SEC Filings
Leonard Osser, CEO
Stu Wildhorn - President
Milestone Scientific Inc
(973) 535-2717; (973) 535-2829 (Fax)
Web site: www.milesci.com
MILESTONE SCIENTIFIC INC. ANNOUNCES CHANGE IN CFO POSITION
May 20, 2005
Rosaline Shau Appointed Acting Chief Financial Officer
LIVINGSTON, New Jersey (May 20, 2005) -- Milestone Scientific Inc. (AMEX: MS) today announced that Kevin Lusardi has resigned his position as Chief Financial Officer of the Company to pursue other career opportunities and that he will be working as a consultant to the Company in the interim. Milestone also announced the appointment of Rosaline Shau, MBA, CPA, as acting Chief Financial Officer and acting Chief Accounting Officer. Mrs. Shau, who joined Milestone as Assistant Controller in October 2004, has over 15 years of diversified accounting experience in the fields of both public and private accounting.
Milestone Scientific is the developer, manufacturer and marketer of CompuMed® and CompuDent® computer controlled local anesthetic delivery systems. These systems comprise a microprocessor controlled drive unit as well as The Wand® handpiece, a single patient use product that is held in a pen-like manner for injections. The Company also sells the SafetyWand®, 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 “MS”.