Company to Host Teleconference Tuesday, April 1, 2008 at 9:30 AM EDT
LIVINGSTON, N.J., March 31 /PRNewswire-FirstCall/ -- Milestone
Scientific, Inc. (OTC Bulletin Board: MLSS), the recognized leader in
advanced injection technologies, today reported its operational and
financial results for its 2007 fiscal year, ended December 31, 2007.
Key Operational Highlights:
-- In February 2007, the STA(TM) System was formally unveiled to market at
the 142nd Chicago Dental Society Midwinter Meeting, one of the largest
dental trade events held annually in the United States. The award-
winning STA System is a patented Computer Controlled Local Anesthesia
Delivery (CCLAD) system that incorporates the 'pressure feedback'
elements of Milestone's patented CompuFlo(R) technology.
-- In June 2007, the Company was granted a CE Mark approval of the STA
System, giving Milestone the ability to begin marketing the instrument
to dental professionals in European Union countries and other countries
around the world that recognize the CE Mark approval process.
-- In November 2007, Milestone entered into a collaborative agreement with
a globally diversified healthcare company to conduct a feasibility
study evaluating the potential application of the Company's patented
CompuFlo technology for injecting certain medicaments produced by this
company. The initial study has been completed and Milestone is now
anticipating moving forward with this company.
-- Milestone's management team underwent significant change and
rejuvenation in 2007. In May, the Company welcomed Joe W. Martin to
its team as Chief Executive Officer of the newly formed Medical
Division. Then in December, when Leonard Osser, Milestone's Chairman
and CEO, stepped down from the chief executive post, Joe was appointed
|SOURCE Milestone Scientific, Inc.|
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