Union Dental Holdings, Inc. (OTCBB:UDHI) -- a provider of multi-state dental services for union members, is pleased to announce that following a presentation by Dr. George D. Green, UDHI's President and CEO, the UA Local 295 has voted to utilize the services of UDHI to build a network of dental providers to be used by its members. The exclusive agreement will call for Union Dental to build and maintain a Dental Network for use by the United Association (UA) members. As a part of the exclusive nature of the agreement, Union Dental will be the only Dental Network the UA will endorse for use by its members. The UA represents approximately 300,000 members across North America working in the plumbing, pipefitting and trades industries. The UA has members in both the United States and Canada and stands out among the American unions in the AFL-CIO. William P. Hite, President of UA in the USA and Canada stated, "United Association is very proud of our membership and our work. Our motto, 'We Do It Right the First Time,' shows our integrity and determination to not only do our best, but with expertise." Mr. Hite continued to say, "We strive to improve our members' skills and excellence through our robust training programs." Dr. George D. Green, President and C.E.O. of Union Dental Holdings commented: "UA Local 295 is a self insured union local and as such is more discerning about whom they pick to supply their dental network. I will be making a presentation at their next state President's meeting to propose a state wide agreement for UA. Their selection of UDC sends a message to all other UA locals nationwide. We are pleased to enter this relationship with Local 295 which will provide essential services to their membership and a strong economic backbone for our company for years to come." Dr. Green continued to say, "The agreement with the United Association of Plumbers and Pipefitters will bring Union Dental a step closer to establishing our ultimate goal, where we intend to build a nation-wide network of dentists to service the dental needs of union members." Dr. George D. Green Goes "Beyond the Press Release" Please join Dr. Green as he goes "Beyond the Press Release" to provide shareholders with an audio address that further discusses and explains the strategic importance of the agreement with the United Association of Plumbers and Pipefitters (UA Local 295). The address will be available on the Union Dental Investor Relations Hub on or before February 22, 2006. This press release is available on the company's official online Investor Relations HUB for all investor questions, answers and discussion within a monitored environment. Alternatively, investors are able to e-mail all questions and correspondence to where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time. About UA Local 295 Local Union 295 located in Daytona Beach, Florida has jurisdiction covering all of Flagler, Volusia and Brevard counties, including Cape Canaveral Air Force Station, Patrick Air Force Base, Kennedy Space Flight Center and the Malabar Radar Site. Local 295 boasts having been instrumental in getting our space program "off the ground" in that they have helped build many of the launch pads in use at the Kennedy Space Flight Center since its inception. About Union Dental Holdings, Inc., Direct Dental Services, Inc. and Union Dental Corp. Direct Dental Services and Union Dental Corp. are wholly owned subsidiaries and provide dentists with "areas of exclusivity" to participate with various unions including the Communications Workers of America ("CWA") and International Brotherhood of Electrical Workers (IBEW) Dental Networks. Union Dental Corp. 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. DDS/UDC has contracts with CWA & IBEW Local Unions to provide a dental network utilizing the members' existing insurance policy. The dentists in the Dental Network provide services in the areas for union members, as well as existing patients in exchange for an annual management fee. 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. In addition, Union Dental Corp. acquired the assets of an existing dental practice (excluding the patient list) and successfully integrated those assets into its existing practice which has been servicing patients for 17 years in Coral Springs, Florida. UDC and DDS are wholly owned subsidiaries of Union Dental Holdings, Inc. Website: http://www.uniondental.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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