LIVINGSTON, NJ--(Marketwire - October 04, 2012) - Milestone Scientific, Inc. (OTCQB: MLSS), the recognized leader in advanced, computer-controlled injection technologies, today announced that Dental American Group has begun the rollout of Milestone's STA Single Tooth Anesthesia System® across five offices in the South Florida region.
Manual Gonzalez, General Manager of Dental American Group, commented, "Our dentists immediately saw the value while working with Milestone's Single Tooth Anesthesia System, including reduced waiting time for the onset of anesthesia, which means higher patient turnover. While we expand our practice throughout Florida, we will continue to implement Milestone's painless injection system and are excited to be able to provide this novel experience for our patients."
Leonard Osser, Chief Executive Officer of Milestone Scientific, commented, "We are pleased to work with Dental American Group, a highly regarded group dental practice, consisting of 20 dentists and 7 Hygienists, that is seeking to grow rapidly throughout Florida. This validates our strategy of targeting dental group practices and further reinforces the clear advantages of our instruments among practitioners and patients alike."
"Milestone's strategic growth plan for the coming years in the United States includes a major focus on targeting group dental practices. These companies represent approximately 9% of the dental market and are anticipated to grow to approximately 15% of the market within the next three years. By being able to charge for pain free anesthesia, dentists are able turn a cost center into a profit center while taking advantage of the many clinical, operational and patient benefits. We believe this will be a key driver for Milestone's success in the coming years."
About Milestone Scientific, Inc.
Headquartered in Livingston, New Jersey, Milestone Scientific is engaged in pioneering advanced computer-controlled drug delivery technologies for the medical and dental markets and currently sells its award-winning products through a global distribution network serving North and South America, Asia, Africa, Europe and the Middle East. For more information on the STA Single Tooth Anesthesia System® instrument and other innovative Milestone products, please visit the Company's web site found at www.milestonescientific.com.
Safe Harbor Statement
This press release contains forward-looking statements regarding the timing and financial impact of Milestone's ability to implement its business plan, expected revenues and future success. These statements involve a number of risks and uncertainties and are based on assumptions involving judgments with respect to future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond Milestone's control. Some of the important factors that could cause actual results to differ materially from those indicated by the forward-looking statements are general economic conditions, failure to achieve expected revenue growth, changes in our operating expenses, adverse patent rulings, FDA or legal developments, competitive pressures, changes in customer and market requirements and standards, and the risk factors detailed from time to time in Milestone's periodic filings with the Securities and Exchange Commission, including without limitation, Milestone's Annual Report for the year ended December 31, 2011. The forward-looking statements in this press release are based upon management's reasonable belief as of the date hereof. Milestone undertakes no obligation to revise or update publicly any forward-looking statements for any reason.