Milestone Scientific Receives Notice Of Failure To Comply With Continued Listing Standards Of The AMEX

LIVINGSTON, N.J., June 16 /PRNewswire-FirstCall/ -- Milestone Scientific Inc. (Amex: MSS - News), which develops, manufactures, and markets 'intelligent' computer controlled injection systems for medical and dental markets, today received notice from the staff of the American Stock Exchange that it no longer complies with the Exchange's continued listing standards requiring shareholder equity of at least $6,000,000, as a result of the losses in its five most recent years, and that its securities are therefore subject to delisting from the Exchange. The Company will appeal this determination and request a hearing before a Listing Qualification Panel. There can be no assurance that the Company's request for continued listing will be granted.

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