Navigation Links
Milestone Scientific Announces Resignation of CEO
Date:3/18/2009

Chairman to Serve as Interim CEO until Executive Search for Replacement is Completed

Planned Investor Conference Call Rescheduled to Thursday, March 26, 2009 at 4:15 PM ET

LIVINGSTON, N.J., March 18 /PRNewswire-FirstCall/ -- Milestone Scientific Inc. (OTC Bulletin Board: MLSS), the recognized leader in advanced injection technologies, today announced that Leonard Osser, Chairman of the Board, will temporarily assume the post of Interim Chief Executive Officer upon the resignation of Joe Martin, effective March 27, 2009, as CEO and Director of the Company. Martin is leaving to pursue new career opportunities.

Yesterday, Milestone filed its Form 10K with the U.S. Securities & Exchange Commission for the year ended December 31, 2008.

Key financial highlights of the 2008 results compared to 2007 reflected:

  • Year-over-year revenue growth of 5%
  • Rise in gross profit margins, which increased to 60% from 55%
  • 19% decline in operating expenses
    • 13% reduction in sales, general and administrative costs
    • 58% decrease in research and development expenses
  • 60% reduction in net losses for the year
  • 56% decrease in product inventories
  • 55% decline in accounts payable
  • 70% reduction in net cash used in operating activities

The teleconference originally scheduled to begin tomorrow morning, March 19, 2009, at 11:00 AM ET has been rescheduled to Thursday, March 26, 2009, beginning at 4:15 PM ET. At that time, investors are encouraged to join management in a discussion regarding the financial results, changes in executive management and developments relating to its business and growth strategy. The rescheduled conference call can be accessed by dialing toll-free 1-800-3
'/>"/>

SOURCE Milestone Scientific Inc.
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3

Related medicine news :

