Union Dental Reports Record Profits for 9 Months
November 15 2012 - 7:46AM
Marketwired
Union Dental Holdings, Inc. (PINKSHEETS:
UDHI) http://www.uniondental.com/ir, a Company that operates and
manages a network of dentists throughout the United States for
union members, announced the financial results for the nine months
ending September 30, 2012. In the Consolidated Statement of
Earnings the Company reported income from operations of $371,034 on
revenues of $3,469,817 as compared to income of $155,768 on
revenues of $3,053,972 for the same period in 2011.
Dr. George Green, President and CEO, stated: "We are very
pleased with our continued income and revenue growth and are happy
to report that we are still ahead of last year's record setting
pace. We hope to stay this course for the remainder of the
year."
About Union Dental Holdings, Inc.
Union Dental Holdings manages a 22 operatory full service dental
practice in Coral Springs, Florida. It is the exclusive supplier of
Drinkable Air's patented ozone atmospheric water generators for the
US dental industry and is a leading innovator for bringing bacteria
free water into the dental operatory settings. Union Dental
operates two wholly owned subsidiaries, Direct Dental Services and
Union Dental Corp. 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.
WEBSITE: www.uniondentalcorp.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 CEO Email
Contact
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