BETHEL, Conn., April 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 Barnett Medical Services, a premier provider of Medical Supplies and Medical Waste Transportation services for more than 50 years. This agreement will enable Barnett to expand its service offerings to include disposal services for municipal solid waste, pathological waste, and nuclear waste, as well as provide preventative and corrective maintenance services to health care clients in the Western region of the United States. The agreement also enables Barnett Medical Services to provide integrated onsite medical waste disposal and onsite document destruction technology and services as complementary services to its existing medical waste transportation services. The structure of the agreement enables both companies to collaborate on 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 the four-state Western region with the expectation to generate new business yielding $1 million to $2 million in revenue for each company in the first year of the partnership while accelerating toward a target of 10 percent market penetration in this market segment in future years of the relationship.
"Barnett Medical Services can now offer medical waste disposal and document destruction technology onsite, or create off-site processing stations and services to hospital clients with a MedClean System that complements their medical waste transport business," commented Dave Laky, President and CEO, MedClean Technologies, Inc. "This alliance provides further validation that MedClean's on-demand, on-site container technology offers the flexibility to handle a hospital's onsite processing needs or can be set up in a manner to support centralized waste processing for a service bureau approach to waste processing. Our technology continues to offer superior cost savings, risk mitigation and quality to the health care community when compared to traditional offsite hauling only solutions."
"Barnett Medical Services is excited about its partnership with MedClean Technologies as it completes its cradle-to-grave medical disposal service," added Brett Espicha, President and CEO of Barnett Medical Services. "MedClean's technology is a natural fit to our environmentally sensitive mission statement. Our relationship with MedClean Technologies will allow us to expand rapidly throughout the four western states. We will be able to deliver to our customers, no matter how small or how large a generator of medical waste, a disposal system that makes the most sense to them."
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