Union Dental Anticipates 2009 Revenues to Increase
March 18 2010 - 6:30AM
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 today it anticipates revenues for the year
ending 12/31/2009 of approximately $3,000,000 or a sixteen percent
increase over the same time period in 2008.
Dr. George D. Green, President and CEO, stated: "Although the
accounting for the year ending 12/31/2009 is still in the process,
the preliminary results indicate a growth over the same time period
last year. We are extremely pleased that during a worldwide
economic downturn we again have grown our business."
Dr. Green further stated: "Union Dental's expansion in fiscal
2009 of its new facility in Coral Springs has been very
successful."
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, President - Email
Contact
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