Specialized Health Products Ranked 18th Fastest Growing Company in Utah on MountainWest Capital Network's Utah 100 List.BOUNTIFUL, Utah Bountiful is a city in Davis County, Utah, United States. As of the 2000 census, the city population was 41,301, a small increase over the 1990 figure of 37,544. The estimated population in 2004 was 41,173, a slight decrease from 2000. -- Specialized Health Products International, Inc. ("SHPI SHPI Symposium on High Performance Interconnects ") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : SHPI), a manufacturer and marketer of proprietary safety medical devices, today announced that it was ranked 18th on MountainWest Capital Network's Utah 100 List of Fastest Growing Companies. The Utah 100 list is based on sustained revenue growth over the last five years. "We are pleased to be recognized as one of the fastest growing companies in the state of Utah," commented SHPI's President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Jeff Soinski. "We have achieved a 91% compounded annual revenue growth rate since 2001, driven primarily by the launch of multiple new safety needle product lines over the past five years. We attribute the success of these products to our commitment to developing innovative medical devices designed to maximize the efficiency and quality of healthcare, while providing safety for the clinician clinician /cli·ni·cian/ (kli-nish´in) an expert clinical physician and teacher. cli·ni·cian n. and patient." SHPI has previously received recognition for its rapid revenue growth - being named to Deloitte's 2005 and 2006 Technology Fast 500, a ranking of the 500 fastest-growing technology companies in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . About Specialized Health Products International, Inc. Specialized Health Products International, Inc. ("SHPI") is a leading developer, manufacturer and marketer of proprietary disposable medical devices for clinician and patient safety. SHPI has developed multiple safety needle products based upon a broad intellectual property portfolio that applies to virtually all medical needles used today. SHPI manufactures and markets certain products, including three of the leading brands in the safety Huber needle market, under its own label. It licenses or supplies other products to leading manufacturers and marketers in the global disposable medical products industry, including Tyco Healthcare Tyco Healthcare was the former healthcare division of Tyco International Ltd. On June 29, 2007 it became a wholly independent publicly traded company named Covidien Ltd. , Bard bard, in Wales, term originally used to refer to the order of minstrel-poets who composed and recited the poems that celebrated the feats of Celtic chieftains and warriors. Access Systems, and BD Medical. In June 2006, SHPI merged with The Med-Design Corporation, another leading technology provider in the safety medical needle space. For more information about SHPI, visit the company's website at www.shpi.com. About MountainWest Capital Network The MountainWest Capital Network, www.mwcn.org, is Utah's first and largest business networking This article needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. organization devoted to supporting entrepreneurial success. The Utah 100, launched in 1995, is Utah's first business-growth recognition program and acknowledges companies for their significant contributions to the state and its expanding economy. MountainWest Capital Network and the MountainWest Capital Network/Utah 100 Logo are trademarks of the MountainWest Capital Network, a Utah non-profit corporation. This news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The Company may experience significant fluctuations in future operating results due to a number of economic conditions, risks in product and technology development, the effect of the Company's accounting policies and other risk factors detailed in the Company's SEC filings. These factors and others could cause operating results to vary significantly from those in prior periods and those projected in forward-looking statements. Additional information with respect to these and other factors, which could materially affect the Company and its operations, are included on certain forms the Company files with the Securities and Exchange Commission. |
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