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Sharps Compliance Corp. Announces $1.5 Million Line of Credit and New Banking Relationship; JPMorgan Chase Bank Line of Credit Available For Working Capital, Letters of Credit, Acquisitions and General Corporate Purposes.

Publication: Business Wire
Publication Date: 28-MAR-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
HOUSTON -- Sharps Compliance Corp. and subsidiaries (OTCBB:SCOM) ("Sharps" or the "Company"), leading providers of cost-effective medical waste disposal solutions for industry and consumers, today announced the execution of a $1.5 million Credit Agreement with JPMorgan Chase Bank, N.A.

The Credit Agreement provides for a revolving line of credit (the "Line of Credit") in the principal amount of $1.5 million. The proceeds of the Line of Credit may be used for working capital, letters of credit, acquisitions and general corporate purposes.

Regarding the announcement, Dr. Burton J....

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