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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 Signs Agreement With CWA West Columbia to Build Dental Network; Network to Reach More Than 2,500 Insured

05/10/2005 2:43pm

Business Wire


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Union Dental Holdings, Inc. (OTCBB:UDHI), the leading provider of network-based dental services for union members, announced today that it has signed an agreement with the Communications Workers of America (CWA) Local 3706 in West Columbia, SC, to build a dental network for its members. George D. Green, president and CEO of Union Dental said, "This is the third agreement we have signed with South Carolina CWA chapters in recent weeks. We expect to enlist three to four dentists and three specialists in the West Columbia network." West Columbia has more than 600 active members and about 2,500 insured. Member benefits will provide dental services worth $1,500 annually per insured. There are about 8,500 insured CWA members in South Carolina. Nationwide, CWA has more than 750,000 members and approximately 3.2 million insured. Green continued, "Our company is growing as more CWA chapters sign on and additional dentists and oral surgeons pay us to participate in our exclusive CWA territory arrangement. Our network could provide up to $12 million in additional income for the dentists in our South Carolina network annually, and CWA chapters nationwide are beginning to realize these benefits." The agreement with Local 3706 was signed following Green's presentation at the Communication Workers of America quarterly regional meeting for the South Carolina presidential council on Aug. 17 in Columbia, SC, where he was the featured speaker. CWA union presidents from the entire state were in attendance. About Union Dental Union Dental provides a unique way for unions to provide dental care to its members. The company is currently serving the Communications Workers of America (CWA) and International Brotherhood of Electrical Workers (IBEW). Union Dental receives annual management fees from dentists who agree to practice in areas of exclusivity where CWA and IBEW members use the dentists' services. CWA and IBEW local unions agree to provide a dental network using the members' existing insurance policies. Dentists in the dental network provide services for union members as well as existing patients. 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. Union Dental also owns and operates a 17-year-old profitable dental practice. For more information, visit http://www.uniondental.com. An investment profile about Union Dental Holdings, Inc. may be found at http://www.americanmicrocaps.com/udhi/profile.pdf. An online investor relations kit containing Union Dental press releases, SEC filings, current Level II price quotes, interactive Java stock charts and other useful information for investors can be found at http://www.hawkassociates.com and http://www.americanmicrocaps.com. Investors may contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 451-1888, e-mail: info@hawkassociates.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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