Dental Services of America, Inc. Has Signed a Letter of Intent for the Purchase of the Assets of a Dental Practice in Winterpark, Fla.
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, 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 DENTALL PLANS OF FLORIDA.
Safe Harbor Statement under the Private Securities Litigation Reform Act 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
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|Date:||Jul 6, 1998|
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