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MILESTONE SCIENTIFIC

MLSS NYSE

Shares Enter Breakout Territory

Revenues Soar – Dental

Strong Buy Target $7.50

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Milestone Scientific Commences Sales of CompuFlo® Epidural Disposables within Prominent Pain Clinic with Leading Physician

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These shares are ready to advance to the next level driven by higher than expected revenues and the decrease in Covid cases allowing dental offices to fully reopen.

These shares have recently broken and remained above $2.00 signaling an advance towards the year high of $4.85. Longer term we have set a target price of $7.50

We urge all serious investors to immediately place these shares on their BUY LIST

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INVESTOR OBSERVER BULLISH $6.00 TARGET

HEALTHCARE STOCKS UP

Milestone Scientific Commences Sales of CompuFlo® Epidural Disposables within Prominent Pain Clinic with Leading Physician

Reports continued expansion into pain management market following successful evaluation by Dr. Harsh Govil, MD, MPH

ROSELAND, N.J., Jan. 06, 2022 (GLOBE NEWSWIRE) — Milestone Scientific Inc. (NYSE:MLSS), a leading developer of computerized drug delivery instruments, that provide painless and precise injections, today announced that Dr. Harsh Govil, MD, MPH, whose practice is based in Statesville, NC, has begun incorporating the CompuFlo ® Epidural instrument into his practice for pain management, following a successful evaluation. Dr. Govil plans to utilize the CompuFlo Epidural instrument for office-based procedures to safely and quickly access the epidural space.


Dr. Govil commented, “I am excited to incorporate Milestone Scientific’s CompuFlo Epidural instrument into my practice, as I believe it represents an advancement in pain management. The instrument provides real-time feedback and confirmation of epidural placement, which offers a number of advantages in terms of safety and efficacy.”

Arjan Haverhals, CEO and president of Milestone Scientific, stated, “We are delighted to announce that another major thought leader has incorporated the CompuFlo Instrument into his pain practice at a nationally recognized institution. Dr. Govil is a true leader and pioneer in the field of pain management. We believe the use of our technology by Dr. Govil illustrates the commitment to patient safety, and incorporates the latest technologies to improve the patient experience. As we have indicated previously, we are excited to expand beyond labor and delivery, and are pushing forward into the pain management market addressing the total market with over 11 million reported epidural procedures each year. We believe the traction we are gaining bodes well for the business heading into 2022.”

Dr. Harsh Govil joined Piedmont HealthCare as a non-surgical spine specialist. After completing residency in physical medicine and rehabilitation he went to Cleveland Clinic’s world renowned pain management center for fellowship training in interventional pain management. During his fellowship he received specialized training in managing low back and neck pain caused by various spinal conditions. Dr. Govil offers the latest, most advanced techniques available for pain management. He is certified by the American Board of Physical Medicine with subspecialty certification in pain medicine.

About Milestone Scientific Inc.
Milestone Scientific Inc. (MLSS), a technology focused medical research and development company that patents, designs and develops innovative injection technologies and instruments for medical, dental and cosmetic applications. Milestone Scientific’s computer-controlled systems are designed to make injections precise, efficient and increase the overall patient comfort and safety. Their proprietary DPS Dynamic Pressure Sensing Technology ® instruments is the platform to advance the development of next-generation devices, regulating flow rate and monitoring pressure from the tip of the needle, through platform extensions of subcutaneous drug delivery, including local anesthetic. To learn more, view the MLSS brand video or visit milestonescientific.com .

Milestone Scientific Announces Purchase of CompuFlo / CathCheck(TM) Verification System Disposables at Two Additional Premier Hospitals

Both hospitals belong to large hospital systems representing future growth opportunities

ROSELAND, N.J., Dec. 28, 2021 (GLOBE NEWSWIRE) — Milestone Scientific Inc. (NYSE:MLSS), a leading developer of computerized drug delivery instruments, that provide painless and precise injections, today announced the purchase of its CompuFlo ® Epidural and CathCheck  Verification System disposables from two additional leading hospitals, expanding the Company’s geographic footprint.

Arjan Haverhals , CEO of Milestone Scientific , stated, “These orders from well recognized hospitals illustrate our continued traction in the market. Importantly, both of these hospitals belong to large healthcare systems. One of these new hospitals represents an expansion to an additional location within its existing healthcare system, which is important validation of our technology. The use of our instruments and disposables provides a level of safety and efficiency not currently available using conventional syringes, as well as a significant economic benefit to the institution. We have a growing pipeline of healthcare institutions across the country, and remain committed to our goal of establishing the CompuFlo Epidural instrument as the new standard of care in epidural anesthesia.”

The clinical and safety benefits of the CompuFlo Epidural and CathCheck Verification System are backed by numerous published clinical studies demonstrating reductions in epidural punctures and complication rates, and can contribute to time savings on the part of anesthesiologists. Dr. Mark Hochman, Director of Clinical Affairs stated, “The momentum we’re gaining in the marketplace is a direct reflection of the growing clinical evidence supporting routine use of the CompuFlo Epidural and CathCheck Verification System in clinical practice.”

A recent study has shown that the CompuFlo Epidural instrument has the potential to significantly reduce costs associated with morbidity, providing a direct economic benefit to healthcare institutions. Similarly, the CathCheck Verification System has the potential to transform the monitoring of catheter placement by confirming the presence or absence of a pulsatile waveform which correlates to the correct placement of a catheter. This can be accomplished within two minutes, versus 20 to 40 minutes using conventional methods, thus providing an additional benefit to the use of the CompuFlo-Epidural System.

About Milestone Scientific Inc.
Milestone Scientific Inc. (MLSS), a technology focused medical research and development company that patents, designs and develops innovative injection technologies and instruments for medical, dental and cosmetic applications. Milestone Scientific’s computer-controlled systems are designed to make injections precise, efficient and increase the overall patient comfort and safety. Their proprietary DPS Dynamic Pressure Sensing Technology ® instruments is the platform to advance the development of next-generation devices, regulating flow rate and monitoring pressure from the tip of the needle, through platform extensions of subcutaneous drug delivery, including local anesthetic. To learn more, view Milestone Scientific’s brand video or visit 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, 2020 . 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.

Neither PSN nor its owners, members, officers, directors, partners, consultants, nor anyone involved in the publication of this website, is a registered investment adviser or broker-dealer or associated person with a registered investment adviser or broker-dealer and none of the foregoing make any recommendation that the purchase or sale of securities of any company profiled in the PSN website is suitable or advisable for any person or that an investment or transaction in such securities will be profitable. The information contained in the PSN website is not intended to be, and shall not constitute, an offer to sell nor the solicitation of any offer to buy any security. The information presented in the PSN website is provided for informational purposes only and is not to be treated as advice or a recommendation to make any specific investment. Please consult with an independent investment adviser and qualified investment professional before making an investment decision. Writer owns 20,000 shares