Sharps Compliance Announces New Credit Facility

Sharps Compliance Corp. SMED ("Sharps" or the "Company"), a leading full-service national provider of comprehensive waste management solutions including medical, pharmaceutical and hazardous, announced that it has entered into a new $9.0 million credit facility with a commercial bank. The new facility will be available for, (i) working capital and other general corporate purposes (up to $4 million) and (ii) funding for acquisitions (up to $5 million). The agreement replaces the Company's existing credit facility. David P. Tusa, President and Chief Executive Officer of Sharps, commented, "This new credit facility enhances our current strong liquidity position and provides greater financial flexibility to support our growth plans. In addition to supporting continued organic growth, the new credit facility provides additional resources to support potential acquisitions that could expand our market reach or enhance our product offering." Details of the new credit agreement are outlined in the Company's Current Report on Form 8-K, which will be filed with the Securities and Exchange Commission.