Milestone Scientific Inc. Announces It has Begun Implementing Three-Year Strategy to Expand the World-Wide Global Dental Mark...
20 January 2021 - 12:30AM
Milestone Scientific Inc. (NYSE American:MLSS), a
leading developer of computerized drug delivery instruments that
provide virtually painless and precise injections, today announced
that it has signed agreements with US Dental Depot and IQ Dental
Supply for its Wand® Single Tooth Anesthesia (STA) System. US
Dental Depot and IQ Dental Supply are leading distributors of
dental products in the U.S., headquartered in Florida and New
Jersey, respectively.
Arjan Haverhals, CEO of Wand Dental Inc.
commented, "We are encouraged by the rebound in interest in our
dental instrument, as evidenced by the addition of these two latest
independent distributors, which expands our coverage in Florida,
New York and New Jersey. US Dental Depot and IQ Dental Supply are
excellent partners as their principals have extensive expertise and
proven track records in their respective markets. These
partnerships will enable us to leverage our patented products with
their unparalleled sales, marketing, distribution and customer
support platforms in the professional dental segment.”
Leonard Osser, Interim CEO of Milestone
Scientific, further noted, “We are successfully adding domestic and
global distribution partners, which reflects our new decentralized
sales strategy. Specifically, we are targeting independent
distributors with existing relationships within their respective
territories and dental networks. We believe we have developed a
highly cost effective and scalable platform to help drive our
dental instrument and handpiece sales in the coming years.”
About IQ Dental Supply
Based in Fairfield, New Jersey, IQ Dental is a
full service Dental Supply Company selling dental supplies,
equipment, and providing excellent service since 2009. IQ Dental
Supply is a family-owned company with a proven track record of
providing superior customer service and unbeatable prices. For more
information, please visit: http://www.iqdentalsupply.com/.
About US Dental Depot
Based in Fort Lauderdale, Florida, USA, and founded in 2005, US
Dental Depot is committed to offering professional service and
providing optional brands of high quality products at competitive
prices. We are dealers of over 65 leading dental manufacturers
worldwide. For more information, please visit:
http://www.usdentaldepot.com.
About Milestone Scientific Inc.
Milestone Scientific Inc. (MLSS) is a biomedical
technology research and development company that patents, designs
and develops innovative diagnostic and therapeutic injection
technologies and instruments for medical, dental, cosmetic and
veterinary applications. Milestone's computer-controlled systems
are designed to make injections precise, efficient, and virtually
painless. Milestone’s proprietary DPS Dynamic Pressure Sensing
technology® is our technology platform that advances the
development of next-generation devices, regulating flow rate and
monitoring pressure from the tip of the needle, through platform
extensions for local anesthesia for subcutaneous drug delivery,
with specific applications for cosmetic botulinum toxin injections,
epidural space identification in regional anesthesia procedures and
intra-articular joint injections. For more information please visit
our website: 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, timing
of regulatory approvals 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, future business decisions and
regulatory developments, 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, 2019. 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.
Contact:David Waldman or
Natalya RudmanCrescendo Communications, LLCEmail:
mlss@crescendo-ir.comTel: 212-671-1020
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