George Green CEO of Union Dental Signs Agreement to Purchase All Dutchess Shares in UDHI
June 10 2014 - 6:30AM
Marketwired
George Green CEO of Union Dental Signs Agreement to Purchase All
Dutchess Shares in UDHI
CORAL SPRINGS,
FL--(Marketwired - June 10, 2014) - 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 that Dr. George D. Green has
entered into an agreement to purchase all of Dutchess Private
Equities Ltd. shares of stock held in UDHI. This will also
include all of the underlying shares of stock from the warrant
issued to Dutchess which is a part of their equity holdings through
a financing many years ago in UDHI.
This will take place in three phases over the next couple of
months or as soon as the appropriate documents can be prepared,
shares issued and documents reviewed by counsel and signed.
Dr George Green, President and CEO stated: "Ever since UDHI
entered into a PIPE (Private Investment in a Public Entity)
agreement in 2005 the Dutchess financing which help to build our
expansion there has always been an overhang of shares in the
marketplace keeping the stock from moving upwards and remained at a
low price. Now that obstacle has been removed. I am
pleased to announce to shareholders that hangover has been
eliminated. As shareholders have witnessed over the past 10
years by my Form 4 filings I have never sold any of my holdings in
the company and intend to keep that policy in place."
About Union Dental Holdings, Inc.
Union Dental Holdings manages a 22 operatory full service dental
practice in Coral Springs, Florida. It is the exclusive supplier of
Drinkable Air's patented ozone atmospheric water generators for the
US dental industry and is a leading innovator for bringing bacteria
free water into the dental operatory settings. Union Dental
operates two wholly owned subsidiaries, Direct Dental Services and
Union Dental Corp. 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.
WEBSITE: www.uniondentalcorp.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.
GreenCEOinfo@uniondentalcorp.com
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