Union Dental Holdings Restructuring with New Board and Interim Director
17 July 2020 - 12:08AM
InvestorsHub NewsWire
Union Dental
Holdings Restructuring with New Board and Interim
Director
Mauldin, SC
-- July 16, 2020 -- InvestorsHub NewsWire -- Union Dental Holdings,
Inc. (OTC PK: UDHI) –
The Company
announces that, with effect
from 01 May
2020, Michael F. O'Shea has been
appointed interim President and sole Director of the Company. In
recent months there appears to have been a series of
unauthorized transactions relating to the
status and control of the Company and O'Shea has been appointed to
clarify and resolve these issues, take the necessary steps to
restructure the Company and, in conjunction with financial and
legal advisors, constitute a new Board and identify potential
business combinations.
Michael
O'Shea is
currently Director of Forensic Research Group, Inc., an
internationally recognized forensic accounting, investigative and
financial consulting firm co-founded by him in 1999. He has been
admitted in numerous Federal and State jurisdictions as a forensic
accountant and has regularly been charged with acting as a Court
Appointed Receiver in business matters.
"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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