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Press Releases
MILESTONE SCIENTIFIC ANNOUNCES
KEY LEADERSHIP CHANGES
Director Leslie Bernhard Appointed as New Chairman and
Leonard Osser
Resumes Full Duties and Responsibilities as
CEO
Piscataway, N.J. – (PR NEWSWIRE) – September
1, 2009 – Milestone Scientific Inc. (OTCBB:MLSS),
the recognized leader in advanced injection technologies, today announced
that Leslie Bernhard, an independent director, has been named Chairman
of the Board, succeeding Leonard Osser who had previously led the
Company as Chairman since 1991. Osser, who has also served
as the interim Chief Executive Officer since February 2009 and was
formerly Milestone’s CEO from 1991 through 2007, will again
lead the Company as its CEO effective immediately.
“In view of Leonard’s passion, vision and well defined strategy
for optimizing Milestone’s future growth, having him resume the
full duties and responsibilities of the CEO post is without question
in the best interests of the Company, its dedicated workforce and its
shareholders,” stated new Chairman Bernhard. “Moreover,
by my assuming the Chairmanship, the Board can take advantage of enhancing
our corporate governance and oversight, while freeing Leonard to concentrate
on achieving the Company’s mission critical goals and objectives.”
Commenting on the leadership changes, Osser noted, “We are now
seeing a number of promising growth opportunities in the international
markets related to the expansion of our global dental distribution network
and worldwide marketing of our award winning STA Single
Tooth Anesthesia System™. We are also gaining meaningful
traction in our negotiations in collaborating on the development of new
medical products utilizing our patented CompuFlo® technology. Consequently,
the Board determined that my time and effort was best utilized focused
on fully capitalizing on these promising opportunities. As such,
I’m very pleased that Leslie has agreed to assume leadership of
the Board. In my capacity as a director and CEO, I look forward
to working closely with her to help guide and manage our Company’s
long term growth and anticipated success.”
About Milestone Scientific Inc.
Headquartered in Piscataway, New Jersey, Milestone Scientific is engaged
in pioneering proprietary, highly innovative technological solutions
for the medical and dental markets. Central to the Company’s
IP platform and product development strategy is its patented CompuFlo® technology
for the improved and painless delivery of local anesthetic. Specifically, CompuFlo is
a computer-controlled, pressure sensitive infusion, perfusion, suffusion
and aspiration technology, which provides real-time readouts of pressures,
fluid densities and flow rates, enabling the advanced delivery and
removal of a wide array of fluids. The STA Single
Tooth Anesthesia System™, a computer-controlled local anesthesia
delivery system, uses this technology to provide dentists with audible
and visual signals as to in-tissue pressure. Milestone’s
existing painless injection systems are currently sold in 25 countries. For
more information on these and other innovative Milestone products,
please visit the Company’s web site found at www.milestonescientific.com and www.STAis4U.com.
FOR MORE INFORMATION, PLEASE CONTACT:
Elite Financial Communications Group
Dodi Handy, President and CEO
For Media Inquiries: Tiffany Korkis or Kathy Addison, Directors, Elite
Media Group
407-585-1080 or via email at mlss@efcg.net
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