Milestone Scientific Signs Agreement with Towncare Dental Partnership, Inc. for Its STA Single Tooth Anesthesia Instruments
First Agreement With A Regional Dental Office Validates New Business Model
Agreement Covers All of Towncare's Dental Offices in Florida
LIVINGSTON, N.J.--(BUSINESS WIRE)-- Milestone Scientific Inc. (OTC BB: MLSS), the recognized leader in advanced, computer-controlled injection technologies, has signed an agreement, through a distributor, to provide Towncare Dental Partnership, Inc. with STA Single Tooth Anesthesia System(R) instruments. The agreement covers all of Towncare's dental offices in Florida. The instruments will be rolled out to Towncare's offices over the next four months, and Milestone will provide training and support to each office.
Leonard Osser, Chief Executive Officer of Milestone Scientific said, "This agreement with Towncare is a significant milestone for our company, marking what we expect to be the first of several agreements with regional and national dental practices throughout the United States. Our ability to penetrate this market was made possible not only by the high-quality of our instruments, but also from the implementation of our new strategic business model. This sales strategy involves deploying a professionally trained group of independent hygienists whose objective is to educate our dental customers about our instruments, and also provide them unsurpassed service."
He continued, "Having recently initiated our dental hygienist program, we are already quite enthused about its results. Our hygienists, who are located in key markets throughout the United States, assist our distributors in their respective territories, and provide added support by attending trade shows and networking with other dental professionals, with the end goal of increasing sales of our Single Tooth Anesthesia instruments. Our hygienists dramatically increase our reach and depth, providing us with a wide-spread, technically trained group of professionals, and with a strong competitive advantage. We are very pleased to be able to assist Towncare Dental in its objective to offer its patients an unparalleled commitment to their total oral health care."
Glory Kirstein, Vice President of Towncare said, "Following our initial testing of the STA Single Tooth Anesthesia System in one of our key offices, we are excited about offering Milestone's technology to our patients in all of our offices in Florida. This painless technology was extremely well-received by our patients, and was also easily administered by our dentists. We have high expectations for the Single Tooth Anesthesia instruments, and believe it will be a differentiator and contribute to the growth of our practice throughout south and central Florida."
About Towncare Dental
Towncare Dental is a growing dental practice management company with locations throughout Florida. Towncare's team General Dentists and Specialists offer patients an environment of unparalleled commitment to their total oral health care. Towncare plans on opening an additional 30 practices over the next three years.
About Milestone Scientific Inc.
Milestone Scientific is engaged in pioneering advanced computer-controlled injection technologies for the medical and dental markets; and currently sells its award-winning products through a global distribution network serving North America, Central and South America, Asia, Africa and Europe. For more information on the STA Single Tooth Anesthesia System(R) instrument and other innovative Milestone products, please visit the Company's web site found at www.milestonescientific.com or follow the Company on Twitter @painlessdental or become a fan on Facebook at Painless Dentistry.
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 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 for the year ended December 31, 2009. 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.
Source: Milestone Scientific Inc.
Released January 25, 2011