Full Press Release Details
RETRACTABLE TECHNOLOGIES, INC. DECLARES DIVIDENDS TO
SERIES II AND III CLASS B PREFERRED STOCK SHAREHOLDERS
LITTLE ELM, Texas, September 30, 2022 - Retractable
Technologies, Inc. ("Retractable") (NYSE American: RVP) announced today that its Board of Directors has declared dividends
to holders of its Series II Class B and Series III Class B Convertible Preferred Stock in the amounts of $39,050.00
and $19,061.25, respectively. Dividends have accrued at $1.00 per share per annum. The dividends cover the period beginning July 1,
2022 through September 30, 2022. The dividends will be paid on October 21, 2022 to shareholders of record as of the close of
business on October 11, 2022.
Retractable manufactures and markets VanishPoint
and Patient Safe safety medical products and the EasyPoint needle. The VanishPoint syringe,
blood collection, and IV catheter products are designed to prevent needlestick injuries and product reuse by retracting the needle directly
from the patient, effectively reducing exposure to the contaminated needle. Patient Safe syringes are uniquely designed
to reduce the risk of bloodstream infections resulting from catheter hub contamination. The EasyPoint is a retractable
needle that can be used with luer lock syringes, luer slip syringes, and prefilled syringes to give injections. The EasyPoint
needle also can be used to aspirate fluids and for blood collection. Retractable's products are distributed by various specialty and general
more information on Retractable, visit its website at www.retractable.com.
Forward-looking statements in this press release are made pursuant
to the safe harbor provision of the Private Securities Litigation Reform Act of 1995 and reflect Retractable's current views with respect
to future events. Retractable believes that the expectations reflected in such forward-looking statements are accurate. However, Retractable
cannot assure you that such expectations will materialize. Actual future performance could differ materially from such statements.
Factors that could cause or contribute to such differences
include, but are not limited to: the impact of supply chain and transportation delays on all facets of logistics and operations as
well as costs; Retractable's ability to scale up production volumes in response to an increase in demand; potential tariffs;
Retractable's ability to maintain liquidity; Retractable's maintenance of patent protection; Retractable's ability to maintain
favorable third party manufacturing and supplier arrangements and relationships; foreign trade risk; Retractable's ability to access
the market; production costs; the impact of larger market players in providing devices to the safety market; and other risks and
uncertainties that are detailed from time to time in Retractable's periodic reports filed with the U.S. Securities and Exchange
Retractable Technologies, Inc.
John W. Fort III, 888-806-2626 or 972-294-1010
Vice President, Chief Financial Officer, and Chief Accounting