Union Dental Engages Investment Banking Firm
June 07 2011 - 7:25AM
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 has engaged J&C Global Securities
LLC as its Investment Banking firm to look for opportunities to
enhance shareholder value.
Dr. George D. Green, President and CEO, stated: "Union
Dental has been growing beyond our expectations, and we believe
that now is the right time to explore opportunities that will best
serve the interest of all of our shareholders. We are
extremely pleased to announce that we have partnered with a young,
aggressive Investment Banking firm to guide us through some of our
future plans. With J&C Global Securities LLC now assisting
us in defining and executing on our strategic plans to maximize the
Company's potential value, we can concentrate on our patients'
dental needs."
Jervis B. Hough, CEO of J&C Global Securities, LLC, is
quoted as saying: "J&C Global Securities, LLC is pleased to be
able to assist Union Dental navigate through this difficult
economic climate. We have been impressed with management's
continued focus on core competencies. Given the size of their
market and the long standing union relationships, we feel there is
potential for high growth. We look forward to working with
Union Dental to further capitalize on their unique dental services
business model."
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
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: Jervis B. Hough
CEO of J&C Global Securities, LLC
jhough@jcglobalsecurities.com
Dr. George D. Green, President
info@uniondentalcorp.com
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