Milestone Scientific Names Henry Schein as Exclusive U.S. and Canadian Distributor of Single Tooth Anesthesia (STA(TM)) System.Advanced Dental Device to Be Available in the First Quarter, 2007 LIVINGSTON, N.J. & MELVILLE, N.Y. -- Milestone Scientific, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :MLSS MLSS Mixed Liquor Suspended Solids (environmental waste) MLSS Ministry of Labor and Social Security (China) MLSS Multilevel Secure Server MLSS Multiple Level Security System ), the recognized leader in advanced injection technologies and Henry Schein Henry Schein Inc. is a Fortune 500 company based in Melville, New York. It is a distributor of healthcare products and services primarily to office-based healthcare practitioners in the North American and European markets. The Company operates in two business segments. , Inc. (Nasdaq:HSIC HSIC High Speed Inter-Chip (USB) HSIC High Speed Integrated Circuit ), the largest provider of healthcare products and services to office-based practitioners in the combined North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. and European markets, today announced that the companies have signed a distribution agreement granting Henry Schein exclusive distribution rights to market Milestone's Single Tooth Anesthesia (STA([TM])) system and other products to dental professionals 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. and Canada. Milestone's STA system is designed to allow dentists to immediately administer the periodontal ligament periodontal ligament n. The connective tissue surrounding the root of a tooth and attaching it to its bony socket. Also called alveolodental ligament, periodontal membrane. injection, to anesthetize a·nes·the·tize v. To induce anesthesia in. an·es the·ti·za tion n. a single tooth, without first administering a mandibular mandibular(mandib´y adj pertaining to the lower jaw. block that anesthetizes an entire quadrant of the jaw. The periodontal ligament injection is highly valued among dentists and the Milestone system allows it to be more efficiently administered, while avoiding collateral numbing of the cheek, lips and jaw. The STA system uses Milestone's patented CompuFlo([TM]) pressure sensing technology to provide the dentist with valuable information on the pressures created in the tissue being injected. The patented CompuFlo technology is believed to have broad applications in medicine and dentistry and STA system is the first commercial application using this advanced, real time pressure sensing technology. "At Sullivan-Schein Dental, we are committed to offering our customers technologically advanced exclusive products to enhance the practice of dentistry, and Milestone's STA system is an important addition to that roster," said Tim Sullivan, President of Sullivan-Schein Dental, Henry Schein's U.S. Dental division. "We are very pleased to be teaming with Milestone to make the STA system available to our dental customers in the United States and Canada." Leonard Osser, Milestone's Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , added, "The development of our STA system is the culmination of many years work to develop a more dentist friendly and more efficient system for painlessly anesthetizing a single tooth. We believe that the STA system should set a new standard of patient care and are pleased that the world's leading dental distribution company shares our vision." About Henry Schein Henry Schein, a Fortune 500[R] company, is recognized for its excellent customer service and highly competitive prices. The Company's four business groups - Dental, Medical, International and Technology - serve more than 500,000 customers worldwide, including dental practices and laboratories, physician practices and veterinary clinics, as well as government and other institutions. The Company operates through a centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. and automated distribution network, which provides customers in more than 200 countries with a comprehensive selection of more than 70,000 national and Henry Schein private-brand products in stock, as well as over 100,000 additional products available to our customers as special order items. Henry Schein also offers a wide range of innovative value-added practice solutions for healthcare professionals, such as ArubA[R], the Company's electronic catalog and ordering system. Its leading practice-management software solutions have been installed in more than 50,000 practices, including DENTRIX[R] and Easy Dental[R] for dental practices, and AVImark[R] for veterinary clinics. Headquartered in Melville, N.Y., Henry Schein employs more than 11,000 people and has operations in 19 countries. The Company's sales reached a record $4.6 billion in 2005. For more information, visit the Henry Schein Web site at www.henryschein.com. About Milestone Scientific, Inc. Headquartered in Livingston, New Jersey, Milestone Scientific is engaged in pioneering proprietary, highly innovative technological solutions for the medical and dental markets. Central to the Company's IP platform and product development strategy is its patented CompuFlo([TM]) technology for the improved and painless delivery of 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. . Specifically, CompuFlo is a computer-controlled, pressure sensitive infusion, perfusion perfusion /per·fu·sion/ (-zhun) 1. the act of pouring over or through, especially the passage of a fluid through the vessels of a specific organ. 2. a liquid poured over or through an organ or tissue. , suffusion suffusion /suf·fu·sion/ (su-fu´zhun) 1. the process of overspreading, or diffusion. 2. the condition of being moistened or of being permeated through, as by blood. and aspiration technology, which provides real-time readouts of pressures, fluid densities and flow rates, enabling the advanced delivery and removal of a wide array of fluids. The Single Tooth Anesthesia (STA([TM])) computer-controlled local anesthesia Anesthesia, Local Definition Local or regional anesthesia involves the injection or application of an anesthetic drug to a specific area of the body, as opposed to the entire body and brain as occurs during general anesthesia. delivery system which uses this technology provides dentists with audible and visual signals as to in-tissue pressure. Milestone's existing painless injection systems are currently sold in 25 countries. For more information on these and other innovative Milestone products, please visit the Company's web site found at www.milesci.com. Milestone Scientific, Inc. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement: This press release contains forward-looking statements regarding the timing and financial impact of the 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 Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. , adverse patent rulings, FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. 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 on Form 10-KSB for the year ended December 31, 2006. 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. Henry Schein, Inc. Safe Harbor Statement: In accordance with the "Safe Harbor" provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, we provide the following cautionary remarks regarding important factors which, among others, could cause future results to differ materially from the forward-looking statements, expectations and assumptions expressed or implied herein. All forward-looking statements made by us are subject to risks and uncertainties and are not guarantees of future performance. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance and achievements, or industry results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These statements are identified by the use of such terms as "may," "could," "expect," "intend," "believe," "plan," "estimate," "forecast," "project," "anticipate" or other comparable terms. A full discussion of our operations and financial condition, including factors that may affect our business and future prospects, is contained in documents we have filed with the SEC and will be contained in all subsequent periodic filings we make with the SEC. These documents identify in detail important risk factors that could cause our actual performance to differ materially from current expectations. Risk factors and uncertainties that could cause actual results to differ materially from current and historical results include, but are not limited to: competitive factors; changes in the healthcare industry; changes in government regulations that affect us; financial risks associated with our international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. ; fluctuations in quarterly earnings; our dependence on third parties for the manufacture and supply of our products; transitional challenges associated with acquisitions; regulatory and litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. risks; the dependence on our continued product development, technical support and successful marketing in the technology segment; our dependence upon sales personnel and key customers; our dependence on our senior management; possible increases in the cost of shipping our products or other service trouble with our third-party shippers; risks from rapid technological change; risks from potential increases in variable interest rates; financial risks associated with acquisitions; possible volatility of the market price of our common stock; certain provisions in our governing documents that may discourage third-party acquisitions of us; and changes in tax legislation that affect us. The order in which these factors appear should not be construed to indicate their relative importance or priority. We caution that these factors may not be exhaustive and that many of these factors are beyond our ability to control or predict. Accordingly, forward-looking statements should not be relied upon as a prediction of actual results. We undertake no duty and have no obligation to update forward-looking statements. |
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