Milestone Scientific Commences Direct Sales of STA Single Tooth Anesthesia System to Maine Dental Group, a Premier Group Practice with 21 Locations Across the Northeast

ROSELAND, N.J., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Milestone Scientific Inc. (NYSE:MLSS), a leading developer of computerized drug delivery instruments that provide painless and precise injections, today announces it has commenced sales of its STA Single Tooth Anesthesia System (STA) with Maine Dental Group, a premier group of 21 dental practices across the northeastern United States.

Arjan Haverhals, Chief Executive Officer of Milestone Scientific, noted, “We are honored to add Maine Dental Group to our growing roster of dental practices, and believe this agreement is further validation of our new direct sales model, as well as our emphasis on Dental Service Organizations (DSOs) and large group practices, which we initiated last year. We are executing our new sales strategy, which allows us to leverage a lean sales organization, while providing a cost-effective means to scale the business. According to the American Dental Association, approximately 23% of all dentists are now affiliated with group practices and DSOs. Although this latest relationship required a long introductory period, we believe that having such a prestigious large group practice will help shorten our sales cycle and enable us to further penetrate the DSO market going forward. Moreover, we now have the ability to support these customers on an ongoing basis, through both our new sales portal and educational programs to enhance the customer experience, as well as maximize the relationship over time. In addition to targeting the DSO market, we are rolling out a variety of new marketing initiatives to drive greater awareness of our technology among dental practices nationwide.”

Dr. Jin Hwang, CEO of Maine Dental Group, stated, “The STA allows our practices to provide a painless and more pleasant experience for patients, which has helped to attract and retain patients. In addition, the STA has allowed us to improve the efficiency of our practices by reducing the time required before the onset of full anesthesia, thereby enabling us to see more patients in less time. We could not be more pleased with the STA, and plan on expanding its use within our group.”

About Milestone Scientific Inc.

Milestone Scientific Inc. (MLSS) is a biomedical technology company that patents, designs, develops and commercializes innovative diagnostic and therapeutic injection technologies and devices for medical and dental use. Since inception, Milestone Scientific has engaged in pioneering proprietary, innovative, computer-controlled injection technologies, and solutions for the medical and dental markets.