Milestone Scientific Announces the Appointment of Retail Industry Veteran Ms. Benedetta Casamento to its Board of Directors
May 23 2022 - 7:00AM
Milestone Scientific Inc. (NYSE: MLSS), a leading
developer of computerized drug delivery instruments that provide
painless and precise injections, today announced the appointment of
Ms. Benedetta Casamento to the Company’s Board of Directors.
Ms. Casamento currently serves as a retail
consultant specializing in finance, business operations, financial
planning and analysis. Ms. Casamento previously served as Chairman
and President of Allyke, Inc., an artificial intelligence company
creating digital imagery insights for retail and other industries.
She also served as CEO of Calypso St. Barth, a luxury lifestyle
brand, as well as a consultant to private equity firms with
portfolio interests in retail and fashion. Earlier in her career,
she served as Executive Vice President of Finance & Operations
at The Talbots Inc. and held various senior leadership positions at
Liz Claiborne, Inc., including President of Liz Claiborne Brands
and President of the Ellen Tracy and Dana Buchman brands. She
serves on the Board of Directors for Charles & Colvard, a
globally recognized fine jewelry company. She is also involved in
various charitable organizations, including serving on the Board of
Directors of Women in Need, Inc., a non-profit organization that
provides housing, programs, and other services to New York City’s
homeless mothers and their children.
Leslie Bernhard, Chairman of the Board of
Milestone Scientific Inc. commented, “I am delighted to welcome
Benedetta to Milestone’s board. She brings an impressive track
record in brand marketing, business operations and finance that we
believe will help support our continued growth. In particular, we
look forward to her insights and contributions as we continually
refine the branding and sales strategies around both our current
instruments, as well as new products in our pipeline.”
Ms. Casamento noted, “I am honored to join
Milestone at this exciting time in the Company’s evolution.
Milestone’s CompuFlo® Epidural and CathCheck™ Verification System
address an unmet need in the marketplace, given the safety issues
associated with the traditional epidural procedure. The importance
of this message can not be understated, both for women in labor and
delivery, as well as the millions of others that receive epidural
procedures each year. In addition, I look forward to supporting the
launch of new products built on Milestone’s platform technology,
which provides safety and economic benefits across a wide range of
potential indications.”
About Milestone Scientific
Inc.
Milestone Scientific Inc. (MLSS), a technology
focused medical research and development company that patents,
designs and develops innovative injection technologies and
instruments for medical, dental and cosmetic applications.
Milestone Scientific’s computer-controlled systems are designed to
make injections precise, efficient and increase the overall patient
comfort and safety. Their proprietary DPS Dynamic Pressure Sensing
Technology® instruments is the platform to advance the development
of next-generation devices, regulating flow rate and monitoring
pressure from the tip of the needle, through platform extensions of
subcutaneous drug delivery, including local anesthetic. To learn
more, view the MLSS brand video or visit
milestonescientific.com.
Safe Harbor Statement
This press release contains forward-looking
statements regarding the timing and financial impact of Milestone's
ability to implement its business plan, expected revenues, timing
of regulatory approvals and future success. These statements
involve a number of risks and uncertainties and are based on
assumptions involving judgments with respect to future economic,
competitive and market conditions, future business decisions and
regulatory developments, all of which are difficult or impossible
to predict accurately and many of which are beyond Milestone's
control. Some of the important factors that could cause actual
results to differ materially from those indicated by the
forward-looking statements are general economic conditions, failure
to achieve expected revenue growth, changes in our operating
expenses, adverse patent rulings, FDA or legal developments,
competitive pressures, changes in customer and market requirements
and standards, and the risk factors detailed from time to time in
Milestone's periodic filings with the Securities and Exchange
Commission, including without limitation, Milestone's Annual Report
for the year ended December 31, 2021. The forward-looking
statements in this press release are based upon management's
reasonable belief as of the date hereof. Milestone undertakes no
obligation to revise or update publicly any forward-looking
statements for any reason.
Contact:David Waldman or
Natalya RudmanCrescendo Communications, LLCEmail:
mlss@crescendo-ir.com Tel: 212-671-1020
Milestone Scientific (AMEX:MLSS)
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