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Milestone Scientific Reports Strong Sales Growth in First Quarter 2009 Results
Date:5/8/2009

y at Elite Financial Communications Group by calling 407-585-1080 or via email at dodi@efcg.net.

                          FINANCIAL CHARTS TO FOLLOW
                 MILESTONE SCIENTIFIC INC. CONDENSED BALANCE SHEET


                                                     March 31,    December 31,
                                                       2009           2008
                                                   (Unaudited)
                        ASSETS
                        ------
    Current Assets:
     Cash and cash equivalents                        $500,668      $743,665
     Accounts receivable, net of allowance for
      doubtful accounts of $5,000 in 2009 and
      2008                                           1,098,529       925,742
     Inventories                                       647,676       719,902
     Advances to contract manufacturer                 124,950       250,110
     Prepaid expenses and other current assets         229,216       218,296
       Total current assets                          2,601,039     2,857,715
     Advances to contract manufacturer                 415,780       415,780
    Investment in distributor, at cost                  76,319        76,319
    Furniture, Fixtures & Equipment net of
     accumulated depreciation of $360,880
     as of March 31 ,2009 and $345,377 as of
     December 31, 2008                                 167,202       152,574
    Patents, net of accumulated amortization of
     $153,687 as of March 31, 2009
      and $135,406 as of December 31, 2008             895,373       901,045
    Other assets                                         7,317         7,317
         Total assets                               $4,163,030    $4,410,750

         LIABILITIES AND STOCKHOLDERS' EQUITY
        
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SOURCE Milestone Scientific Inc.
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