Exhibit 99.1

Sharps Compliance Corp. Announces Increase in Line of Credit with JPMorgan Chase

    HOUSTON--(BUSINESS WIRE)--Feb. 5, 2007--Sharps Compliance Corp.
(OTCBB:SCOM) ("Sharps" or the "Company"), a leading provider of
cost-effective medical waste disposal solutions for industry and
consumers, today announced that it has increased its line of credit
with JPMorgan Chase from $1.5 to $2.5 million.

    The company entered into the initial credit facility on March 27,
2006. The maturity date of the line of credit has also been extended
to March 27, 2009. The interest rate charged for borrowings under the
terms of the facility provide for prime rate or LIBOR plus a margin of
2.75%. The line is available for working capital, letters of credit,
acquisitions and general corporate purposes. As of today, there are no
borrowings under this credit facility.

    Dr. Burton J. Kunik, Chairman, Chief Executive Officer and
President of Sharps Compliance Corp., commented, "The increased and
extended line of credit provides us with greater financial flexibility
to support our growth plans. We believe we have significant
opportunity to grow sales by increasing our penetration in the many
markets we serve. Although, we continue to tightly control our
overhead, we are investing in our efforts to broaden our market
channels, focus our direct sales activities and develop key
relationships with prospective customers. Additionally, there may be
opportunities for acquisitions that could either expand our market
reach or enhance our product offering. We believe that having a
relationship with a premier institution like JP Morgan reinforces the
prospects we have to grow this business."

    About Sharps Compliance Corp.

    Headquartered in Houston, Texas, Sharps is a leading provider of
cost-effective medical waste disposal solutions for industry and
consumers. The Company's primary products include the Sharps Disposal
by Mail System(R), Pitch-It(TM) IV Poles, Trip LesSystem(R), Sharps
Asset Return System, Sharps Secure(R), Sharps SureTemp Tote(R),
Biohazard Spill Clean-Up Kit and Disposal System and IsoWash(R) Linen
Recovery System. 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"). The Company is a fully integrated
manufacturer and markets its products to the healthcare, retail,
agriculture, commercial, industrial, hospitality, professional,
residential, government and pharmaceutical markets. Sharps is a
leading proponent and participant in the development of public
awareness and solutions for the safe disposal of needles, syringes and
other sharps in the community setting.

    The Company is the exclusive supplier of Sharps Disposal by Mail
Systems(R) to the Consumer Health Care division of Becton, Dickinson
and Company. Sharps also maintains an exclusive sales and marketing
arrangement with Waste Management, Inc. whereby Sharps provides safe
disposal systems and related services for Waste Management's
residential and commercial customers.

    More information on Sharps Compliance can be found on its website
at: www.sharpsinc.com.

    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, managing regulatory compliance and/or
other factors that may be described in the company's annual report on
Form 10-KSB, quarterly reports on Form 10-QSB 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.

    CONTACT: Sharps Compliance Corp.
             Executive Vice President, Chief Financial Officer
             & Business Development
             David P. Tusa, 713-660-3514
             dtusa@sharpsinc.com
             or
             Kei Advisors LLC
             Investor Relations
             Tammy Swiatek, 716-843-3853
             tswiatek@keiadvisors.com