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Retractable Technologies, Inc. Acts to Reduce Annual Operating Expenses by $6 Million.

Publication: Business Wire
Publication Date: 30-JUN-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
LITTLE ELM, Texas -- Retractable Technologies, Inc. (AMEX: RVP), a leading maker of safety needle devices, continues to experience significant barriers against our efforts to establish access for sales of our products. With limited access to capital markets, we have determined that in the interest of the long-term survival of the Company, we would reorganize some of the Company's functions, and implement staff reductions, all in order to minimize our cash expenditures and conserve our resources. We are announcing today a number of cost-cutting measures...

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