$UDHI Shareholder Update!
http://ir.stockpr.com/uniondental/company-news/detail/744
Union Dental Shareholder Update
CORAL SPRINGS, FL -- (Marketwired) -- 07/10/14 -- 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 announces an update as a part of its awareness program and reaffirming commitments to its shareholders noting no toxic debt.
The Company would like to reaffirm to its shareholders that there is no harmful debt outstanding which could negatively impact the Company's share value. Many have expressed concern that there may be harmful debt with conversion features still outstanding from such creditors as Dutchess Private Equities. Dr. George Green, President of UDHI has signed an Agreement to acquire all of the Dutchess convertible debt by converting the debt into equity and personally purchasing those shares from Dutchess. There are four Phases to completing this Agreement of which three have been accomplished. The Company believes it will have the final Phase four completed in the next two to three weeks. All of this has been filed with several Form 4 documents with the SEC.
In the case of UDHI this type of debt in the past led to short selling of the stock to reduce the effective conversion price, thus inhibiting upward progress in share valuation. These debts were settled throughout 2014 and after the completion of the Phase four acquisition by Dr. Green of the Dutchess Agreement no such remaining debentures and convertible notes will exist on the Company's books. The Company advises that any future financing in the execution of its business plan will be completed with non-harmful mechanisms using restricted shares, with additional restrictions on the percentage of stock that can be sold using a "leak out" provision. It is the Company's long-term mission to not only build shareholder value but to protect such gains from predatory market influences.
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. Green
CEO
info@uniondentalcorp.com
Source: Union Dental Holdings, Inc.
Released July 10, 2014
http://ir.stockpr.com/uniondental/company-news/detail/744
Union Dental Shareholder Update
CORAL SPRINGS, FL -- (Marketwired) -- 07/10/14 -- 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 announces an update as a part of its awareness program and reaffirming commitments to its shareholders noting no toxic debt.
The Company would like to reaffirm to its shareholders that there is no harmful debt outstanding which could negatively impact the Company's share value. Many have expressed concern that there may be harmful debt with conversion features still outstanding from such creditors as Dutchess Private Equities. Dr. George Green, President of UDHI has signed an Agreement to acquire all of the Dutchess convertible debt by converting the debt into equity and personally purchasing those shares from Dutchess. There are four Phases to completing this Agreement of which three have been accomplished. The Company believes it will have the final Phase four completed in the next two to three weeks. All of this has been filed with several Form 4 documents with the SEC.
In the case of UDHI this type of debt in the past led to short selling of the stock to reduce the effective conversion price, thus inhibiting upward progress in share valuation. These debts were settled throughout 2014 and after the completion of the Phase four acquisition by Dr. Green of the Dutchess Agreement no such remaining debentures and convertible notes will exist on the Company's books. The Company advises that any future financing in the execution of its business plan will be completed with non-harmful mechanisms using restricted shares, with additional restrictions on the percentage of stock that can be sold using a "leak out" provision. It is the Company's long-term mission to not only build shareholder value but to protect such gains from predatory market influences.
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. Green
CEO
info@uniondentalcorp.com
Source: Union Dental Holdings, Inc.
Released July 10, 2014
