BOUNTIFUL, Utah--(BUSINESS WIRE)--Specialized Health Products International, Inc. (OTCBB:SHPI - News), a leading developer and marketer of proprietary safety medical products, today announced that it was ranked Number 30 on MountainWest Capital Network’s 2007 Utah 100 List of Fastest Growing Companies. The Utah 100 list is based on revenue growth over the last five years.

“We are pleased to be recognized for the second year in a row as one of the fastest growing companies in the state of Utah,” commented Jeff Soinski, President and CEO of Specialized Health Products. “We have achieved a 91% compounded annual revenue growth rate since 2002, and transitioned the company to sustainable profitability in 2006. As a management team, we are focused on continuing to deliver profitable growth for our stockholders.”

Specialized Health Products has also received national recognition for its rapid revenue growth – being named to Deloitte’s Technology Fast 500, a ranking of the 500 fastest-growing technology companies in North America, for the past three consecutive years (2005–2007).

About Specialized Health Products International, Inc.

Specialized Health Products International, Inc. is a leading developer, manufacturer and marketer of proprietary disposable medical products for clinician and patient safety. Specialized Health Products has developed multiple safety needle products based upon a broad intellectual property portfolio that applies to virtually all medical needles used today. Specialized Health Products is a market leader in safety Huber needles, with four complementary product offerings. The Company has licensed or supplies other products to leading global healthcare companies, including Covidien, Bard Access Systems, and BD Medical. For more information about Specialized Health Products, visit the Company’s website at www.shpi.com.

This news release contains forward-looking statements 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.

Specialized Health Products International, Inc.
David Green, Chief Financial Officer, 801-298-3360
dgreen@shpi.com
or
CCG Investor Relations
Sean Collins, Senior Partner, 310-477-9800
sean.collins@ccgir.com