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Milestone Scientific Reports 44% Increase in Revenues in First Six Months of 2009 Compared to Prior Year
Date:8/10/2009

er of pharmaceuticals and importer of medical devices and the country's largest domestic distributor of dental anesthetic carpules to the Chinese dental industry. As our relationship with Sinopharm evolves and strengthens, we look forward to working with our new Chinese partner to clearly distinguish Milestone's C-CLAD technologies as the new standard of care for dental injections by the growing body of progressive oral care professionals practicing Modern Dentistry in China. This represents a compelling long term growth opportunity for Milestone and one that we fully intend to optimize."

                   MILESTONE SCIENTIFIC INC. CONDENSED BALANCE SHEET

                                               June 30,        December 31,
                                                 2009              2008
                                              (Unaudited)
                                              -----------      ------------
                   ASSETS
    Current Assets:
      Cash and cash equivalents                $498,576          $743,665
      Accounts receivable, net of
       allowance for doubtful accounts
       of $5,000 in 2009 and 2008               797,620           925,742
      Inventories                               632,625           719,902
      Advances to contract manufacturer         124,950           250,110
      Prepaid expenses and other current
       assets                                   105,509           218,296
                                              ---------         ---------
        Total current assets                  2,159,280         2,857,715
    Advances to contract manufacturer           400,735           415,780
    Investment in distributor, at cost           76,319            76,319
    Furniture, Fixtures & Equipment net
     of accumulated depreciation of $373,570
     as of June 30 ,2009 and $345,377 as of
     December 31, 2008            
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SOURCE Milestone Scientific Inc.
Copyright©2009 PR Newswire.
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