TMCnet News
Union Dental Anticipates 1st Quarter 2008 Revenues to Increase 10%(Market Wire Via Thomson Dialog NewsEdge) CORAL SPRINGS, FL, April 22 / MARKET WIRE/ -- Union Dental Holdings, Inc. (OTCBB: 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 revenues for the quarter ending 3/31/2008 of approximately $695,000 which is an increase of 10 % over the same time period in 2007. Dr. George D. Green, President and CEO stated: "Although the accounting for the quarter ending 3/31/2008 has just begun, the preliminary results indicate a growth over the same time period last year." AFA-CWA represents the employees of 20 major airlines such as United, US Airways, Northwest, America West, Alaska Airlines, PSA, Mesa, Air Wisconsin, Spirit, Air Tran, AWA, American Eagle, Midwest Airlines, Miami Air, Piedmont, Horizon & Hawaiian. Dr. Green further stated: "Union Dental recently announced that we would expand our Coral Springs office to become a TSP (Total Service Provider) to accommodate all aspects of dentistry for the union members along with the private practice patients." 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/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 PresidentEmail Contact Copyright ? 2008 Market Wire, Incorporated |