Milestone Scientific Announces Sales and Marketing Alliance With Corestrength, Inc.
18 8월 2006 - 12:00AM
PR Newswire (US)
LIVINGSTON, N.J., Aug. 17 /PRNewswire-FirstCall/ -- Milestone
Scientific Inc. (AMEX:MSS), which develops, manufactures, and
markets "intelligent" computer controlled local anesthetic delivery
systems, today announced that it has entered into a strategic sales
and marketing relationship with Corestrength, Inc. Under the terms
of the agreement, Corestrength will provide and manage a team of
Independent Sales Representatives that will cover the U.S. and
Canada for Milestone. Corestrength will support Milestone's sales
and marketing activities involving its new Single Tooth Anesthesia
(STA) product, which is scheduled for market launch in the first
quarter of 2007. Corestrength will provide the training and sales
support required of the dental distributor sales force. This will
include co-traveling and Dental show support, which are essential
elements to the STA product launch. The financial risk associated
with this relationship is negligible to the Company. Corestrength,
Inc., headquartered in Melbourne, Florida, provides support
services that are designed to build sales and brand awareness for
dental product companies. "We are pleased to announce this
relationship with Corestrength, which is well known as a premier
provider of sales and marketing support services in the dental
industry," stated Leonard Osser, Chief Executive Officer of
Milestone Scientific Inc. "Corestrength's close relationships with
the distributor's sales force will be critical during the 'market
launch' period. We believe our revolutionary Single Tooth
Anesthesia device has the potential to greatly expand the market
penetration of our dental product line. By utilizing our patented
'biofeedback' technology to enhance patient comfort and boost
dental practice productivity, we believe that the value of our STA
product will be a significant enhancement to dental practices
throughout North America and abroad." Milestone Scientific's STA
device is designed to significantly improve the efficiency of a
procedure that is highly valued among dentists -- the periodontal
ligament injection. Currently, dentists typically assure effective
anesthetic administration by using a mandibular block, which
deadens a quarter of the face in addition to the single tooth being
worked on. Unfortunately, dentists 'miss' the targeted area for the
anesthesia about 30% of the time, requiring multiple injections and
more patient time in the chair. In addition, "block" anesthesia
inconveniences the patient in a number of ways, as the lip, tongue
and cheek are made numb as an avoidable side effect of this
technique. When a patient requires anesthesia for work on the
opposite side of the mouth, dentists must currently schedule two
separate appointments due to the impossibility of administering
simultaneous mandibular blocks. The STA device will incorporate the
"biofeedback" elements of our patented CompuFlo technology to
produce targeted numbness to a single tooth without numbing the
lip, tongue or cheek. The STA offers benefits and advantages that
make it faster, easier and more predictable to administer dental
anesthesia when compared with current techniques. While the
periodontal ligament injection has been around for some time, there
has been no effective technology that allows dentists to easily
perform the procedure painlessly, safely and predictably until now.
Milestone believes that a device which allows dentists to
effectively anesthetize a single tooth, as the primary (only)
injection, when combined with the painless injection capabilities
already imbedded in the CompuDent system, should represent a
compelling value that can significantly expand the Company's share
of the dental device market. As with the Company's CompuDent
system, the STA device will generate recurring revenues from
disposable handpieces. About Milestone Scientific Inc. Milestone
Scientific Inc. is the developer, manufacturer and marketer of
CompuMed(R) and CompuDent(R) computer controlled local anesthetic
delivery systems. These systems comprise a microprocessor
controlled drive unit as well as The Wand(R) handpiece, a single
patient use product that is held in a pen-like manner for
injections. The Company also sells the SafetyWand(R), which
incorporates engineered sharps injury protection features to aid in
the prevention of accidental needlesticks. Milestone has also
developed proprietary consumer (Ionic White) and professional
(CoolBlue) teeth whitening systems that were introduced to the
market in early 2005. Milestone has also received broad United
States patent protection on CompuFlo(TM), an enabling technology
for computer controlled, pressure sensitive infusion, perfusion,
suffusion and aspiration that provides real time displays of
pressures, fluid densities and flow rates. CompuFlo advances the
delivery to and/or removal from patients of local anesthesia,
medications and other fluids, and the Company is pursuing market
opportunities in a variety of medical and dental applications.
Elements of CompuFlo technology have been incorporated into the
Company's new Single Tooth Anesthesia (STA) Computer Controlled
Local Anesthesia Delivery Device. CompuFlo and the STA have been
cleared for marketing and sale via the acceptance of 510(k)
Premarket Notification filings by the FDA. The Company is
headquartered in Livingston, New Jersey, and its common stock
trades on the American Stock Exchange under the symbol "MSS". 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, 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 on Form 10-KSB for the year
ended December 31, 2005. 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 Leonard Osser, CEO Milestone Scientific Inc. (973)
535-2717; (973) 535-2829 (Fax) Web site: http://www.milesci.com/
DATASOURCE: Milestone Scientific Inc. CONTACT: Leonard Osser, CEO
of Milestone Scientific Inc., +1-973-535-2717, or fax,
+1-973-535-2829 Web site: http://www.milesci.com/
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