LIVINGSTON, N.J., July 12 /PRNewswire-FirstCall/ -- Milestone Scientific Inc. , which develops, manufactures and markets computer controlled local anesthetic delivery systems, today announced that David Cohn, CPA, has been elected Chief Financial Officer of the Company, effective July 14, 2006. Ms. Rosaline Shau, the previous CFO at Milestone, will continue to serve the Company as Assistant Controller.
Most recently Mr. Cohn was controller of Bookazine Co. Inc., a full service book wholesaler, and Arbee Associates, a consulting firm. Earlier in his career he worked at a public reporting company and an independent accounting and auditing firm.
"We are very pleased to welcome David to our senior management team as Chief Financial Officer," noted Leonard Osser, Chief Executive Officer of Milestone Scientific Inc. "He brings a strong accounting, tax and financial background to our organization and will play an important role as Milestone pursues its business strategy in the medical and dental markets."
About Milestone Scientific Inc.
Milestone Scientific 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 (Cool Blue) teeth whitening systems that were introduced to the market in early 2005.
In 2001, Milestone Scientific received broad United States patent protection on an enabling technology for computer controlled, pressure sensitive infusion, perfusion, suffusion and aspiration, which provides real time displays of pressures, fluid densities and flow rates, that advances the delivery and removal of a wide array of fluids. Development of this CompuFlo technology is currently underway.
The Company is headquartered in Livingston, New Jersey, and its common stock trades on the American Stock Exchange under the symbol "MSS".
CONTACT
Leonard Osser, CEO
Milestone Scientific Inc
(973) 535-2717; (973) 535-2829 (Fax)
Web site: http://www.milesci.com/
