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Milestone
Scientific Announces Agreement With Medical Hair Restoration--March
28, 2002--
Milestone Scientific
Inc. (AMEX: MS) today announced an agreement with -- Medical Hair
Restoration (MHR) under which MHR will equip each of its 21 surgery
centers in the U.S., with Milestone's CompuMed(TM) computer controlled
local anesthetic delivery system.
CompuMed(TM) features the Wand(R), an ergonomically designed handpiece.
"CompuMed(TM),
featuring the Wand(R) handpiece is an example of Medical Hair
Restoration's commitment to our patients," commented Lee Fields,
Vice President of Operations for Medical Hair Restoration. "As
medical professionals, it is our duty to make the patient experience as
stellar as our acclaimed physicians' results. This advancement in
anesthetic delivery will ensure maximum patient comfort. With 21 surgery
centers and more on the horizon, our practice will continue to leverage
technology to improve patient results and raise the bar on patient
care."
Stuart Wildhorn,
Senior Vice President of Milestone Scientific, said, "The agreement
with Medical Hair Restoration is a breakthrough for Milestone Scientific
in the medical marketplace. The use of CompuMed(TM) and the Wand(R)
handpiece in every MHR domestic hair restoration clinic not only
validates the use of the technology in medicine, but clearly
demonstrates the acceptance of CompuMed(TM) by an industry leader."
Milestone Scientific
is the developer, manufacturer and marketer of CompuMed(TM) and
CompuDent(TM) computer controlled local anesthetic delivery systems.
These systems comprise both 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. Milestone Scientific has recently
received broad United States patent protection on "CompuFlo(TM)",
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.
The Leavitt Companies
(TLC), with offices in more than 35 cities nationwide, includes Medical
Hair Restoration and Advanced Dermatology & Cosmetic Surgery. A
leader in hair restoration, MHR, under the medical direction of its
founder, Dr. Matt Leavitt, has performed hair transplant procedures for
thousands of men and women from more than 40 countries. Its doctors have
addressed a wide variety of patient concerns and bring a broad
experience base to each patient they see. TLC's doctors are on the
forefront of clinical research, publishing, continuing education
programs, state-of-the-art instrumentation and innovative procedures.
This release contains "forward looking statements" based on
current expectations but involving known and unknown risks and
uncertainties. Actual results or achievements may be materially
different from those expressed or implied. The Company's plans and
objectives 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 the control of the Company.
Therefore, there can be no assurance that the forward-looking
statements, including, but not limited to, those relating to the
availability of capital pursuant to this facility, will prove to be
accurate.
SOURCE: Milestone Scientific Inc
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