Sharps Compliance Corp. (NASDAQ: SMED) (“Sharps” or the “Company”), a leading full-service provider of cost-effective solutions designed for the proper management of medical waste, used healthcare materials and unused dispensed medications, announced today the launch of ComplianceTRACSM, a web-based compliance and training program designed to improve worker safety while satisfying applicable Occupational Safety and Health Administration (“OSHA”) and other requirements. David P. Tusa, Chief Executive Officer and President of Sharps Compliance Corp. stated, “ComplianceTRAC was developed and launched to provide our current and prospective customers and their employees with a convenient solution to improve workplace safety while complying with ongoing applicable regulatory requirements. Any person who may potentially be exposed to bloodborne pathogens, such as medical and dental professionals, first responders, adult care workers, maintenance workers as well as other health care professionals will benefit from this program.” The ComplianceTRAC program is a one-stop, interactive module, which includes online digital video training, comprehension testing, and training certificate for both Bloodborne Pathogens (“BBP”) and the Health Insurance Portability and Accountability Act of 1996 (HIPAA). The ComplianceTRAC program also provides management and tracking tools to make recordkeeping easy, as well as MSDS management with access to millions of MSDSs, OSHA safety plans builder, and audits. Mr. Tusa continued, “In addition to the health risk to employees and potential liability for facilities, incomplete or outdated OSHA manuals and training could result in OSHA citations and similar disruptions for healthcare-related businesses. With ComplianceTRAC, facilities are afforded the tools to update MSDSs, train employees on BBP standards, develop and update exposure control and other safety plans and perform safety audits to OSHA standards. ComplianceTRAC is designed to avoid citations and assists facilities with compliance with all applicable regulations.” For more information on the ComplianceTRAC program or to inquire about pricing, please visit www.mycompliancetrac.com or call 866-776-9316. About Sharps Compliance Corp. Headquartered in Houston, Texas, Sharps is a leading full-service provider of cost-effective management solutions for medical waste and unused dispensed medications. Its strategy is to capture a large part of the estimated $3.8 billion untapped market for unused medications, used syringes and medical waste generated outside of hospital and large health care settings by targeting the major agencies that are interrelated with this medical waste stream; including the U.S. government, pharmaceutical manufacturers, home healthcare providers, retail pharmacies and clinics, and the professional market which is comprised of physicians, dentists and veterinary practices. As a fully integrated medical waste management company providing customer solutions and services, the Company’s solid business model, which provides strong margins and significant operating leverage, combined with its early penetration into emerging markets, uniquely positions it for strong future growth.
The Company’s flagship product, the Sharps ® Recovery System™ is a comprehensive solution for the containment, transportation, treatment and tracking of medical waste generated outside the hospital and large health care facility setting. Its TakeAway System™ is designed for individual consumers, retail or mail-order pharmacies, communities and facilities including assisted living, long-term care and correction operations to facilitate the proper disposal of unused dispensed medications. The Complete Needle™ Collection & Disposal System is a safe, easy-to-use and cost-effective solution designed for self-injecting consumers and includes the Company’s containment, packaging, return shipping via the U.S. Postal Service, tracking and treatment.More information on the Company and its products can be found on its website at: www.sharpsinc.com. Safe Harbor Statement The information made available in this press release contains certain forward-looking statements which reflect Sharps Compliance Corp.’s current view of future events and financial performance. Wherever used, the words “estimate”, “expect”, “plan”, “anticipate”, “believe”, “may” and similar expressions identify forward-looking statements. Any such forward-looking statements are subject to risks and uncertainties and the company’s future results of operations could differ materially from historical results or current expectations. Some of these risks include, without limitation, the company’s ability to educate its customers, development of public awareness programs to educate the identified consumer, customer preferences, the Company’s ability to scale the business and manage its growth, the degree of success the Company has at gaining more large customer contracts, managing regulatory compliance and/or other factors that may be described in the company’s annual report on Form 10-K, quarterly reports on Form 10-Q and/or other filings with the Securities and Exchange Commission. Future economic and industry trends that could potentially impact revenues and profitability are difficult to predict. The Company assumes no obligation to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results express or implied therein will not be realized.