Jeff. . .Game for an undervalued gem?
afpimaging.com
William dug this one out of the mud. . .earnings should be coming any day now. . .often positive. . . Looking over their website, they have lots of great products for sale. . .and NO accomodation for investors. . .that's what I like. Also, do a full-text search on SI. . . NOTHING. . no hype . . no front running gurus. . .I just bought at 19/32. I am looking for this to get discovered at 1 and driven up to 3, settle back to 2 for earnings release. . . .of course no guarantees and penny stocks carry huge risk, so do your own DD.
Thanks . . . .Rande Is - - - - - >
February 17, 1999 10:49
Milestone Scientific, Inc. Distribution Arrangements for The Wand -tm-
LIVINGSTON, N.J.--(BUSINESS WIRE)--Feb. 17, 1999--Milestone Scientific Inc. (AMEX:MS) and AFP Imaging, Corporation (NASDAQ:AFPC) today announced that they had entered into an agreement for the international distribution by the Dent-X dental division of AFP of The Wand(tm), Milestone's computer controlled precision metered local anesthetic injection system, through the international distribution network previously established by AFP for its dental and medical imaging products, intraoral video cameras, digital x-ray systems and other dental products.
Under the agreement, Milestone would continue to be responsible for distribution of The Wand in the United States, Canada, China, Hong Kong and Taiwan. AFP would assume certain existing international distribution arrangements previously established by Milestone in South Africa, Israel and certain other countries. AFP has an extensive network of foreign distributors and representatives. Its foreign sales, or domestic sales for export, constituted more than one-third of its total sales in fiscal 1998.
Leonard Osser, Chairman and Chief Executive Officer of Milestone, stated that consummation of the distribution arrangements with AFP will accelerate Milestone's development of worldwide dental markets for The Wand. David Vozick, Chairman of AFP, stated that The Wand is an excellent addition to AFP's existing product lines and should enable AFP to become an even more efficient distributor of that product and its existing high tech products.
Milestone Scientific Inc. is the developer, manufacturer and marketer of The Wand(tm), the computer controlled injection system. This precision metered, local anesthetic injection system enables virtually painless injections to be administered consistently.
AFP is a medical and dental imaging equipment supplier whose products are widely applied in medical and dental diagnostics. AFP's newly launched dental imaging technology is providing the gateway for future growth. AFP's products are used in medical, dental and industrial markets. The Company's products are sold world-wide under various brand names which include AFP, DENT-X and SENS-A-Ray 2000(tm).
This release contains certain forward-looking statements which involve known and unknown risks, uncertainties or other factors not under the Company's control, which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or other expectations implied by these forward-looking statements These factors include, but are not limited to, those detailed in the Company's periodic filings with the Securities and Exchange Commission.
CONTACT: Wolfe Axelrod Associates, New York
Stephen D. Axelrod, CFA
Nancy S. L. Block
Susan T. Bolen (Media)
(212) 370-4500; (212) 370-4505 (Fax)
e-mail: nancylb@wolfeaxelrod.com |
