SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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) March 13, 1997
MILESTONE SCIENTIFIC INC.
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(Exact name of Registrant as specified in its charter)
Delaware 0-26284 13-3545623
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.
44 Kean Road, Short Hills, New Jersey 07078
(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code (201) 379-3171
U.S. Opportunity Search, Inc.
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(Former name or former address, if changed since last report)
<PAGE>
Item 5. Other Events.
On March 13, 1997, the Registrant issued a press release, in the form
annexed hereto as Exhibit A.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits:
Exhibit A: Press Release of the Registrant, dated March 14, 1997.
SIGNATURES
Pursuant to the requirements of 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,
President, Chief Executive Officer and
Chief Financial and Accounting Officer
Dated: March 14, 1997
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EXHIBIT A
FOR IMMEDIATE RELEASE Contact: S.B. Elliott
tel: (212) 290-1515
MILESTONE SCIENTIFIC COMPLETES
PRIVATE PLACEMENT
Short Hills, N.J. March 14 - Milestone Scientific Inc. (NASDAQ :
"Wand") today announced that yesterday, after the close of business, it
consummated a private placement of unregistered securities through a Placement
Agent. Milestone received gross proceeds of $4,022,500 for 852,262 Units, each
consisting of one share of Common Stock and one Common Stock Purchase Warrant
exercisable at $4.72 per share. Under the terms of the offering, Milestone is
required to file a registration statement for the securities by April 30, 1997.
The private placement was over subscribed and Milestone accepted subscriptions
for somewhat more than the maximum number of Units offered. The Placement Agent
received customary cash fees and a warrant to purchase 85,226 Units at $4.72 per
Unit.
