Sharps Compliance Corp., a leading provider of cost-effective disposal solutions for medical and pharmaceutical waste generated outside the hospital setting, announced that its common stock has been approved for listing on the NASDAQ Capital Market under the new symbol “SMED.” The company anticipates that its stock will begin trading on the NASDAQ Capital Market on Wednesday, May 6, 2009.
Chairman and CEO Dr. Burton J. Kunik stated, “Sharps’ strong and consistent growth over the last few years has pushed our fundamentals to a point that more than meet the financial, liquidity and corporate governance requirements for listing on the NASDAQ. Achieving a NASDAQ Capital Market listing is another major milestone in our growth as a company and for our shareholders and we believe will provide greater visibility and liquidity for our stock.”
Dr. Kunik added, “Over the past year we have re-aligned our business, focusing more on providing systems and services for the disposal of medical waste. Our new ticker symbol (SMED) better reflects that focus and our business.”