Message #7 From:
NewsBot Date: December 28, 2007 08:36:54 AM
Union Dental to Acquire Building in Charlotte, NC
Union Dental Holdings, Inc. (OTCBB: UDHI) -- http://www.uniondentalcorp.com/ir -- announced today it has
entered into negotiations to acquire a building in Charlotte, NC in its
expansion program to serve union members. The acquisition will house the
dental practice UDHI announced its intent to acquire (November 19, 2007).
The building will be used for General Dentistry, Endodontics, Periodontics,
Orthodontics, Oral & Maxillofacial Surgery, TMJ, Prosthodontics and
Pedodontics.
Dr. Green, President and CEO of Union Dental, commented: "We intend to
provide all aspects of dentistry in one location. We are going to use this
approach as the 'cookie cutter' mold for future acquisitions. We want to
make sure we are able to take care of all the dental needs of the union
members in one location."
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) who represent United, US Airways, Northwest,
America West, Alaska Airlines, PSA, Mesa, Air Wisconsin, Aloha, ATA,
Spirit, Air Tran, AWA, American Eagle, Midwest Airlines, Miami Air,
Piedmont, Horizon & Hawaiian. 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.
"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
