HOUSTON, April 19, 2013 (GLOBE NEWSWIRE) -- Sharps Compliance Corp. (Nasdaq:SMED) in conjunction with the National Community Pharmacists Association (NCPA ®) announces an earth friendly alternative for collecting and disposing unused medications. In celebration of Earth Day, Monday, April 22, many of the Dispose My Meds community pharmacies are promoting the program and encouraging proper disposal of unused medications utilizing Sharps' TakeAway Environmental Return System™. Check out the online resource at www.disposemymeds.org to search the nearly 1,600 community pharmacies that provide consumers with the safe disposal option in the form of a community return drop-box. "Safe and practical disposal programs, such as Dispose My Meds, make a real difference in addressing this growing public health concern," said NCPA CEO B. Douglas Hoey, RPh, MBA. "I commend these pharmacies for taking part for the good of their communities and the safety of their patients. Our hope is that consumers will gain a greater appreciation of the services offered at their local community pharmacy and join us in participating in safe medication disposal." In an ongoing effort, NCPA is encouraging other community pharmacies to voluntarily sign up for the program. "It is estimated that nearly 40 percent of all patient medications dispensed go unused, generating over 250 million pounds of harmful materials polluting our rivers, streams and water systems each year," stated David P. Tusa, President and CEO of Sharps Compliance. "Sharps is helping to define innovative solutions which support environmental and social responsibility. This program also provides an opportunity for the local pharmacist to interact and counsel more with their customers to ensure they are properly managing their medications, including improved adherence." The program utilizes Sharps Compliance's TakeAway Environmental Return System™, which provides consumers with a cost effective solution to effectively and properly dispose of unused medications, in an earth friendly manner. The returned medications are processed via Sharps' waste conversion process thereby keeping them out of landfills and waterways while producing a fuel source used in the generation of electricity.
About the National Community Pharmacists AssociationThe National Community Pharmacists Association (NCPA®) represents the interests of America's community pharmacists, including the owners of more than 23,000 independent community pharmacies. Together they represent an $88.5 billion health care marketplace, dispense nearly 40% of all retail prescriptions, and employ more than 300,000 individuals, including over 62,000 pharmacists. To learn more go to www.ncpanet.org or read NCPA's blog, The Dose, at http://ncpanet.wordpress.com/. About Sharps Compliance Corp. Headquartered in Houston, Texas, Sharps Compliance is a leading full-service provider of solutions for the cost-effective management of medical waste, used healthcare materials and unused dispensed medications. Its strategy is to capture a large part of the estimated $3.8 billion untapped market for its solutions by targeting the major agencies that are interrelated with this medical waste stream, including pharmaceutical manufacturers, home healthcare providers, retail pharmacies and clinics, the U.S. government 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 and used healthcare materials. The Company's TakeAway Environmental Return 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.
The Company has partnered with Daniels Sharpsmart in a joint marketing alliance to serve the entire U.S. medical waste market, offering customers a blended product portfolio to effectively target healthcare customers with multi-site and multi-size locations. The alliance also enables a team effort for cross selling each company's capabilities where best suited.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.
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