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Union Dental Selected to Provide Dental Network for United Association of Plumbers and Pipefitters; Union Dental Takes a Significant Step to Secure a Multi-Union Nationwide Contract 2/13/06
CORAL SPRINGS, Fla., Feb 13, 2006 (BUSINESS WIRE) -- Union Dental Holdings, Inc. (OTCBB:UDHI) -- a provider of multi-state dental services for union members, is pleased to announce that following a presentation by Dr. George D. Green, UDHI's President and CEO, the UA Local 295 has voted to utilize the services of UDHI to build a network of dental providers to be used by its members. The exclusive agreement will call for Union Dental to build and maintain a Dental Network for use by the United Association (UA) members. As a part of the exclusive nature of the agreement, Union Dental will be the only Dental Network the UA will endorse for use by its members.
The UA represents approximately 300,000 members across North America working in the plumbing, pipefitting and trades industries. The UA has members in both the United States and Canada and stands out among the American unions in the AFL-CIO.
William P. Hite, President of UA in the USA and Canada stated, "United Association is very proud of our membership and our work. Our motto, 'We Do It Right the First Time,' shows our integrity and determination to not only do our best, but with expertise." Mr. Hite continued to say, "We strive to improve our members' skills and excellence through our robust training programs."
Dr. George D. Green, President and C.E.O. of Union Dental Holdings commented: "UA Local 295 is a self insured union local and as such is more discerning about whom they pick to supply their dental network. I will be making a presentation at their next state President's meeting to propose a state wide agreement for UA. Their selection of UDC sends a message to all other UA locals nationwide. We are pleased to enter this relationship with Local 295 which will provide essential services to their membership and a strong economic backbone for our company for years to come." Dr. Green continued to say, "The agreement with the United Association of Plumbers and Pipefitters will bring Union Dental a step closer to establishing our ultimate goal, where we intend to build a nation-wide network of dentists to service the dental needs of union members."
Dr. George D. Green Goes "Beyond the Press Release"
Please join Dr. Green as he goes "Beyond the Press Release" to provide shareholders with an audio address that further discusses and explains the strategic importance of the agreement with the United Association of Plumbers and Pipefitters (UA Local 295). The address will be available on the Union Dental Investor Relations Hub on or before February 22, 2006.
This press release is available on the company's official online Investor Relations HUB for all investor questions, answers and discussion within a monitored environment. Alternatively, investors are able to e-mail all questions and correspondence to where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.
About UA Local 295
Local Union 295 located in Daytona Beach, Florida has jurisdiction covering all of Flagler, Volusia and Brevard counties, including Cape Canaveral Air Force Station, Patrick Air Force Base, Kennedy Space Flight Center and the Malabar Radar Site.
Local 295 boasts having been instrumental in getting our space program "off the ground" in that they have helped build many of the launch pads in use at the Kennedy Space Flight Center since its inception.
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 for 17 years in Coral Springs, Florida. UDC and DDS are wholly owned subsidiaries of Union Dental Holdings, Inc.
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Revenues for the three months ended September 30, 2005 as compared to September 30, 2004 were $499,035 as compared to $397,803, an increase of approximately 25%. Revenues for the nine months ended September 30, 2005 were $1,623,596 as compared to $1,489,664 for the nine months ended September 30, 2004, an increase of approximately 9%. The increase in revenues, especially during the third quarter of 2005 is attributable to two factors: Increased revenues as a result of the acquisition and integration of the assets of Dental Visions into UDC and management's ability to focus on expanding business operations.
Operating Expenses
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Breaking News Alert! February 14, 2006 2/14/06
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.
WESTON, FL, Feb 14, 2006 (MARKET WIRE via COMTEX) -- Wall Street News Alert's "stocks to watch" this morning are: Union Dental Holdings, Inc. (OTC BB: UDHI), Pfizer Inc (NYSE: PFE), Bristol-Myers Squibb Company (NYSE: BMY), and Procter & Gamble (NYSE: PG).
One more stock that should excite investors as the markets begin trading this morning is Union Dental Holdings, Inc. (OTC BB: UDHI). Yesterday after the stock markets closed, the company, a provider of multi-state dental services for union members, issued a press release announcing that the UA Local 295 has voted to utilize the services of UDHI to build a network of dental providers to be used by its members. The exclusive agreement will call for Union Dental to build and maintain a Dental Network for use by the United Association (UA) members. As a part of the exclusive nature of the agreement, Union Dental will be the only Dental Network the UA will endorse for use by its members.
This is big news that should excite investors! The UA represents approximately 300,000 members across North America working in the plumbing, pipefitting and trades industries. The UA has members in both the United States and Canada and stands out among the American unions in the AFL-CIO.
Wall Street News Alert is putting aggressive investors on high alert to continue watching this company! Dr. George D. Green, President and C.E.O. of Union Dental Holdings commented: "UA Local 295 is a self insured union local and as such is more discerning about whom they pick to supply their dental network. I will be making a presentation at their next state President's meeting to propose a statewide agreement for UA. Their selection of UDC sends a message to all other UA locals nationwide. We are pleased to enter this relationship with Local 295 which will provide essential services to their membership and a strong economic backbone for our company for years to come." Dr. Green continued to say, "The agreement with the United Association of Plumbers and Pipefitters will bring Union Dental a step closer to establishing our ultimate goal, where we intend to build a nation-wide network of dentists to service the dental needs of union members."
This is not the first time that Wall Street News Alert has brought our readers up to date on the massive progress that Union Dental is making in acquiring new contracts and expanding at an aggressive rate!
Prior to yesterday's press release, the stock closed yesterday at Nine cents a share.
To view all of Wall Street News Alert's special early morning trading alerts for this morning, visit www.***********************, where you may also sign up to receive free email alerts in advance of our press releases being issued.
In case you are not familiar with the companies: 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.
Stocks showing interesting activity yesterday at the close of the regular trading day were: Pfizer Inc (NYSE: PFE) down 0.3% on 24.9 million shares traded, Bristol-Myers Squibb Company (NYSE: BMY) up 2.2% on 9.5 million shares traded, and Procter & Gamble (NYSE: PG) down 0.4% on 5.1 million shares traded.
Commentary:
"The nation's retail sales report comes out today, industrial production this Wednesday, and PPI on Friday. Thursday will see the latest on new home construction," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.***********************.
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