienced specialists provide customized solutions tailored to the specific needs of our corporate clientele in the mid to large market segments. This includes clients in the private and public sector as well as in the provincial and municipal government. Our present involvement in the hospital environments is perfectly positioned to integrate MedClean's leading edge technology.
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 on MedClean can be found at www.medcleantechnologies.com and in filings with the Securities and Exchange Commission found at www.sec.gov.
Statements about our future expectations are "forward-looking statements" within the meaning of applicable Federal Securities Laws, and are not guarantees of future performance. When used herein, the words "may," "will," "should," "anticipate," "believe," "appear," "intend," "plan," "expect," "estimate," "approximate," "potential" and similar expressions are intended to identify such forward-looking statements. These statements involve risks and uncertainties inherent in our business, including those set forth in our most recent Annual Report on Form 10-K for the year ended December 31, 2009, filed with the SEC on March 3, 2010, and other filings with the SEC, and are subject to change at any time. Our actual results could differ materially from these forward-looking statements. We undertake no obligation to update publicly any forward-looking statement.
Contact: Cameron Donahue Hayden IR (651) 653-1854
SOURCE MedClean Technologies, Inc.
