Sales and Marketing Changes at Sharps Compliance

HOUSTON - Sharps Compliance Corp., leading providers of cost-effective medical waste disposal solutions for industry and consumers, has announced the resignation of Michael D. Archer, Senior Vice President of Sales and Marketing, to pursue other interests. The search for a successor with pharmaceutical, biotech and healthcare market experience is in process, with an announcement of a replacement expected in the near-term.

The Company also announced the appointment of Mr. Gene DuAime into the recently created position of Vice President of Pharmaceutical Sales. Mr. DuAime brings over 20 years of prior high-level pharmaceutical and healthcare sales experience to the Company, most recently with Business Edge Solutions and NDC Health. He is a graduate of Gwynedd Mercy College and St. Joseph’s University with an undergraduate degree in Clinical Chemistry and an advanced degree in Pharmaceutical marketing.

Additionally, Mr. Peter Brody, a Regional Vice President of Healthcare Sales, with the Company for over five years, will now expand his sales focus to include the emerging retail clinic market. Mr. Brody has been an integral component of the Company’s sales force and key contributor in the expansion of the sales to distributors in the Healthcare market.

Dr. Burt Kunik, Chairman, Chief Executive Officer and President of Sharps Compliance Corp. commented, “We appreciate the many contributions that Mike has made to the Company and wish him well in his future endeavors. We are excited to have Gene join our sales team and dedicate his efforts towards growing the pharmaceutical manufacturer market, which we believe is one of the largest emerging market opportunities available to us. We believe the recently announced $1.4 million order from a major pharmaceutical manufacturer for our Sharps Disposal By Mail System®, further validates the market opportunity as the industry recognizes the need for the proper disposal of used syringes by their patients to administer chronic drugs. As the leader in the mail back industry, we believe Sharps is well positioned to capture a significant portion of this emerging market.”

Dr. Kunik continued, “We believe the retail clinic market also presents excellent sales growth opportunities as retailers, such as pharmacies and discount retail stores, expand the presence of non-emergency care clinics in their facilities. We look forward to expanding Pete’s role to this market and increase our ability to win new customers. The Sharps Disposal By Mail System® is the ideal solution for the disposal of syringes used in key small quantity generator markets such as these.”