Union Dental to be Profitable for 4th Quarter and Year Ending 2010
March 01 2011 - 7:31AM
Union Dental Holdings, Inc. (Pink Sheets:UDHI) -
http://www.uniondental.com/ir - a Company that operates and manages
a network of dentists throughout the United States for union
members announced today it anticipates being profitable for both
the 4th Quarter and the year ending 12/31/2010 with revenues in
excess of $1,000,000 for the quarter and in excess of $3,800,000
for the year ending 12/31/2010.
Dr. George D. Green, President & CEO commented: "Although
the financial process is not completed we are pleased to report
that we will be profitable for both the quarter and the year ended
12/31/10. It has taken a lot of hard work by all of our staff
members to stay in profitability. It is even more gratifying
that we have done this during the most downward economic spiral
since the great depression."
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), the National Association of Public
and Private Employees (NFOPAPE), 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
The Union Dental Holdings Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=8310
"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: Dr. George D. Green, President
info@uniondentalcorp.com
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