Union Dental Holdings to Be Featured at CWA - North California / Nevada Council Regional Meeting
01 March 2006 - 12:00AM
Business Wire
Union Dental Holdings, Inc. (OTCBB: UDHI), a provider of
multi-state dental services for union members, announced today that
Dr. George D. Green, President and CEO of UDHI, will be the
featured speaker at the Communication Workers of America District 9
President's meeting for the North California / Nevada Council on
March 1st in Sacramento, CA. All presidents from Northern
California and Nevada will be in attendance including the areas of
Sacramento, San Francisco, Oakland, San Jose, as well as other
smaller neighboring cities. Dr. Green will declare to the assembly
that the update of UDHI's network of dentists for California is now
complete, having over 800 dentists and specialists in District 9 to
service the needs of CWA members. The union membership has availed
itself to this dental network as evidenced by the number of monthly
hits on the UDHI website. This is attributable to California CWA
members looking for dental services and providers. UDHI has more
than doubled the number of dental providers in the network during
the last quarter of 2005. Dr. Green will also announce to the local
presidents the facilitation and circulation of the new marketing
material which will be distributed through the District 9 office in
Sacramento. Distribution of the marketing materials occurs through
printed brochures mailed to union members and placed in the
worksites in poster boards provided by UDHI. Additionally,
marketing materials are disseminated through UDHI's internet site
at www.uniondental.com. Furthermore, within the new brochure to be
distributed by District 9, Dr. Green will also announce there will
be over $40.0 million worth of additional benefits for CWA members
in the form of discounted coupons provided by participating dentist
in the District 9 network. Dr. Green stated, "While union benefits
are being slashed by consolidation in the telecom industry, UDHI is
able to increase benefits to members at no cost to the employer,
union or union member." Dr. Green continued to say, "This creates a
great solidarity between members, union officials and UDHI." Dr.
Green has recently spoken to all of the Presidents in the Southern
California and Central Valley Council who all resoundingly agreed
the UDHI agenda was a good program for their membership and
strengthened solidarity amongst its members. This press release is
available on the company's official online Investor Relations HUB
at http://www.agoracom.com/IR/UnionDental for all investor
questions, answers and discussion within a monitored environment.
Alternatively, investors are able to e-mail all questions and
correspondence to UDHI@agoracom.com where they can also request
addition to the investor e-mail list to receive all future press
releases and updates in real time. About Union Dental Holdings,
Inc., Direct Dental Services, Inc. and Union Dental Corp. Direct
Dental Services and Union Dental Corp. are wholly-owned
subsidiaries and provide dentists with "areas of exclusivity" to
participate with various unions including the Communications
Workers of America ("CWA") and International Brotherhood of
Electrical Workers (IBEW) Dental Networks. Union Dental Corp.
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. DDS/UDC has contracts with CWA
& IBEW Local Unions to provide a dental network utilizing the
members existing insurance policy. The dentists in the Dental
Network provide services in the areas for union members, as well as
existing patients in exchange for an annual management fee. 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. In addition, Union Dental Corp. acquired the assets of an
existing dental practice (excluding the patient list) and
successfully integrated those assets into its existing practice
which has been servicing patients for17 years in Coral Springs,
Florida. UDC and DDS are wholly owned subsidiaries of Union Dental
Holdings, Inc. Website: www.uniondental.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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