i_like_bb_stock, New MCLN Contract Discovery... Here is a response I just made to someone who just uncovered a MCLN contract awarded to them by MDAS:NASDAQ below:
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With this MCLN Contract with MDAS:NASDAQ... That is also IBox material for MCLN.
Being awarded a contract from MedAssets earlier this year is huge. MedAssets trades as MDAS on the NASDAQ at $22.00+ per share. I have no idea how we all had missed this piece of DD from our earlier DD, but that is an oversight that is very much welcomed. This contract awarded to MCLN by MedAssets shows that we are definitely undervalued in my opinion. Thanks for sharing this piece of DD.
MedAssets, Inc. http://www.medassets.com/ http://finance.yahoo.com/q/pr?s=MDAS Here is the PR below:
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http://www.reuters.com/article/pressRelease/idUS119193+26-Mar-2009+PRN20090326 MedClean Technologies, Inc. Awarded MedAssets Supply Chain Systems Contract Thu Mar 26, 2009 8:00am EDT
MedClean to Offer RMW Solutions to MedAssets' GPO Customer Hospitals BETHEL, Conn., March 26 /PRNewswire-FirstCall/ -- MedClean Technologies, Inc.
(OTC Bulletin Board: MCLN), a provider of innovative technology and services
for onsite treatment and disposal of regulated medical waste (RMW), today
announced that
its RMW solutions, including its flagship MedClean(R) Series
Systems, has been awarded a contract by MedAssets Supply Chain Systems, a
leading group purchasing organization. The MedClean Series System is a turnkey
RMW solution for customer hospitals and hospital networks to manage RMW and
the destruction of confidential documents.
MedAssets Supply Chain Systems is one of the nation's largest group purchasing
organizations (GPOs) providing innovative solutions for healthcare providers
to improve their margins and cash flow. MedAssets awards vendor contracts
based on extensive criteria including product quality and customer service.
The terms of the contract make the MedClean Series immediately available to
MedAssets' hospital and IDN GPO customers. "We are excited to collaborate with MedAssets and believe that the
relationship with this leading GPO will enable us to provide our proven
MedClean solutions to an expanding base of potential hospital customers," said
Scott Grisanti, President and CEO of MedClean Technologies, Inc.
"We are proud
that our solution meets the rigorous requirements of MedAssets and excited to
help MedAssets' customers meet their regulatory requirements for processing
RMW and the destruction of confidential documents, while simultaneously
helping these customers to reduce their expenses, minimize liability and
protect the environment. This unique relationship expands our market reach. We
look forward to a long and mutually productive relationship." Mark Miriani, president of MedAssets Supply Chain Systems added, "MedClean's
on-demand, containerized solutions, along with a variety of acquisition
options, including purchase and lease, provide an excellent opportunity for
our customers to achieve best practices in RMW handling and confidential
document destruction. We are excited to deliver this new and significant value
to our customers through our relationship with MedClean." MedClean(R) Series Systems deliver proven ability to treat and dispose of RMW
and provide HIPAA-compliant destruction of confidential documents in an
efficient, compliant, safe and cost-effective manner, lowering costs and
reducing risk for hospitals and providing a superior alternative to other
on-site technologies and outsourced hauling. A single MedClean on-demand
container system can treat 1 million pounds of RMW per year, in addition to
handling confidential document destruction, with a smaller footprint required
compared to multiple vendors handling different tasks for a hospital. About MedAssets Supply Chain Systems, LLC
MedAssets (Nasdaq: MDAS) partners with healthcare providers to improve their
financial strength by implementing integrated spend management and revenue
cycle solutions that help control cost, improve margins and cash flow,
increase regulatory compliance, and optimize operational efficiency. MedAssets
serves more than 125 health systems, 3,300 hospitals and 30,000 non-acute care
healthcare providers. For more information, visit www.medassets.com. 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(R) 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
http://www.medcleantechnologies.com and in filings with the Securities and
Exchange Commission found at
http://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," 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, 2007, filed
with the SEC on March 31, 2008, 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.
Contacts:
MedClean Technologies, Inc. Investor Contact:
Kevin Dunphy Cameron Donahue
Chief Financial Officer Hayden IR
(203) 798-1080 (651) 653-1854
kdunphy@medcleantechnologies.com cameron@haydenir.com
SOURCE MedClean Technologies, Inc.
Kevin Dunphy, Chief Financial Officer of MedClean Technologies, Inc.,
+1-203-798-1080, kdunphy@medcleantechnologies.com; or Investors, Cameron
Donahue of Hayden IR, +1-651-653-1854, cameron@haydenir.com, for MedClean
Technologies, Inc.
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v/r
Sterling