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

------------------------------------ Current Liabilities: Accounts payable $1,077,752 $829,130 Accrued expenses and other payable 332,330 495,897 Total current liabilities 1,410,082 1,325,027 Long-term Liabilities: Line of credit-net of discount of $43,328 and $50,504, respectively 1,256,672 1,249,496 Notes Payable-net of discount of $13,254 and $13,953, respectively 436,746 436,047 Total long-term liabilities 1,693,418 1,685,543 Commitments and Contingencies Stockholders' Equity Common stock, par value $.001; authorized 50,000,000 shares; 13,023,661 shares issued 566,309 shares to be issued and 12,990,328 shares outstanding as of March 31, 2009; 12,695,685 shares issued, 504,639 shares to be issued, and 12,662,352 shares outstanding as of December 31, 2008 13,589 13,200 Additional paid-in capital 59,752,468 59,531,865 Accumulated deficit (57,795,011) (57,233,369) Treasury stock, at cost, 33,333 shares (911,516) (911,516) Total stockholders' equity 1,059,530 1,400,180 Total liabilities and stockholders' equity $4,163,030 $4,410,750

                   MILESTONE SCIENTIFIC INC. RESULTS OF OPERATIONS

                                             Three Months Ended March 31
                                                 2009           2008

        Products sales, net                  $2,204,819     $1,387,990
        Royalty income                                -         14,163
         Total revenue                        2,204,819     
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SOURCE Milestone Scientific Inc.
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