BETHEL, Conn., Dec. 14, 2010 /PRNewswire-FirstCall/ -- 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 Sunbelt Medical Services, Inc., one of its distributors, for the purchase of a MedClean 4500 fixed-based sterilization system.
The agreement includes the purchase of the equipment valued at slightly more than $700,000 plus additional recurring consumable orders for the life of the equipment, estimated to be over 10 years. Sunbelt will expand its operations to include a centralized waste sterilization processing center within the Southeast region.
"Sunbelt represents our third sale occurring within a significantly reduced sales cycle timeline since mid-year to a distributor partner which also provides waste transportation services," commented David Laky, President and CEO of MedClean Technologies, Inc. "We have identified and executed on a need in this marketplace; regional processing centers that provide quality service at reduced prices versus the traditional large processor who can set market prices at rates that represent a disadvantaged position for the local transporter. Sunbelt is another high-quality strategic partner with a president and CEO who has more than 20 years of experience in the market. Sunbelt will offer processing services to other regional haulers and will also assist MedClean with regional service support as well as ongoing Preventive Maintenance obligations throughout the southeastern region. This relationship represents a very exciting opportunity to MedClean."
"The Agreement provides the basis for an extremely positive start to the first half of 2011 and also positions MedClean to meet our projected 2011 revenue goals as well," continued Mr. Laky. "Our backlog increases from $1.9 million, as reported in our 2010 third quarter 10Q, to $2.6 million. Our recurring revenue from the use of consumables represents another $2,500 to $3,500 per month over the life of the equipment and our overall service expenses will actually be reduced through the use of Sunbelt's regional service technicians when used on local service calls throughout the region. Our strategic plan to build a network of regional processing centers throughout North America continues to be validated through our recent successes. Historically, distributors ramp up over a six- to nine-month period and we expect to continue to see orders placed by the early adopters after that initial ramp-up period as well. We are extremely pleased that we can assist in building value for the local independent waste transporter while at the same time provide alternative prices at superior price points for the waste generators. We will continue to focus on our relationship with the IMWTA as the stepping stone to building these regional processing hubs as we establish a national organization for the transportation and processing of medical waste."
"The development of a processing center using the MedClean 4500 system enables us to reduce operating costs while better serving our customers within the region," commented Doug Sayers, President and CEO at Sunbelt Medical Services, Inc. "We are actively working with other regional transporters to provide services that are local to their businesses at fair prices. Adding processing capabilities that reduce overall operating expenses, generating a new revenue stream from processing other regional haulers' waste, and being able to rely on consistent and timely access to processing capabilities, will not only improve quality of service, but will also increase the overall value of my business."
About Sunbelt Medical Services, Inc.
Founded in 1989, Sunbelt Medical Services, Inc. is dedicated to servicing the growing medical waste disposal needs of the medical community in Georgia, North and South Carolina. Sunbelt's approach is to accommodate their client's waste needs with service plans designed to safely and efficiently remove regulated medical waste at the best possible price. Sunbelt's excellent service has been the cornerstone for keeping their customers satisfied for more than 20 years.
Douglas Sayers formed Sunbelt Medical and developed the Company into a well-established medical waste transporter capable of addressing the varying waste streams of its customers throughout the Southeastern region of the United States. With over 4,000 customers, and over 80,000 pounds of RMW per month already being transported under his management, Doug is an expert in the Medical Waste business.
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.
SOURCE MedClean Technologies, Inc.