Sharps Compliance Corp. Announces Filing of Registration Statement for Public Offering...

Sharps Compliance Corp. Announces Filing of Registration Statement for Public
Offering of Common Stock

HOUSTON, Nov. 12, 2009 (GLOBE NEWSWIRE) -- Sharps Compliance Corp. (Nasdaq:SMED)
("Sharps" or the "Company"), a leading full-service provider of cost-effective
disposal solutions for medical waste and unused dispensed medications generated
outside the hospital and large healthcare facility setting, announced today that
is has filed a registration statement on Form S-3 with the Securities and
Exchange Commission relating to the public offering of 3,220,000 shares of its
common stock, of which 500,000 shares will be sold by the Company and 2,720,000
shares will be sold by certain of its stockholders. The Company and the selling
stockholders also intend to grant the underwriters a 30-day option to purchase
up to an additional 77,146 and 405,854 shares of common stock, respectively, to
cover over-allotments, if any.

The net proceeds from the shares sold by the Company will be used for general
working capital purposes. The Company will not receive any proceeds from the
sale of shares by the selling stockholders.

William Blair & Company is acting as the sole book running manager and
Barrington Research Associates, Inc. is acting as co-manager for the offering.

The public offering is being made only by means of a prospectus, copies of which
may be obtained, when available, from:

William Blair & Company, L.L.C.
Attention: Prospectus Department
222 West Adams
Chicago, Illinois 60606
Telephone: 800-621-0687
A registration statement (including a prospectus) relating to the offering to
which this communication relates has been filed with the Securities and Exchange
Commission, but has not yet become effective. These securities may not be sold
nor may offers to buy be accepted prior to the time the registration statement
becomes effective. This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of these securities
in any state or jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of any
such state or jurisdiction.

About Sharps Compliance Corp.

Headquartered in Houston, Texas, Sharps is a leading full-service provider of
cost-effective disposal solutions for medical waste and unused dispensed
medications generated outside the hospital and large healthcare facility
setting. The Company's flagship product, the Sharps Disposal by Mail System(R),
is a cost-effective and easy-to-use solution to dispose of medical waste such as
hypodermic needles, lancets and any other medical device or objects used to
puncture or lacerate the skin (referred to as "sharps").

Safe Harbor Statement

The information made available in this press release contains certain
forward-looking statements which reflect Sharps Compliance Corp.'s current view
of future events and financial performance. Wherever used, the words "estimate,"
"expect," "plan," "anticipate," "believe," "may" and similar expressions
identify forward-looking statements. Any such forward-looking statements are
subject to risks and uncertainties and the company's future results of
operations could differ materially from historical results or current
expectations. Some of these risks include, without limitation, the company's
ability to educate its customers, development of public awareness programs to
educate the identified consumer, customer preferences, the Company's ability to
scale the business and manage its growth, the degree of success the Company has
at gaining more large customer contracts, managing regulatory compliance and/or
other factors that may be described in the company's annual report on Form 10-K,
quarterly reports on Form 10-Q and/or other filings with the Securities and
Exchange Commission. Future economic and industry trends that could potentially
impact revenues and profitability are difficult to predict. The company assumes
no obligation to publicly update or revise its forward-looking statements even
if experience or future changes make it clear that any projected results express
or implied therein will not be realized.

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CONTACT: Sharps Compliance Corp.
David P. Tusa, Executive Vice President, Chief Financial
Officer & Business Development
(713) 660-3514
dtusa@sharpsinc.com

Kei Advisors LLC
Investor Relations
Deborah Pawlowski
(716) 843-3908
dpawlowski@keiadvisors.com