Exhibit 10.18

                 SPECIALIZED HEALTH PRODUCTS INTERNATIONAL, INC.
                        2004 EMPLOYEE STOCK PURCHASE PLAN

         1. Purpose. This 2004 Employee Stock Purchase Plan (the "Plan") is
intended to encourage and assist employees of Specialized Health Products
International, Inc. (the "Company") and the employees of any present or future
subsidiaries of the Company in acquiring a stock ownership interest in the
Company.

         2. Stock Subject to the Plan. Subject to adjustment pursuant to Section
11 of the Plan, the aggregate number of shares of Company common stock (the
"Shares") which may be sold under the Plan is SEVEN HUNDRED FIFTY THOUSAND
(750,000) shares. The Shares may be authorized but unissued, or reacquired,
shares of common stock of the Company. The Company, during the term of the Plan,
shall at all times reserve and keep available such number of shares as shall be
sufficient to satisfy the requirements of the Plan.

         3. Eligibility. Any person who is an employee of the Company or of any
of its subsidiaries (an "Employee") and who (i) is selected by the Board of
Directors or (ii) participates in any 401(k) plan or other retirement plan that
is sponsored by the Company or any Company subsidiary (individually and
collectively, a "Company 401(k) plan"), is eligible to participate in the Plan.
For purposes of the Plan, "subsidiary" shall mean a corporation of which not
less than fifty percent (50%) of the voting shares are held by the Company or a
subsidiary of the Company.

         4. Joining the Plan. Any eligible Employee's participation in the Plan
shall be effective when (i) the Board of Directors awards Shares to the Employee
or (ii) the Employee elects to purchase Shares through a Company 401(k) plan.
Participation of any Employee in the Plan is entirely voluntary. Any Employee
receiving Shares shall have no rights with respect to continuation of
employment, nor with respect to continuation of any particular Company business,
policy or product.

         5. Purchase and Grants of Shares. Employees may purchase Shares by
electing to do so through a Company 401(k) plan. No Employee will be permitted
to make contributions for any period during which he or she is not receiving pay
from the Company or a subsidiary of the Company.

         In addition, the Board of Directors may, at any time and from time to
time, subject only to the express terms, conditions and other provisions of the
Company's Certificate of Incorporation, By-laws and the Plan:

         (i) select and approve Employees who will be granted Shares under the
Plan, determine the consideration to be paid for such Shares, if any, and
determine the number of Shares to be awarded;

         (ii) interpret the Plan, to prescribe, amend and rescind rules and
regulations relating to the Plan, and make all other determinations necessary or
advisable for the operation and administration of the Plan; and

         (iii) delegate all or a portion of its authority under clauses (i) and
(ii) above to a committee of one or more directors of the Company.

         6. Issuance of Shares. The Company shall effect transactions for the
purchase of Shares by a Company 401(k) plan on such date(s) and in a manner as
is consistent with the Company's practices and policies under such Company
401(k) plan. The Company shall effect other issuances of Shares under the Plan
on such terms and conditions as the Board of Directors deems advisable.

         7. Purchase Price. The Board of Directors can award Shares to Employee
under the Plan for such consideration as the Board of Directors deems
appropriate. The purchase price for the Shares purchased under a Company 401(k)
plan shall be the fair market value of the Company's common stock on the date of

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the purchase. The fair market value of the Company's common stock on the date of
purchase shall be the average of the bid and ask prices of the stock in the
over-the-counter market as quoted on the OTC Bulletin Board or the NASDAQ Small
Cap Market, as applicable, or if its stock is a National Market System security
the last reported sales price of the stock, or if the stock is traded on one or
more securities exchanges the average of the closing prices on all such
exchanges on the date of grant.

         8. Termination of Membership. An Employee's membership in the Plan will
be terminated when the participant is no longer an Employee of the Company or a
subsidiary of the Company or the Employee no longer qualifies to participate in
a Company 401(k) plan. A terminated participant can rejoin the Plan at any time
when the terminated participant is an Employee of the Company or a subsidiary of
the Company and qualifies to participate in a Company 401(k). Notwithstanding
the foregoing, the Board of Directors may elect to issue Shares to any Employee
of the Company on any terms that the Board of Directors deems appropriate
irrespective of whether the Employee qualifies to participate in a Company
401(k) plan.

         9. Administration of the Plan. The Plan shall be administered by the
Board of Directors or a committee of the Board of Directors comprised of one or
more committee members. All costs and expenses incurred in administering the
Plan shall be paid by the Company. Any taxes applicable to the Employee, if any,
shall be charged or credited to the Employee by the Company.

         10. Modification and Termination. The Company expects to continue the
Plan until such time as the Shares reserved for issuance under the Plan have
been sold. The Company reserves, however, the right to amend, alter or terminate
the Plan in its sole discretion.

         11. Adjustments upon Changes in Capitalization. Appropriate and
proportionate adjustments shall be made in the number and class of shares of
stock subject to this Plan, and to the rights granted hereunder and the prices
applicable to such rights, in the event of a stock dividend, stock split,
reverse stock split, recapitalization, reorganization, merger, consolidation,
acquisition, separation or like change in the capital structure of the Company.

         12. Transferability of Rights. No rights of any Employee under this
Plan shall be transferable by him or her, by operation of law or otherwise,
except as otherwise required by applicable law.

         13. Participation in Other Plans. Nothing herein contained shall affect
an Employee's right to participate in and receive benefits under and in
accordance with the then current provisions of any pension, insurance or other
Employee welfare plan or program of the Company.

         14. Applicable Law. The interpretation, performance and enforcement of
this Plan shall be governed by the laws of the State of Delaware.

         15. Effective Date of Plan. The Plan shall become effective on January
27, 2004. The Company's obligation to offer, sell or deliver Shares under the
Plan is subject to any governmental approval required in connection with the
authorized issuance or sale of such Shares and is further subject to the
determination by the Company that it has complied with all applicable securities
laws.

         16. Legend Conditions. The Shares to be issued pursuant to the
provisions of this Plan shall have endorsed upon their face the following:

                  (1) Any legend condition imposed as a requirement under
         applicable state law; and

                  (2) Unless the shares to be issued under this Plan have been
         registered under the Securities Act of 1933, the following:

         The shares represented by this certificate have not been registered
         under the Securities Act of 1933. The shares have been acquired for

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         investment and may not be pledged or hypothecated, and may not be sold
         or transferred in the absence of an effective Registration Statement
         for the shares under the Securities Act of 1933 or an opinion of
         counsel to the Company that registration is not required under said
         Act.

            Date Plan Adopted by Board of Directors: January 27, 2004


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