Milestone Scientific Inc. Announces New Investment Banking Relationship

Business Wire, Sept 22, 1997

LIVINGSTON, N.J.--(BUSINESS WIRE)--Sept. 22, 1997--Milestone Scientific Inc. (NASDAQ:WAND) today announced that it had entered into a financial advisory relationship with Ladenburg Thalmann & Co. Inc., a New York based investment banking firm.

Milestone Scientific Inc. develops, manufactures, markets and sells leading-edge, proprietary or patent-protected medical and dental equipment and disposable products for use by health care providers. Company products focus on patient comfort, practitioner efficiency, and infection and pain control. The Company's principal product is The Wand(TM), a computer activated, local anesthetic injection system.

CONTACT: Wolfe Axelrod Associates

Stephen D. Axelrod

Nancy S. Levenson

Susan T. Bolen (Media)

(212) 370-4500; (212) 370-4505 (Fax)

e-mail: 76015.440@compuserve.com

or

Milestone Scientific Inc.

Leonard A. Osser, (973) 535-2717; (973) 535-2829 (Fax)