UNION DENTAL returns to profitability for 3rd quarter
Coral
Springs, Florida, / November 11, 2014 / Union Dental Holdings, Inc.
(OTC PK: UDHI) -
http://www.uniondental.com/ir-
a
Company that operates and manages a network of dentists throughout
the United States for union members announced
the financial results for the quarter ending September 30, 2014. In
the Consolidated Statement of earnings the Company reported a profit
of $174,138 as income from operations on revenues of $918,508 as
compared to a loss of $38,118 from operations on revenues of
$1,026,161 during the same
period in 2013.
Dr.
George Green, President and CEO stated: “Our revenues were lower
for the quarter as compared to last year but we were profitable as
opposed to a loss for the same period last year on higher revenues
showing our staff can adjust to the volatile economic conditions our
nation faces.”
About
Union Dental Holdings, Inc., Direct Dental Services, Inc. and
Union
Dental Corp.
Direct
Dental Services and Union Dental Corp. are wholly owned subsidiaries.
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. Union Dental manages
a dental practice in Coral Springs, Florida.
"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. Green, President - info@uniondentalcorp.com
No comments:
Post a Comment