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Press Releases
MILESTONE SCIENTIFIC TO REPORT 2008 YEAR-END
RESULTS ON TUESDAY, MARCH 17, 2009
Investor Conference Call Scheduled for Thursday,
March 19, 2009 at 11:00 AM ET
LIVINGSTON, N.J. – (PR NEWSWIRE) – March 17,
2008 – Milestone Scientific
Inc. (OTCBB:MLSS), the recognized leader in advanced injection technologies,
today announced that it intends to file its 2008 year-end results
for the 12 months ended December 31, 2008 with the U.S. Securities & Exchange
Commission on Tuesday, March 17, 2009.
Having succeeded in increasing sales for the award-winning STA Single
Tooth Anesthesia System™ (STA System) forfour consecutive
quarters in 2008, the year-end results are expected to reflect record
annual revenues of $6.62 million, up from $6.39 million in the prior
year.
According to Joe Martin, Chief Executive Officer of Milestone, “The
revised messaging and marketing platforms for the STA System that
were implemented in early 2008 are now clearly resonating with dentists
worldwide and attracting broad industry attention to our Company. Moreover,
the clinical acclaim for the numerous tangible benefits of the STA
System emanating from the dental community continues to inspire
strong sales momentum. In addition, our decision to expand our
distribution network from one exclusive distributor to numerous non-exclusive
dental supply companies has resulted in much broader market penetration
and a steady monthly increase in STA unit sales.”
The Company will host a teleconference on Thursday, March 19, 2009,
beginning at 11:00 AM Eastern Time, and invites all interested parties
to join management in a discussion regarding Milestone’s financial
results, corporate progression and other meaningful developments. The
conference call can be accessed by dialing toll-free 1-800-240-2430. For
those unable to participate at that time, a replay of the teleconference
can be accessed domestically by dialing 1-800-405-2236 and enter the
passcode 11127369#. The replay will be available for 90 days.
About Milestone
Scientific Inc.
Headquartered in Livingston, 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.milesci.com and www.STAis4U.com .
Safe Harbor Statement
This press release contains forward-looking statements regarding
the timing and financial impact of the Milestone's ability to implement
its business plan, expected revenues and future success. These statements
involve a number of risks and uncertainties and are based on assumptions
involving judgments with respect to future economic, competitive and market
conditions and future business decisions, all of which are difficult or
impossible to predict accurately and many of which are beyond Milestone's
control. Some of the important factors that could cause actual results
to differ materially from those indicated by the forward-looking statements
are general economic conditions, failure to achieve expected revenue growth,
changes in our operating expenses, adverse patent rulings, FDA or legal
developments, competitive pressures, changes in customer and market requirements
and standards, and the risk factors detailed from time to time in Milestone's
periodic filings with the Securities and Exchange Commission, including
without limitation, Milestone's Annual Report on Form 10-KSB for the year
ended December 31, 2007. The forward looking-statements in this press release
are based upon management's reasonable belief as of the date hereof. Milestone
undertakes no obligation to revise or update publicly any forward-looking
statements for any reason.
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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