Union Dental Signs Agreement With CWA West Columbia to Build Dental Network; Company Featured in October Issue of Managed Dental
October 11 2005 - 8:40AM
Business Wire
Union Dental Holdings, Inc. (OTCBB:UDHI), the leading provider of
network-based dental services for union members, announced today
that it has signed an agreement with the Communications Workers of
America (CWA) Local 3708 in Florence, SC, to build a dental network
for its members. George D. Green, president and CEO of Union
Dental, said, "This is the fourth agreement we have signed with
South Carolina CWA chapters in recent weeks. CWA in Florence has
about 500 insured, and although it will be one of our smaller
networks, it is another excellent building stone for our company
and gets us into a new market." Member benefits will provide dental
services worth $1,500 annually per insured. There are about 8,500
insured CWA members in South Carolina. Nationwide, CWA has more
than 750,000 members and approximately 3.2 million insured. The
agreement with Local 3708 was signed following Green's presentation
at the Communication Workers of America quarterly regional meeting
for the South Carolina presidential council on Aug. 17 in Columbia,
SC, where he was the keynote speaker. CWA union presidents from the
entire state were in attendance. Union Dental was also recently
featured in Managed Dental Care's October issue in an article,
"Union Dental Ready for National Contracts." The article, which
describes several recent milestones that have positioned the
company for serious growth, can be viewed at
http://www.hawkassociates.com/uniondental/company.htm. About Union
Dental Union Dental provides a unique way for unions to provide
dental care to its members. The company is currently serving the
Communications Workers of America (CWA) and International
Brotherhood of Electrical Workers (IBEW). Union Dental receives
annual management fees from dentists who agree to practice in areas
of exclusivity where CWA and IBEW members use the dentists'
services. CWA and IBEW local unions agree to provide a dental
network using the members' existing insurance policies. Dentists in
the dental network provide services for union members as well as
existing patients. The network of dentists accepts payment from
union insurance plans for services rendered as payment-in-full with
certain procedures requiring a small out-of-pocket co-payment from
the union member patient. Union Dental also owns and operates a
17-year-old profitable dental practice. For more information, visit
http://www.uniondental.com. An investment profile about Union
Dental Holdings, Inc. may be found at
http://www.americanmicrocaps.com/udhi/profile.pdf. An online
investor relations kit containing Union Dental press releases, SEC
filings, current Level II price quotes, interactive Java stock
charts and other useful information for investors can be found at
http://www.hawkassociates.com and http://www.americanmicrocaps.com.
Investors may contact Frank Hawkins or Julie Marshall, Hawk
Associates, at (305) 451-1888, e-mail: info@hawkassociates.com.
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.
Xcelerate (QB) (USOTC:XCRT)
Historical Stock Chart
From Jul 2024 to Aug 2024
Xcelerate (QB) (USOTC:XCRT)
Historical Stock Chart
From Aug 2023 to Aug 2024