Union Dental Signs Agreement With CWA Spartanburg to Build Dental Network
20 September 2005 - 11:44PM
Business Wire
Union Dental Holdings, Inc. (OTCBB:UDHI), the leading provider of
network-based dental services for union members, announced today
that it has signed an agreement with the Communications Workers of
America (CWA) Local 3716 in Spartanburg, SC, to build a dental
network for its members. The agreement followed CEO George Green's
presentation at the Communication Workers of America quarterly
regional meeting for the South Carolina presidential council on
August 17 in Columbia, SC, where he was the featured speaker. Union
presidents from the entire state were in attendance. George D.
Green, president and CEO of Union Dental said, "The presidents
resoundingly agreed that our program was good for their membership.
We are working with the CWA union in Spartanburg to build a dental
network that best meets the needs of its members and extends their
benefits." About Union Dental Union Dental provides a unique way
for unions to provide dental care to its members. The company is
currently serving the Communications Workers of America (CWA) and
International Brotherhood of Electrical Workers (IBEW). Union
Dental receives annual management fees from dentists who agree to
practice in areas of exclusivity where CWA and IBEW members use the
dentists' services. CWA and IBEW local unions agree to provide a
dental network using the members' existing insurance policies.
Dentists in the dental network provide services for union members
as well as existing patients. 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. Union
Dental also owns and operates a 17-year-old profitable dental
practice. For more information, visit http://www.uniondental.com.
An investment profile about Union Dental Holdings, Inc. may be
found at http://www.americanmicrocaps.com/udhi/profile.pdf. An
online investor relations kit containing Union Dental press
releases, SEC filings, current Level II price quotes, interactive
Java stock charts and other useful information for investors can be
found at http://www.hawkassociates.com and
http://www.americanmicrocaps.com. Investors may contact Frank
Hawkins or Julie Marshall, Hawk Associates, at (305) 451-1888,
e-mail: info@hawkassociates.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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