Xcelerate (QB) (USOTC:XCRT)
Historical Stock Chart
From Jul 2019 to Jul 2024
Union Dental Holdings, Inc. (OTCBB:UDHI) announced
today the filing of its 10-QSB with the Securities & Exchange
Commission which included the financial results for the quarter ending
March 31, 2005. In the consolidated statement of earnings UDHI
reported quarterly income of $88,560 on revenues of $513,637.
Dr. George D. Green, President and C.E.O. commented: "I am
extremely pleased with the first quarter results and with the recent
acquisition of Dental Visions and their approximate 750 patient base
we anticipate annualized revenues to be even higher."
UDC has been providing a Dental Network for the Communications
Worker of America (CWA) local unions in Florida since its inception
and has expanded the concept and Dental Network throughout District 3
which along with Florida includes Alabama, Georgia, Kentucky,
Louisiana, Mississippi, North Carolina, South Carolina and Tennessee
as well as across the southern United States and California. The
communications Workers of America union members represent workers who
are employed by BellSouth (NYSE:BLS); Qwest (NYSE:Q) AT&T (NYSE:T);
Lucent (NYSE:LU); General Electric (NYSE:GE); Verizon (NYSE:VZ); SBC
Communications (NYSE:SBC), Avaya (NYSE:AV) and many other varied
occupational fields such as public maintenance, food service, flight
attendants and law enforcement.
About Union Dental Holdings, Inc., Direct Dental Services, Inc.
and Union Dental Corp. - Direct Dental Services and Union Dental Corp.
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 manages the
17 year profitable dental practice. UDC and DDS are wholly owned
subsidiaries of Union Dental Holdings, Inc.
Website: http://www.uniondental.com
For Investor Relations information, please call: 1-800-288-7499 or
e-mail: info@dpmartin.com.
"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.