On April 15, 2010, PR Newswire reported that MedClean Technologies, Inc. (OTC:MCLN) and Verde Enterprises LLC executed a distribution agreement to provide on-site integrated medical waste disposal and document destruction services. The intent of the agreement is to pave a path for both companies to collaborate and serve approximately 250 large-quantity medical waste generators in New York and New Jersey in hopes of producing approximately $2 million in new business. I checked the MCLN website this morning, but the PR News release was not yet posted.
Here is an updated recap of MCLN’s recent strategic developments.
- Distributorship with Verde Enterprises
- 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
This news release served to further solidify my belief in MCLN and their ability to increase their share price over the next year or so. While the alliances are critical to the successes of MCLN, they only represent one side of the coin. Unless MCLN substantiates their claims with actual sales, the millions of dollars generated by the proposed new business represent nothing more than dreams expressed in written words.
Remember, 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.
Disclosure: LA Long MCLN