1. Materials for Medical Devices Database Reaches Milestone
2. Reveille Software Reaches Customer Milestone and Expands Executive Team
3. Thermogenesis Technology Products Surpass Processing of More Than One Million Units of Cord Blood Stem Cells at 10-Year Milestone
4. Milestone Scientific to Exhibit at the Chicago Dental Societys 144th Midwinter Meeting
5. SOLX Announces 1000th Gold Shunt Implantation Milestone for Glaucoma Treatment
6. Medarex to Receive Milestone Payment from MedImmune for Allowance of an Investigational New Drug Application for MEDI-546
7. Mission Pharmacal Celebrates Historic Milestone
8. Turner Reaches Milestone on $323 Million Virtua West Jersey Replacement Hospital in Voorhees, N.J.
9. Concentric Medical Reaches Important Stroke Milestone
10. Hand Transplantation Marks Historical 10-Year Milestone
11. Prism Pharmaceuticals to Receive $10 Million Milestone Payment from Paul Capital Healthcare
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/28/2015)... ... August 28, 2015 , ... ... the FDA’s Position and Best Practices for Compliance, **Presented by FDAnews and ... workshop, chaired by internationally renowned expert Fubin Wu, has been specifically designed ...
(Date:8/28/2015)... ... ... On May 30th, 2015, Best Drug Rehabilitation, a results-based substance abuse treatment ... benefit concert in Mendon, IL. Held in the Show Barn at the Adams County ... programs in the underfunded local school districts of Mendon at neighboring Quincy, IL. Now ...
(Date:8/28/2015)... (PRWEB) , ... August 28, 2015 , ... “ Frequentz ... look at the latest and coolest applications on the market for iOS, Android, and ... and shared with viewers how this software allows businesses to track product movement from ...
(Date:8/28/2015)... ... August 28, 2015 , ... Medical Solutions, one of the nation’s largest ... Work in Healthcare by Modern Healthcare and will be honored at an awards ... eighth year, the Best Places to Work in Healthcare program recognizes outstanding employers in ...
(Date:8/28/2015)... ... 28, 2015 , ... Dr. Gregory K. Toumayan, D.C., Q.M.E., is now treating ... shoulder pain, hip pain, neck pain, stiffness, muscle spasms, and numbness. , ... Illinois, and then went on to earn his title of Doctor of Chiropractic from ...
Breaking Medicine News(10 mins):Health News:FDAnews Announces — Software and Cybersecurity Risk Management for Medical Devices: Understanding the FDA’s Position and Best Practices for Compliance, Oct. 14-15 2Health News:FDAnews Announces — Software and Cybersecurity Risk Management for Medical Devices: Understanding the FDA’s Position and Best Practices for Compliance, Oct. 14-15 3Health News:FDAnews Announces — Software and Cybersecurity Risk Management for Medical Devices: Understanding the FDA’s Position and Best Practices for Compliance, Oct. 14-15 4Health News:FDAnews Announces — Software and Cybersecurity Risk Management for Medical Devices: Understanding the FDA’s Position and Best Practices for Compliance, Oct. 14-15 5Health News:New Video Released on "Music With A Mission" Benefit Concert Headlining Artist Cadillac Three & Best Drug Rehabilitation 2Health News:Track Product Movement from Beginning to End with Frequentz 2Health News:Medical Solutions Recognized as One of 2015 Best Places to Work in Healthcare 2Health News:Medical Solutions Recognized as One of 2015 Best Places to Work in Healthcare 3Health News:Healthpointe Welcomes Dr. Gregory K. Toumayan, Chiropractor, to Colton, Temecula, and Perris 2Health News:Healthpointe Welcomes Dr. Gregory K. Toumayan, Chiropractor, to Colton, Temecula, and Perris 3
... House Republican Whip Roy,Blunt (Mo.) issued the following ... Pence (R-Ind.), Ileana Ros-Lehtinen (R-Fla.), Chris Smith,(R-N.J.), Joe ... money being,used to fight HIV/AIDS abroad isn,t diverted ... on fighting HIV/AIDS in Africa and,elsewhere around the ...
... Corporation,(Nasdaq: CRVL ) announced today that its Chairman ... Global Healthcare Services Conference on,Monday, February 11th at 3:00 ... Hyatt New York in New York City., Mr. ... on,the UBS Investment Bank website, http://www.ibb.ubs.com, as ...
... Feb. 7 Transcept Pharmaceuticals,Inc. today announced that ... present at the 10th Annual BIO CEO & ... City on Tuesday, February 12, 2008 at,10:15 AM ... Pharmaceuticals, Inc. is a specialty pharmaceutical company,deriving significant ...
... House,Committee on Foreign Relations will consider the renewal of ... Council (FRC),President Tony Perkins released the following statement opposing ... (D-CA):, "The Lantos bill would change PEPFAR into ... tilted toward those who perform and promote,abortion under the ...
... reduce cost and time for deployment of Wi-Fi ... built into every tag, BROOKFIELD, Wis., Feb. ... location and security solutions for the Healthcare Industry,since ... at HIMSS ,08 Booth 2101. The new PinPoint(R) ...
... Launch 2008 Income Tax Check-Off,Campaign, HERSHEY, Pa., ... in the state,s Income Tax Check-Off,for Breast and ... dollars in grants that will be awarded to ... 9:30 a.m., the,Pennsylvania Breast Cancer Coalition will be ...
Cached Medicine News:Health News:CorVel to Present at UBS Global Healthcare Services Conference 2Health News:Transcept Pharmaceuticals to Present at the 10th Annual BIO CEO & Investor Conference 2Health News:At HIMSS '08, RF Technologies(R) Will Host LIVE! Demonstrations of PinPoint(R) Peer-to-Peer Wi-Fi RTLS - a Breakthrough in Location-Aware Solutions 2Health News:At HIMSS '08, RF Technologies(R) Will Host LIVE! Demonstrations of PinPoint(R) Peer-to-Peer Wi-Fi RTLS - a Breakthrough in Location-Aware Solutions 3Health News:The Pennsylvania Breast Cancer Coalition Announces 2008 Breast Cancer Income Tax Check-Off Grant Recipients 2
(Date:8/28/2015)... PUNE, India , August 28, 2015 ... Essential Oils), Livestock (Pork/Swine, Poultry, Ruminant, and Aquaculture), & by ... , Asia-Pacific , and Rest of ... by MarketsandMarkets, The global market for Eubiotics was valued at ... USD 7.05 Billion by 2020, at a CAGR of 7.4% ...
(Date:8/28/2015)... LONDON , August 28, 2015 ... approach seamlessly connects people, technologies and care ... improving outcomes and the cost of healthcare delivery ... AEX: PHIA) today announced its presence at  ESC Congress 2015 , ... Heart Model A.I. , EchoNavigator and IntelliSpace Cardiovascular, that connect ...
(Date:8/27/2015)... , Aug. 27, 2015  The Academy of ... and Drug Administration,s (FDA,s) draft guidance and proposed ... and biosimilars, to bear a nonproprietary name with ... been seeking a decision from the FDA on ... health care stakeholders urging the agency to use ...
Breaking Medicine Technology:Eubiotics Market Worth 7.05 Billion USD by 2020 2Eubiotics Market Worth 7.05 Billion USD by 2020 3Eubiotics Market Worth 7.05 Billion USD by 2020 4Eubiotics Market Worth 7.05 Billion USD by 2020 5Philips Showcases New Integrated Cardiology Solutions to Advance Minimally Invasive Procedures at ESC Congress 2015 2Philips Showcases New Integrated Cardiology Solutions to Advance Minimally Invasive Procedures at ESC Congress 2015 3Philips Showcases New Integrated Cardiology Solutions to Advance Minimally Invasive Procedures at ESC Congress 2015 4AMCP Is Disappointed in FDA's Draft Guidance and Proposed Rule Calling for Suffix on Nonproprietary Names of Biological Products 2
... Eagle®, the region,s leading food and fuel retailer, has ... Award. Giant Eagle is the second ever ... of individuals, corporations, institutions and organizations who have demonstrated ... impact in advancing the mission of the ADA. ...
... WASHINGTON, March 17, 2011 A new study conducted ... Texas, Florida, New York, Ohio, Illinois, Georgia, Pennsylvania, North ... burden of diabetes will be greatest in the next ... Future Trends," is the first study to provide ...
Cached Medicine Technology:Giant Eagle® Receives American Diabetes Association Chairman's Citation Award 2Giant Eagle® Receives American Diabetes Association Chairman's Citation Award 3Ten States Bear Brunt of Diabetes Burden 2Ten States Bear Brunt of Diabetes Burden 3Ten States Bear Brunt of Diabetes Burden 4Ten States Bear Brunt of Diabetes Burden 5