Investrend Research Update on Retractable Technologies: Q1, 2002 Results In-Line With Expectations

May 15, 2002–Investrend Research Analyst Justin Canivet issued a research update today on Retractable Technologies (AMEX: RVP), reiterating his strong buy rating. He cited a 12-month price target of $11.00 per share for RVP stock.

The full text of the report is attached.

Forward looking statements in this announcement are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995 and reflect the company’s current views with respect to future events. The company believes that the expectations reflected in such forward-looking statements are accurate. However, the company cannot assure you that such expectations will occur. The company’s 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 dramatic increases in demand, the company’s ability to quickly increase its production capacity in the event of a dramatic increase in demand, the company’s ability to access the market, the company’s ability to continue to finance research and development as well as operations and expansion of production through equity and debt financing, as well as sales, the increased interest of larger market players in providing safety needle devices and other risks and uncertainties that are detailed from time to time in the company’s periodic reports filed with the Securities and Exchange Commission.

Investor Contact:
Douglas W. Cowan
Chief Financial Officer
(888) 806-2626 or (972) 294-1010

Investrend Communications, Inc.
R. Hempel, 718/896-5060