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Dr. George D. Green, President and CEO stated: "With the consolidation of the telecoms, dental benefits become a very big issue with all union members. UDHI is going to now provide all discounted dental services including Orthodontics, Endodontics, Periodontics, Implants, Pedodontics, Cosmetic Dentistry and Oral Surgery in one location in Coral Springs."
Dr. Green further stated: "This will save time and money for all members because they will no longer have to be referred to specialists in other offices. We will have 'one stop shopping' so members won't have to take more time off from work for their dental needs."
Most recently Union Dental reported 3rd quarter profits of $197,231 with revenues of $519,200 as compared to a profit of $38,988 with revenues of $566,497 for the same period 2007. For the nine months ended September 30, 2008, the Company generated profits of $24,744 as compared to a loss of $809,001 for the same period in 2007.
About Union Dental Holdings, Inc., Direct Dental Services, Inc. and Union Dental Corp.
Direct Dental Services and Union Dental Corp. are wholly owned subsidiaries. Direct Dental Services provides dentists with "areas of exclusivity" to participate with various unions including the Communications Workers of America (CWA) and the International Brotherhood of Electrical Workers (IBEW), United Association of Plumbers and Pipe Fitters (UA) and The Association of Flight Attendants - Communications Workers of America (AFA-CWA). Direct Dental Services receives annual management fees from the dentists in exchange for practicing in these "areas of exclusivity" where CWA and IBEW members use the dentists' services. Union Dental manages a dental practice in Coral Springs, Florida.
WEBSITE: www.uniondental.com/ir
"Safe-Harbor" Statement: Under the Private Securities Litigation Reform Act of 1995. This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
CONTACT INFORMATION: Dr. George D. Green President Email Contact
SOURCE: Union Dental Holdings, Inc.
http://www2.marketwire.com/mw/emailprcntct?id=273778BEC7392398
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