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Milestone Scientific Announces 2007 Year-End Results
Date:3/31/2008

as a new member of the Board of Directors and was named Milestone's new

CEO. In addition, in the fall, Robert (Bob) Presutti joined Milestone

as VP of Sales and Marketing, assuming the overall coordination,

functional management and leadership of all sales, marketing and

customer service activities of the Company. Subsequent to the end of

2007, Joseph D'Agostino joined Milestone as the new Acting Chief

Financial Officer, replacing former Acting CFO Arthur Goldberg, who

left the Company to pursue other career opportunities.

Key Financial Highlights:

-- Total revenue increased approximately 9% to $6.39 million, up from

$5.84 million in 2006.

-- Domestic revenue, favorably impacted by more than $1.15 million in

sales of the Company's new STA System offset by a 55% decrease in

domestic sales of the legacy CompuDent(R) system. Total domestic

revenue rose 10.8% to $4.59 million from $4.15 million on a comparable

year-over-year basis. Domestic revenues represented 73% of total sales

for the year, compared to 75% in the prior year.

-- International sales also improved, rising to $1.68 million from $1.42

million, despite a year-over-year 44% decline in sales of CompuDent

systems. This revenue growth was largely attributable to $165,000 in

sales of the new STA System, as well as a 47% increase in sales of

disposable hand pieces used in conjunction with both the CompuDent and

STA System. International sales were 27% of total 2007 sales, a modest

increase from 26% of total sales reported in 2006.

-- Gross profit margins saw a significant improvement, rising to 55% from

48%. This improvement was due primarily to the market launch of the

STA System, reduced inventory write downs in 2007 when compared to

2006, and an increase in global sales of hi
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SOURCE Milestone Scientific, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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