On April 13, 2010, PR Newswire reported that MedClean Technologies, Inc. (MCLN) and Barnett Medical Services (Barnett) signed a distributor agreement to synergize the service portfolio of both firms and to target the more than 230 large quantity medical waste generators and 1,500 medium quantity medical waste generators throughout the four western states currently served by Barnett. Brett Espicha, President and CEO of Barnett said the new alliance provides them with a “cradle-to-grave” medical waste disposal service, an opportunity for both firms to achieve expected revenues of $1MM to $2MM in the first year and lays the ground work for a 10 percent market penetration prospectively.
The alliance with Barnett is one of the many recent strategic puzzle pieces Mr. Laky, President and CEO of MCLN, has pulled together to enable them to achieve their 100% compounded annual growth rate target over the next five years.
Recent Strategic Developments for MCLN
- Distributorship with Barnett Medical Services
- Partnership with Salesconx
- The launch of MedClean’s MC4100/MC4200 products
- Co-marketing agreement with Green Umbrella Solutions
- Record 2009 Financial Results
I am of the opinion that MCLN has the potential to increase their share price over the next year or so, however, since MCLN is a penny stock, it is a risky investment and the price of the stock is subject to rapid fire up/down fluctuations. Remember the importance of doing your own Due Diligence before investing your money in this or any other stock and do not base your buy/sell decisions on the opinions and comments of LA Stock Talk.
LA
Disclosure: LA Long MCLN
Tuesday, April 13, 2010
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