Dental Services of America, Inc. Has Signed a Letter of Intent for the Purchase of the Assets of a Dental Practice in Winterpark, Fla.MIAMI--(BUSINESS WIRE)--July 6, 1998--Dental Services of America, Inc., trading under the NASDAQ NASDAQ
in full National Association of Securities Dealers Automated Quotations
U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on symbol "FLOS FLOS Fractional Lower-Order Statistics " announced today that it has signed a letter of intent for the acquisition of the assets of a dental practice in the city of Winterpark, Florida.
Mr. Garcia, the company's newly appointed vice president in charge of acquisitions, stated, "The Company continues to follow its business plan of aggressive expansion, especially in the Central and Northern Florida regions. We are very fortunate to be able to acquire a dental practice such as this one which has been successfully operating for the past 19 years."
The projected revenue for this practice is expected to increase Dental Services of America's gross revenues by an additional $500,000 for the next fiscal year.
The anticipated closing date for this transaction is July 15, 1998.
Dental Services of America Inc., a publicly traded company publicly traded company
A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. , is a dental practice management and managed dental care company. It currently manages dentaloffices in Florida City, Miami, Lauderhill, Lighthouse Point, Brandon, Edgewater, Flagler Beach and Tampa and provides managed dental care through its wholly owned subsidiary Wholly Owned Subsidiary
A subsidiary whose parent company owns 100% of its common stock.
In other words, the parent company owns the company outright and there are no minority owners. DENTALL PLANS OF FLORIDA.
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: Statements contained in this news release that are not historical facts are forward-looking and are based on management's estimates, assumptions and projections, including the successful establishment of the dental care facilities disclosed herein. Actual results may vary materially. Further factors involving financial results may be found in documents filed with the Securities and Exchange Commission.
CONTACT: Dental Services of America, Inc., Miami Dr. Luis Cruz, 305/642-9090