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XCRT Xcelerate Inc (QB)

0.025
0.00 (0.00%)
19 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Xcelerate Inc (QB) USOTC:XCRT OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.025 0.024 0.025 0.025 0.025 0.025 40,308 13:14:58

Union Dental Creates Technical Advisory Board to Be Headed up by Former CWA Local 3112 President Ed Ryan

11/01/2006 2:19pm

Business Wire


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Union Dental Holdings, Inc. (OTCBB:UDHI) - http://www.uniondental.com - a provider of multi-state dental services for union members, is pleased to announce the company has added Ed Ryan, former CWA President of Local 3112 to the Technical Advisory Board of Directors. Mr. Ryan, a West Palm Beach resident all of his life graduated from high school in 1966 and enlisted in the Armed Forces serving a Tour of Duty in Korea and then in a second Tour in Germany. Upon being honorably discharged from the military in 1969 he went to work for BellSouth starting out as an installer/repairman. After holding many positions with the company, he became a job steward 1977-1979, elected to the Local Executive Board 1979-1982, became Vice-President from 1982-1987 and became President of CWA Local 3112 in 1987. He was elected five consecutive terms until his retirement in 2003. Ed was also a Registered Lobbyist in Washington, DC from 1987-2003. George D. Green, president and CEO of Union Dental, said, "The creation of a Technical Advisory Board and adding Ed Ryan to it is a very significant step for UDHI toward creating an infrastructure to enable us to create and service a nationwide dental network for CWA which we intend to build. Union Dental has a long standing relationship with CWA and Ed will solidify our presence at the national level in Washington, DC as well as with all Florida CWA local presidents." Ed Ryan will be speaking at the CWA Florida President's meeting on January 13, 2006 emphasizing the importance of union members using the benefits of Union Dental which in turn strengthens solidarity among its members. Ed Ryan stated: "I am proud to say I was one of the first Presidents to see the benefits of the Union Dental program and signed with them in 1987. I have used the dental network personally for almost 20 years and it is a great benefit for all of our members. I am thrilled to have the opportunity to talk to CWA Presidents about the program because I use it and I believe in it. There is no better recommendation I can give." Dr. Green further stated: "Ed Ryan was one of the first CWA Local Presidents in Florida to see the value of the benefits offered by Union Dental and signed an agreement with the Company in 1987. Members in his local utilized the UDHI benefits afforded them and the savings more than paid for their annual CWA membership dues in most cases." 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. Website: http://www.uniondental.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.

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