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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001169232-03-004690.txt : 20030723
<SEC-HEADER>0001169232-03-004690.hdr.sgml : 20030723
<ACCEPTANCE-DATETIME>20030723164114
ACCESSION NUMBER:		0001169232-03-004690
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20030723
ITEM INFORMATION:		Other events
FILED AS OF DATE:		20030723

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MILESTONE SCIENTIFIC INC/NJ
		CENTRAL INDEX KEY:			0000855683
		STANDARD INDUSTRIAL CLASSIFICATION:	ORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES [3842]
		IRS NUMBER:				133545623
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14053
		FILM NUMBER:		03798707

	BUSINESS ADDRESS:	
		STREET 1:		220 S ORANGE AVE
		STREET 2:		LIVINGSTON CORPORATE PARK
		CITY:			LIVINGSTON
		STATE:			NJ
		ZIP:			07039
		BUSINESS PHONE:		2013793171

	MAIL ADDRESS:	
		STREET 1:		44 KEAN ROAD
		STREET 2:		220 SOUTH ORANGE AVE
		CITY:			LIVINGSTON
		STATE:			NJ
		ZIP:			07039

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	U S OPPORTUNITY SEARCH INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d56340_8-k.txt
<DESCRIPTION>FORM 8-K
<TEXT>

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                               ------------------

                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

         Date of Report (Date of earliest event reported) July 23, 2003

                            MILESTONE SCIENTIFIC INC.
             (Exact name of Registrant as specified in its charter)


            Delaware                                              13-3545623
(State or other jurisdiction of         (Commission File        (IRS Employer
         incorporation)                       Number)        Identification No.)

    220 South Orange Avenue, Livingston Corporate Park, Livingston, NJ 07039
               (Address of Principal Executive Office) (Zip Code)
                  Registrant's telephone number (973) 535-2717


- --------------------------------------------------------------------------------
          (Former name or former address, if changed since last report)

<PAGE>

Item 5: Other Events and Required FD Disclosure

      (a)   On July 21, 2003, the Registrant issued a press release announcing
            the results of its reconvened Annual Meeting of Stockholders. A copy
            of the Registrant's press release is attached as Exhibit 99.1 to
            this Current Report.

      (b)   On July 22, 2003, the Registrant issued a press release announcing
            that the United States Patent Office has granted the Registrant a
            Notice of Allowance for broad patent protection on automated rate
            control technology, used in conjunction with the computer controlled
            local anesthetic delivery systems manufactured and distributed by
            the Registrant. A copy of the Registrant's press release is attached
            as Exhibit 99.2 to this Current Report.

                                   SIGNATURES

      Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Current Report on Form 8-K to be signed on its
behalf by the undersigned, hereunto duly authorized.

                                      Milestone Scientific Inc.


                                      by: /s/ Leonard Osser
                                          --------------------------------------
                                          Leonard Osser, Chief Executive Officer

Dated: July 23, 2003

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>d56340_ex99-1.txt
<DESCRIPTION>PRESS RELEASE, JULY 21, 2003
<TEXT>
                                                                    Exhibit 99.1

                      [LETTERHEAD OF MILESTONE SCIENTIFIC]

                                                 FOR IMMEDIATE RELEASE
CONTACT

Stuart J. Wildhorn - Senior Vice President
Milestone Scientific Inc.
(973) 535-2717; (973) 535-2829 (Fax)
Web site: www.milesci.com

    MILESTONE SCIENTIFIC INC. ANNOUNCES RESULTS OF RECONVENED ANNUAL MEETING

LIVINGSTON, N.J., July 21, 2003 -- Milestone Scientific Inc. (AMEX: MS) today
announced that at its reconvened Annual Meeting of Stockholders, held on Friday,
July 18, 2003, the proposed amendment adding a new class of "blank check"
Preferred Stock was approved by a vote of 7,250,330 For to 218,161 Against with
the remaining shares either not voting or abstaining.

Leonard Osser, Chairman and CEO, stated, "The new preferred stock provides us
with a powerful new tool for use in various transactions, including financings
and possible acquisitions. Immediately, we plan to negotiate with the holders of
our Senior Secured, Secured and other debt, now payable in Common Stock, to see
whether they will accept payment of that debt through issuance of a new series
of convertible Preferred Stock. Any Preferred Stock issued for that purpose
would have conversion rights less dilutive to Common Stockholders than issuance
of Common Stock, but would have offsetting benefits to the debt-holders.

