Last $1.95 USD
Change Today +0.11 / 5.98%
Volume 2.3K
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As of 10:04 AM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

milestone scientific inc (MLSS) Key Developments

Milestone Scientific Inc. Establishes Joint Venture Medical and Dental Distribution Company in China; Appoints Lidong Zhang as Chief Executive Officer of Milestone China

Milestone Scientific Inc. announced that it has formed a joint venture medical and dental distribution company with senior healthcare executives from China. The new joint venture, Milestone China, will be headquartered in Hong Kong and will be 40% owned by Milestone Scientific. The focus of Milestone China will be to supply and distribute medical and dental instruments, disposables and certain medications to China and other Asian markets. Milestone China will initially focus on purchasing and selling Milestone Scientific's STA Wand(R) Computer Controlled Anesthesia System and related disposables, which were recently approved by the China Food and Drug Administration. Lidong Zhang has been appointed as Chief Executive Officer of Milestone China. Prior to joining Milestone China, Mr. Zhang held senior executive positions with leading healthcare distribution companies in China, including President of China National Medicines Corporation Ltd. (CNMC), President of China National Pharmaceutical Logistics Co. Ltd, and Vice President of China National Bio-tech Group. He also served as Chairman of National Medicines Prospect Dentech (Beijing) Co. Ltd.

Milestone Scientific Inc. Appoints Gian Domenico Trombetta as Chief Executive Officer of its Dental Division

Milestone Scientific Inc. announced that it has appointed Gian Domenico Trombetta as Chief Executive Officer of its dental division. Mr. Trombetta will also serve as a member of Milestone Scientific's Board of Directors. Leonard Osser will remain Chief Executive Officer of Milestone Scientific. Mr. Trombetta is the President and CEO of Innovest S.p.A. In the past he has served as CEO and board member of numerous private commercial companies.

Milestone Scientific Inc. Announces Unaudited Financial Results for the First Quarter Ended March 31, 2014

Milestone Scientific Inc. announced unaudited financial results for the first quarter ended March 31, 2014. For the quarter, the company's revenue was $2,620,834 against $2,489,542 for the first quarter of 2013. The increase in product sales of $131,292 or 5.3% was primarily the result of increased international revenue. Net income was $194,384 or $0.01 per basic and diluted share against $150,746 or $0.01 per basic and diluted share for the comparable period in 2013. The increase in net income was attributable to an increase in sales, offset by a non-cash expense of $130,523 related to the Milestone Medical Inc. joint venture that was not incurred in 2013. Income from operations was $329,248 against $167,761 a year ago.

Milestone Scientific Inc. Presents at Third Annual Marcum MicroCap Conference, May-29-2014 02:30 PM

Milestone Scientific Inc. Presents at Third Annual Marcum MicroCap Conference, May-29-2014 02:30 PM. Venue: Grand Hyatt New York, 109 East 42nd Street, New York, NY 10017, United States.

Milestone Scientific Inc., Q1 2014 Earnings Call, May 14, 2014

Milestone Scientific Inc., Q1 2014 Earnings Call, May 14, 2014

 

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Price/Book 5.6x
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