Union Dental Enters Into an Engagement With vFinance to Act as Agent in Capital Raise
February 12 2008 - 6:15AM
Marketwired
CORAL SPRINGS, FL -- 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 entered
into an engagement with vFinance Investments, Inc. of Boca Raton,
Florida, to act as exclusive agent on their behalf in raising
capital required for the expansion of its Coral Springs facility,
acquire a facility and practice in Charlotte, North Carolina,
reduce certain debts and refinance the balance of its current
debt.
Dr. George D. Green, President and CEO, stated: "We are
extremely excited about this engagement because it places us in a
position to go forward with our business plan and take us to the
next phase of our business which is to become a Total Service
Provider (TSP) for the CWA, AFA-CWA, IBEW and UA Plumbers and Pipe
Fitters unions where we have exclusive contracts."
CWA represents the union employees of the telecoms while AFA-CWA
represents the flight attendants of such airlines as United, US
Airways, Northwest, Aloha, Air Wisconsin, Air Tran, America West,
American Eagle, Atlantic Southeast, ATA, Piedmont, Miami Air,
Alaska, PSA, Mesa, Mesaba, Midwest, Spirit, Horizon &
Hawaiian.
The benefit to Union Dental from representing more than one
labor organization in a given area is also beneficial to the unions
with which UDHI has contracts. Where a particular organization may
have scarce membership numbers in certain (usually rural) areas of
the US, these numbers can be bolstered by Union Dental representing
more than one labor organization and combining the membership
numbers into a level that becomes financially viable for a dental
offices' participation on a provider level with UDHI.
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.
About vFinance
vFinance Investments, Inc. has been assisting entrepreneurs for
over five years. The investment banking division provides emerging,
small and middle market companies with global capital raising
services. Their senior executives have extensive entrepreneurial
experience and a deeply ingrained philosophy of practicality,
innovation and common sense. They combine personalized attention
with Wall Street know-how and the clout of a major financial
services firm. Their team specializes in the private placement of
debt and equity, management consulting, and can represent your firm
in mergers, acquisitions or divestitures.
vFinance further assists their private company clientele by
leveraging the vast resources of their web technology. The global
website audience of CEOs and wealthy investors, producing a stream
of qualified investors, potential M&A candidates and strategic
business partners.
"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 President Email Contact
WEBSITE: www.uniondental.com/ir Jonathan C. Rich Executive Vice
President - Investment Banking Email Contact (212) 380-2819
WEBSITE: www.vfinance.com
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