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Company Press Release
AFP Imaging Completes International Distribution Arrangements For "The
Wand-TM" -- A Virtually Painless Anesthetic Delivery System
ELMSFORD, NY--(BUSINESS WIRE)--Feb. 17, 1999--AFP Imaging (NASDAQ:AFPC - news) and Milestone Scientific, Inc, (AMEX:MS - news) today
announced that they had entered into an agreement for the international distribution by DENT-X, the dental division of AFP Imaging, for ''The Wand'' which is
Milestone's computer controlled, precision metered, local anesthetic injection system. AFP will utilize its well-established, world-wide distribution network of dealers
for its dental and medical imaging products, intraoral video cameras, digital x-ray systems and other dental products. Under the arrangements, Milestone would
continue to be responsible for distribution of ''The Wand'' in the United States, Canada, China, Hong Kong and Taiwan. In addition to AFP/DENT-X's distribution
channels, AFP will also assume certain existing international distribution arrangements, previously established by Milestone in South Africa, Israel and certain other
countries. AFP's extensive network of foreign distributors and representatives has generated one-third of the company's total sales in fiscal 1998.
David Vozick, Chairman of AFP stated that The Wand is a strategic addition to AFP/DENT-X's existing product lines and should complement our other high-tech
dental products. There are approximately 700,000 practicing dentists outside North America who are all potential users of the injection system. Therefore the
International dental markets are a logical next step as AFP continues to introduce digital technology into dental operatories. ''The Wand'' is ''CE'' approved for
European markets.
Leonard Osser, Chairman and Chief Executive Officer of Milestone stated, ''The Wand is a computer controlled system to assist the dentist to perform even difficult
injections with ease and patient comfort. Precision metering of a local anesthetic enables virtually painless injections to be administered consistently. Consummation
of the distribution arrangements with AFP will accelerate Milestone's development of the worldwide dental markets for ''The Wand.''
AFP is a dental and medical imaging equipment supplier whose products are widely applied in medical and dental diagnostics. The company's dental digital imaging
technology is providing the gateway for future growth. AFP's products are used in medical, dental and related markets. The company's products are sold worldwide
under various brand names which include AFP, DENT-X, and Sens-A-Ray 2000(TM).
Milestone Scientific, Inc. is the developer, manufacturer and North American marketer of ''The Wand(TM)'' a computer controlled injection system.
The remarks contained in this press release and presented elsewhere by management from time to time contain forward-looking statements which involve risks and
uncertainties. The company's actual results may differ significantly from the results discussed in this press release or in other forward-looking statements presented by
management. Among the factors that could cause actual results to differ materially include failure of revenue on new products to develop as estimated, regulatory
delays, loss of existing customers, general downward trends in the company's industry and other risk factors detailed from time to time in the company's reports filed
with the SEC.
Contact:
AFP Imaging Corporation, Elmsford
David Vozick, Chairman
914/592-6100
E-mail: afp@afpimaging.com
Web: www.afpimaging.com |
