$UDHI News! Union Dental / Drinkable Air JV Receiv
Post# of 18851
http://ir.stockpr.com/uniondental/company-news/detail/784
CORAL SPRINGS, FL -- (Marketwired) -- 07/30/14 -- 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 members and Drinkable Air a company that manufactures an Atmospheric Water Generator announced today the Joint Venture received a Letter of Notification stating that the Canadian Patent Office will grant the patent for a period of 20 years for the Green Ozonator purified water disinfector to be used in dental operatories. The actual granting of the patent now becomes a formality.
The filing was done on behalf of the Joint Venture established in 2012 between Union Dental and Drinkable Air. Union Dental owns 51% of the Joint Venture while DA holds the remaining 49%. The initial intended goal of both companies is to have the Green Ozonator mandated for use in all dental offices in the State of Florida and the Joint Venture has already begun the testing of the machine in order to publish these results.
Dr. Green, UDHI President and CEO, stated: "I am more than pleased that we have received the Notification Letter and the granting of the Canadian Patent is now a formality. I have been told by counsel that this should help speed up the process in the USA and the European countries with those patent Pending applications. I have always stated that I feel our Company is undervalued and I firmly believe that scenario even more today. I also proved my belief by purchasing all of the shares that was a result of toxic financing done by Dutchess Private Equities LTD in 2005 and has prevented the increase in shareholder value."
Steve Kairis President of DA stated: "They say everything in life is timing. Last week I worked with Dr. Green and the engineering staff at Drinkable Air to write the protocol for the testing of the Green Ozonator and the testing is underway. To get the Letter of Notification from the Canadian Patent Office is perfect timing. Being in the Health Care Industry for the past 35 years and writing protocol on medical devices, I am excited by what Union Dental and Drinkable Air have developed and believe this is the first step of many more successes."
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.
About Drinkable-Air, Inc.
Drinkable Air, Inc. (a Florida corporation) ("DA" or "The Company" offers to the U.S. and international markets atmospheric water generators ("AWG" which will enable people to enjoy pure, 99.9% clean water. The water supply is obtained from the humidity in the air and condensed, processed and purified through a patented process. Drinkable Air's Chameleon line of AWG's is a cost-effective and environmentally friendly solution to the world's ever-growing need for pure, clean drinking water. The Chameleon line consists of twelve models which are described in detail in the business plan. For the first 3 years, the Company will focus on selling six models, i.e. Chameleon 8, 60, AC-60, 600, AC-600 and 1200. The Company's new home/office model is revolutionary in design and unlike other machines currently in the market. Superior air flow design combined with a larger surface area at the evaporator coil; produce more water than any other AWG of comparable size. The Company's proprietary EnviroGuard System, the foundation for this new product, eliminates bacteria and purifies the water with an ozone process which oxygenates the water. This process keeps the water pure, fresh and great tasting at all times.
"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
WEBSITE: www.uniondentalcorp.com/ir
CONTACT INFORMATION:
info@drinkable-air.com
WEBSITE: www.drinkableair.com