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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.
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.