Union Dental Anticipates 4th Quarter and Year End 2010 Revenues to Increase
15 February 2011 - 11:27PM
Union Dental Holdings, Inc. (Pink Sheets:UDHI) -
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
fourth quarter ending 12/31/2010 of approximately $950,000 or a
fifty-four percent increase over the same time period in 2009 and
revenues of approximately $3,500,000 for the year ending 12/31/2010
or a two percent increase over the same period in 2009.
Dr. George D. Green, President and CEO, stated: "Although
the accounting for the quarter ending 12/31/2010 is still in the
process, the preliminary results indicate a growth over the same
time period last year. We are extremely pleased that during a
worldwide economic downturn we again have grown our business."
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), National Association of
Public and Private Employees (NFOPAPE), 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.
The Union Dental Holdings Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=8310
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: Dr. George D. Green, President
info@uniondentalcorp.com
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