George Green, CEO of Union Dental, Purchases Shares of UDHI From Dutchess in Phase 1 of Agreement
19 Juin 2014 - 2:30PM
Marketwired
George Green, CEO of Union Dental, Purchases Shares of UDHI From
Dutchess in Phase 1 of Agreement
CORAL SPRINGS,
FL--(Marketwired - June 19, 2014) - Union
Dental Holdings, Inc. (PINKSHEETS:
UDHI) -- http://www.uniondental.com/ir -- a Company
that operates and manages a network of dentists throughout the
United States for union members, announced that Dr. George D. Green
has purchased 8,880,280 shares of stock from Dutchess Private
Equities Ltd according to Phase 1 of the Agreement. In a
previous announcement the Company stated that they contemplated
completing the acquisition of the shares in three phases. Due
to the complexity of the acquisition the Company feels it may take
a fourth transaction to complete the purchase and want to assure
shareholders they will be kept notified of any other changes in the
agreement.
Dr George Green, President and CEO, stated: "I am extremely
please that Phase 1 has been completed so we can start working on
Phase II of our Agreement with Dutchess. These shares have
been placed next to all of my other shares with the intent of a
long term hold. As most shareholders know for the past ten
years I have never sold a share of stock in the Company and want to
continue with that philosophy."
About Union Dental Holdings, Inc.
Union Dental Holdings manages a 22 operatory full service dental
practice in Coral Springs, Florida. It is the exclusive supplier of
Drinkable Air's patented ozone atmospheric water generators for the
US dental industry and is a leading innovator for bringing
bacteria-free water into the dental operatory settings. Union
Dental operates two wholly owned subsidiaries, Direct Dental
Services and Union Dental Corp. Direct Dental Services provides
dentists with "areas of exclusivity" to participate with various
unions including the Communications Workers of America (CWA) and
the International Brotherhood of Electrical Workers (IBEW), United
Association of Plumbers and Pipe Fitters (UA) and The Association
of Flight Attendants - Communications Workers of America (AFA-CWA).
Direct Dental Services 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.
WEBSITE: www.uniondentalcorp.com/ir
"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.
Contact Information: Dr. George D. GreenCEO
info@uniondentalcorp.com
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