Xcelerate (QB) (USOTC:XCRT)
Historical Stock Chart
From Oct 2019 to Oct 2024
Union Dental Holdings, Inc. (OTC Bulletin Board: UDHI),
the leading provider of network-based dental services for union
members, announced today that it has started building dental networks
by signing Management Services Agreements with dentists in Durham,
Henderson, Kannapolis and Matthews, N.C. These agreements are for
dentists to accommodate the dental needs for Communications Workers of
America (CWA) members who belong to Local CWA chapters in Raleigh and
Charlotte.
George D. Green, president and CEO of Union Dental, said, "We are
aiming to add 12 dentists in this region. We continue to market to
this area and will expand the dental network by adding more dentists
as we sign on additional CWA chapters."
Each union member has $1,500 worth of dental coverage and that
coverage will be provided by member services of the UDHI dental
network. Nationwide, CWA has more than 750,000 members and
approximately 3.2 million insured. There are approximately 12,000
insured in North Carolina.
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.hawkassociates.com/uniondental/profile.htm.
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.