Union Dental Reports 1st Quarter Revenues for 2013
May 15 2013 - 11:21AM
Marketwired
CORAL SPRINGS, FL--(Marketwired -
May 15, 2013) - Union Dental
Holdings, Inc. (PINKSHEETS: UDHI)
(http://ir.stockpr.com/uniondental) a Company that operates
and manages a network of dentists throughout the United States for
union members announced the financial results for the quarter
ending March 31, 2013. In the Consolidated Statement of
earnings the Company reported income from operations of $113,745 on
revenues of $1,065,813 as compared to income from operations of
$133,600 on revenues of $1,124,992 during the same period in
2012.
Dr. George Green, President and CEO, stated: "While the economy
appears to still be lagging we are extremely pleased that our
income and revenue have only decreased a small
amount. Creating this income while building out our expansion
facility at the same time was a very tedious, well planned and
effectively orchestrated by all of our staff. I look forward,
with guarded optimism, to a bright and more prosperous future."
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: http://ir.stockpr.com/uniondental
"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.
GreenPresidentinfo@uniondentalcorp.com
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