BETHEL, Conn., June 8 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 an agreement with Barnett Medical Services for MedClean 4400 Container/Mobile technology and services.
The agreement includes the purchase of equipment valued at $789,000 plus additional recurring consumable orders estimated at approximately $214,800 over the life of the contract bringing the total value of the transaction to more than $1 million. Barnett Medical Services, a premier provider of Medical Supplies and Medical Waste Transportation services for more than 50 years, will utilize the MedClean 4400 System to accelerate the growth of its Regulated Medical Waste Treatment business. This agreement enables Barnett Medical Services to establish a central processing facility in the Northern California region to treat and dispose regulated medical waste and shred confidential documents. The agreement also provides the basis for both companies to collaborate and target their integrated technology and services to the more than 230 large quantity medical waste generators and the nearly 1,500 medium quantity medical waste generators in Barnett's four-state Western region.
"The collaboration with Barnett Medical Services to establish a centralized processing center leverages our expertise to process medical waste and destroy confidential documents with Barnett's superior customer service capabilities and their already robust Medical Supplies and Medical Waste Transportation business," commented Dave Laky, President and CEO of MedClean Technologies, Inc. "We believe that our relationship with Barnett Medical Services provides them with the opportunity to expand their service offerings and grow their business within their regional network. In addition, this agreement further validates that MedClean's Distributor Network program reduces the sales cycle from months to weeks and that our strategy and market approach is working as anticipated. We were fortunate to partner with Barnett via our Distributor agreement just last month, and that relationship has already resulted in the purchase of Barnett's first system. This positive milestone demonstrates that we are executing our business plan and we are on pace to achieve our previously stated growth objectives."
Mr. Laky continued, "We have worked very hard identifying strategic partners, such as Barnett, that share our vision and values while striving to achieve growth and success in the marketplace. Our technology continues to offer superior cost savings, risk mitigation and quality to the health care community and this resonated with Barnett."
"We look forward to establishing our own onsite processing facility with MedClean's technology in the Northern California region, and working with MedClean's service team to establish our centralized processing center," added Brett Espicha, President and CEO of Barnett Medical Services. "Because of the capabilities of the Container/Mobile technology, it also provides us the flexibility to provide processing capabilities and services at point of generation locations in the future. The adaptability of this technology ensures that we are positioned properly to address our current and future needs. MedClean's technology is a natural fit to our environmentally sensitive mission statement and will allow us to expand rapidly throughout the four state western territory. We can now deliver comprehensive, one-stop sterilization and confidential document destruction services to our customers no matter how small or large their demands."
About Barnett Medical Services
Since 1961 Barnett has been supplying doctors, doctors groups & associations, dentists, schools, clinics, laboratories and government agencies with pharmaceuticals, medical & surgical supplies; record storage, retrieval and destruction.
Medical Waste Disposal Service - Barnett is one of the first companies in the Bay Area providing Medical Waste Disposal Service since 1990.
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.