Bio-Dental Technologies Corp. signs three-year agreement with United Dental Care.SACRAMENTO, Calif.--(BUSINESS WIRE)--July 22, 1996--Bio-Dental Technologies Corp. (Nasdaq NM:BDTC BDTC Base de Donnees Toponymiques du Canada (French: Database of Canada Toponymic) ) Monday announced it has signed a three-year agreement with United Dental Care (Nasdaq:UDCI UDCI Universal Directory of Commercial Items UDCI United Data Centers, Incorporated UDCI User Defined Central-Office Interface (AT&T) ) to provide preferred pricing of dental supplies and technology products to UDC's managed care network of more than 5,000 private practice dentists. Collectively, these dentists purchase an estimated $82 million in dental supplies annually. Located in Dallas, United Dental Care operates prepaid dental plans prepaid dental plan, n a method of financing the cost of dental care for a defined population in advance of receipt of services. in 19 states providing managed dental benefits for approximately 1.2 million people. Curtis M. Rocca III, president and chief executive officer of Bio-Dental stated: "This agreement, which is the third contract of this type we've been granted, further validates our strategic positioning to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. this growing segment of the dental market. "While it is premature for us to estimate the volume we are likely to generate from this contract, we will be actively promoting our products and services to their affiliated dentists through UDC's Value in Partnering (VIP) Program, and we believe it will represent an increasingly significant portion of our future revenues." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Richard A. Clissold, vice president of administration at United Dental Care: "Bio-Dental offers our network of dentists preferred pricing on all the supplies they need plus high-technology products they are likely to use in their practices. "This unique combination helps our dental providers maintain a high level of care for their patients while enabling them to control costs. We believe our agreement with Bio-Dental will contribute to the operating efficiency and profitability of our providers, which is key to operating successfully in today's cost-conscious healthcare environment." Bio-Dental Technologies manufactures, markets and distributes dental supplies and proprietary, high-technology dental products to the $2-billion professional dental supply market in all 50 states and Canada. In June, Bio-Dental announced that it has signed a letter of intent to merge with Zila Inc. (Nasdaq:ZILA) of Phoenix. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: The statements contained in this release include information that is forward-looking. The matters referred to in the forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including concentration of sales in markets and customers, delays or cancellations in orders, fluctuations in margins, timing of significant orders, customer reorganizations, demand fluctuations, the failure to receive necessary regulatory approvals, continued growth in the managed care segment of the dental market, and other risks detailed in the company's Securities and Exchange filings. CONTACT: Bio-Dental Technologies Corp., Sacramento Curtis M. Rocca, 916/638-8147 or Silverman Heller Associates, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. Eugene G. Heller, 310/208-2550 |
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