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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

Additional paid-in capital 59,893,580 59,531,865 Accumulated deficit (58,451,552) (57,233,369) Treasury stock, at cost, 33,333 shares (911,516) (911,516) --------- --------- Total stockholders' equity 544,179 1,400,180 --------- --------- Total liabilities and stockholders' equity $3,715,290 $4,410,750 ========== ==========

                    MILESTONE SCIENTIFIC INC. RESULTS OF OPERATIONS


                                   Three Months              Six Months
                                   Ended June 30,           Ended June 30,
                                   --------------           --------------
                                  2009       2008         2009         2008
                                  ----       ----         ----         ----
    Products sales, net       $2,036,902 $1,540,883   $4,241,721   $2,928,873
    Royalty income                     -      9,007            -       23,170
                              ---------- ----------   ----------   ----------
      Total revenue            2,036,902  1,549,890    4,241,721    2,952,043
                              ---------- ----------   ----------   ----------
    Cost of products sold        862,741    594,437    1,779,291    1,058,361
                              ---------- ----------   ----------   ----------
    Gross Profit               1,174,161    955,453    2,462,430    1,893,682
                              ---------- ----------   ----------   ----------
    Selling, general and
     administrative expenses   1,753,237  1,367,807    3,482,052    2,839,784
    Research
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SOURCE Milestone Scientific Inc.
Copyright©2009 PR Newswire.
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