Anthony Vendetti

Bruce Jackson

Nicholas Sherwood

Richard Dorado

- Milestone Scientific Inc. (MLSS) provided a business update on **October 14, 2025**, detailing transformation and growth initiatives under its new Chief Executive Officer, Eric Hines, who joined two months prior.  **[855683_08adcf8835534f4fae57ec8c50fdc673_0]** 
- Under Mr. Hines' leadership, the company has implemented strategic actions including expanding North American sales and digital marketing in the dental segment, planning a guided relaunch of CompuFlo® in the medical segment, and **reducing operating expenses across the organization**.  **[855683_08adcf8835534f4fae57ec8c50fdc673_0]** 
- During the third quarter, Milestone Scientific **reduced operating expenses by approximately 20%** compared to the same period in 2024, while achieving **modest revenue growth** and an **uptick in recurring revenue from CompuFlo® disposables**.  **[855683_08adcf8835534f4fae57ec8c50fdc673_0]**

Milestone Scientific provides business update under new CEO

- Milestone Scientific Inc. (MLSS) received a letter from NYSE American LLC on October 8, 2025, stating it is **not in compliance** with continued listing standards Sections 1003(a)(ii) and 1003(a)(iii).  **[855683_efa410de3da74508a9c53aa3db072a16_0]** 
- The non-compliance stems from having stockholders' equity of approximately **$3.3 million** as of June 30, 2025, and experiencing losses in each of its **five most recent fiscal years** ended December 31, 2024.  **[855683_efa410de3da74508a9c53aa3db072a16_0]**  This falls below the required **$4 million** (for losses in three of four years) and **$6 million** (for losses in five years) stockholders' equity thresholds.  **[855683_efa410de3da74508a9c53aa3db072a16_0]** 
- The company is required to submit a plan of compliance by **November 7, 2025**, detailing actions to regain compliance by **April 8, 2027**.  **[855683_efa410de3da74508a9c53aa3db072a16_0]** 
- Milestone Scientific's common stock will **continue to trade** on the NYSE American under "MLSS" while it works to regain compliance, and the notification does not immediately affect its business operations or SEC reporting obligations.  **[855683_efa410de3da74508a9c53aa3db072a16_0]**

MILESTONE SCIENTIFIC (MLSS)