Union Dental to Build Dental Networks for Four North Carolina CWA Chapters
November 17 2005 - 8:00AM
Business Wire
Union Dental Holdings, Inc. (OTC Bulletin Board: UDHI), the leading
provider of network-based dental services for union members,
announced today that it has started building dental networks by
signing Management Services Agreements with dentists in Durham,
Henderson, Kannapolis and Matthews, N.C. These agreements are for
dentists to accommodate the dental needs for Communications Workers
of America (CWA) members who belong to Local CWA chapters in
Raleigh and Charlotte. George D. Green, president and CEO of Union
Dental, said, "We are aiming to add 12 dentists in this region. We
continue to market to this area and will expand the dental network
by adding more dentists as we sign on additional CWA chapters."
Each union member has $1,500 worth of dental coverage and that
coverage will be provided by member services of the UDHI dental
network. Nationwide, CWA has more than 750,000 members and
approximately 3.2 million insured. There are approximately 12,000
insured in North Carolina. 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.hawkassociates.com/uniondental/profile.htm. 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.
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