Union Dental Anticipates Year End 2007 Revenues to Increase 13%
29 January 2008 - 11:15PM
Marketwired
CORAL SPRINGS, FL -- 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 12/31/2007 of approximately $2.5
million or a thirteen percent increase over the same time period in
2006.
Dr. George D. Green, President and CEO, stated, "Although the
audit for the year ending 12/31/2007 has just begun, the
preliminary results indicate a growth over the same time period
last year."
Dr. Green further stated, "Union Dental's most recent
announcement regarding purchasing a building and acquiring a dental
office in Charlotte, NC for the benefit of union members in that
area will be a contributing factor in next year's revenue growth
when the acquisition is completed. UDHI is still in the due
diligence phase of this potential acquisition. Union Dental has an
exclusive contract with two telecom unions in the Charlotte area
and also with The Association of Flight Attendants of which
Charlotte is the hub for US Air."
AFA represents the flight attendants of such airlines as United,
US Airways, Northwest, Aloha, Air Wisconsin, Air Tran, America
West, American Eagle, Atlantic Southeast, ATA, Piedmont, Miami Air,
Alaska, PSA, Mesa, Mesaba, Midwest, Spirit, Horizon &
Hawaiian.
The benefit to Union Dental from representing more than one
labor organization in a given area is also beneficial to the unions
with which UDHI has contracts. Where a particular organization may
have scarce membership numbers in certain (usually rural) areas of
the US, these numbers can be bolstered by Union Dental representing
more than one labor organization and combining the membership
numbers into a level that becomes financially viable for a dental
offices' participation on a provider level with UDHI.
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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