Union Dental Reports Record Profits for 9 Months
CORAL SPRINGS, FL, Nov 15, 2012 (Menafn - MARKETWIRE via COMTEX) --Union Dental Holdings, Inc. (pinksheets:UDHI)http://www.uniondental.com/ir, a Company that operates and manages anetwork of dentists throughout the United States for union members,announced the financial results for the nine months ending September30, 2012. In the Consolidated Statement of Earnings the Companyreported income from operations of 371,034 on revenues of 3,469,817as compared to income of 155,768 on revenues of 3,053,972 for thesame period in 2011.
Dr. George Green, President and CEO, stated: "We are very pleasedwith our continued income and revenue growth and are happy to reportthat we are still ahead of last year's record setting pace. We hopeto stay this course for the remainder of the year."
About Union Dental Holdings, Inc.
Union Dental Holdings manages a 22 operatory full service dentalpractice in Coral Springs, Florida. It is the exclusive supplier ofDrinkable Air's patented ozone atmospheric water generators for theUS dental industry and is a leading innovator for bringing bacteriafree water into the dental operatory settings. Union Dental operatestwo wholly owned subsidiaries, Direct Dental Services and UnionDental Corp. Direct Dental Services provides dentists with "areas ofexclusivity" to participate with various unions including theCommunications Workers of America (CWA) and the InternationalBrotherhood of Electrical Workers (IBEW), United Association ofPlumbers and Pipe Fitters (UA) and The Association of FlightAttendants - Communications Workers of America (AFA-CWA). DirectDental Services receives annual management fees from the dentists inexchange for practicing in these "areas of exclusivity" where CWA andIBEW members use the dentists' services.
"Safe-Harbor" Statement: Under the Private Securities LitigationReform Act of 1995. This press release may contain forward-lookinginformation within the meaning of Section 21E of the SecuritiesExchange Act of 1934, as amended (the "Exchange Act"), including allstatements that are not statements of historical fact regarding theintent, belief or current expectations of the Company, its directorsor its officers with respect to, among other things: (i) theCompany's financing plans; (ii) trends affecting the Company'sfinancial condition or results of operations; (iii) the Company'sgrowth strategy and operating strategy; and (iv) the declaration andpayment of dividends. The words "may," "would," "will," "expect,""estimate," "anticipate," "believe," "intend," and similarexpressions and variations thereof are intended to identifyforward-looking statements. Investors are cautioned that any suchforward-looking statements are not guarantees of future performanceand involve risks and uncertainties, many of which are beyond theCompany's ability to control, and that actual results may differmaterially from those projected in the forward-looking statements asa result of various factors.
Dr. George D. Green
SOURCE: Union Dental Holdings, Inc.
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