                     ---------------------------------------

Milestone Scientific is the developer, manufacturer and marketer of CompuMed(R)
and CompuDent(R) computer controlled local anesthetic delivery systems. These
systems comprise a microprocessor controlled drive unit as well as The Wand(R)
handpiece, a single patient use product that is held in a pen like manner for
injections. In 2001, Milestone Scientific received broad United States patent
protection on "CompuFlo(TM)", an enabling technology for computer controlled,
pressure sensitive infusion, perfusion, suffusion and aspiration, which provides
real time displays of pressures, fluid densities and flow rates, that advances
the delivery and removal of a wide array of fluids. In 2002, Milestone
Scientific received United States patent protection on a safety engineered
sharps technology, which allows for fully automated true single-handed
activation with needle anti-deflection and force-reduction capability.

<PAGE>

This release contains "forward looking statements" based on current expectations
but involving known and unknown risks and uncertainties. Actual results or
achievements may be materially different from those expressed or implied. The
Company's plans and objectives are based on assumptions involving judgments with
respect to future economic, competitive and market conditions, and future
business decisions, all of which are difficult or impossible to predict
accurately and many of which are beyond the control of the Company. Therefore,
there can be no assurance that the forward-looking statements, including, but
not limited to, those relating to the availability of capital pursuant to this
facility, will prove to be accurate.

         Contact: Milestone Scientific Inc.
                  Stuart J. Wildhorn, 973/535-2717
                  Fax: 973/535- 2829
                  www.milesci.com

                                       ###

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>4
<FILENAME>d56340_ex99-2.txt
<DESCRIPTION>PRESS RELEASE, JULY 22, 2003
<TEXT>
                                                                    Exhibit 99.2

                      [LETTERHEAD OF MILESTONE SCIENTIFIC]

                                                     FOR IMMEDIATE RELEASE
CONTACT
Stuart Wildhorn - Senior Vice President
Milestone Scientific Inc.
(973) 535-2717; (973) 535-2829 (Fax)
Web site: www.milesci.com

      MILESTONE SCIENTIFIC RECEIVES NOTICE OF ALLOWANCE FOR AUTOMATED RATE
                               CONTROL TECHNOLOGY

LIVINGSTON, NJ-- (BUSINESS WIRE)--July 22, 2003--Milestone Scientific Inc.
(AMEX: MS - news) today announced that the United States Patent Office has
granted a Notice of Allowance for broad patent protection on automated rate
control technology. This technology is currently used in conjunction with the
CompuDent(R) and CompuMed(R), the computer controlled local anesthetic delivery
systems previously commercialized by Milestone Scientific. Automated rate
control technology has application in a variety of infusion devices, including
CompuFlo(TM), an enabling technology for computer controlled infusion,
perfusion, suffusion and aspiration of fluids.

Invented by Dr. Mark N. Hochman, Director of R&D for Milestone Scientific this
technology provides a feature previously unavailable to medical and dental
practitioners; an automated, predictable controlled rate of emission. Once the
automated system is engaged, the fluid is delivered at a precise rate, enabling
the practitioner to focus on the patient, not the delivery device. This results
in greater accuracy of drug delivery as well as overall improved ergonomic
functionality.

"This innovative technology provides yet another advance in our core focus on
subcutaneous injection technologies, commented Stuart Wildhorn, Milestone's
Senior Vice President. I can envision incorporating this technology into other
products for drug delivery, which will provide practitioners with flexibility
unavailable in today's product. When our safety engineered sharps device is
commercialized, we will be able to demonstrate a complete solution to drug
delivery."

                        --------------------------------

Milestone Scientific is the developer, manufacturer and marketer of CompuMed(R)
and CompuDent(R) computer controlled local anesthetic delivery systems. These
systems comprise a microprocessor controlled drive unit as well as The Wand(R)
handpiece, a single patient use product that is held in a pen like manner for
injections. In 2001, Milestone Scientific received broad United States patent
protection on "CompuFlo(TM)", an enabling technology for computer controlled,
pressure sensitive infusion, perfusion, suffusion and aspiration, which provides
real time displays of pressures, fluid densities and flow rates, that advances
the delivery and removal of a wide array of fluids. In 2002, Milestone
Scientific received United States patent protection on a safety engineered
sharps technology, which allows for fully automated true single-handed
activation with needle anti-deflection and force-reduction capability.

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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