AFP Imaging Completes International Distribution Arrangements For "The Wand-TM" -- A Virtually Painless Anesthetic Delivery System.ELMSFORD, NY--(BUSINESS WIRE)--Feb. 17, 1999--AFP Imaging (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AFPC AFPC Air Force Personnel Center AFPC American Foreign Policy Council AFPC Alliance de la Fonction Publique du Canada (Public Service Alliance of Canada; union) AFPC Advanced Financial Planning Certificate AFPC Air Force Personnel Council ) and Milestone Scientific, Inc, (AMEX AMEX See: American Stock Exchange :MS) today announced that they had entered into an agreement for the international distribution by DENT-X, the dental division of AFP (1) (AppleTalk Filing Protocol) The file sharing protocol used in an AppleTalk network. In order for non-Apple networks to access data in an AppleShare server, their protocols must translate into the AFP language. See file sharing protocol. Imaging, for "The Wand" which is Milestone's computer controlled, precision metered, local anesthetic local anesthetic n. An agent that, when applied directly to mucous membranes or when injected about the nerves, produces loss of sensation by inhibiting nerve excitation or conduction. injection system. AFP will utilize its well-established, world-wide distribution network of dealers for its dental and medical imaging products, intraoral video cameras, digital x-ray systems and other dental products. Under the arrangements, Milestone would continue to be responsible for distribution of "The Wand" in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Canada, China, Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. and Taiwan. In addition to AFP/DENT-X's distribution channels, AFP will also assume certain existing international distribution arrangements, previously established by Milestone in South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. , Israel and certain other countries. AFP's extensive network of foreign distributors and representatives has generated one-third of the company's total sales in fiscal 1998. David Vozick, Chairman of AFP stated that The Wand is a strategic addition to AFP/DENT-X's existing product lines and should complement our other high-tech dental products. There are approximately 700,000 practicing dentists outside North America who are all potential users of the injection system. Therefore the International dental markets are a logical next step as AFP continues to introduce digital technology into dental operatories. "The Wand" is "CE" approved for European markets. Leonard Osser, Chairman and Chief Executive Officer of Milestone stated, "The Wand is a computer controlled system to assist the dentist to perform even difficult injections with ease and patient comfort. Precision metering of a local anesthetic enables virtually painless injections to be administered consistently. Consummation of the distribution arrangements with AFP will accelerate Milestone's development of the worldwide dental markets for "The Wand." AFP is a dental and medical imaging equipment supplier whose products are widely applied in medical and dental diagnostics. The company's dental digital imaging technology is providing the gateway for future growth. AFP's products are used in medical, dental and related markets. The company's products are sold worldwide under various brand names which include AFP, DENT-X, and Sens-A-Ray 2000(TM). Milestone Scientific, Inc. is the developer, manufacturer and North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. marketer of "The Wand(TM)" a computer controlled injection system. The remarks contained in this press release and presented elsewhere by management from time to time contain forward-looking statements which involve risks and uncertainties. The company's actual results may differ significantly from the results discussed in this press release or in other forward-looking statements presented by management. Among the factors that could cause actual results to differ materially include failure of revenue on new products to develop as estimated, regulatory delays, loss of existing customers, general downward trends in the company's industry and other risk factors detailed from time to time in the company's reports filed with the SEC. |
|
||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion