Dental Services of America, Inc. Completes Acquisition of Eight Dental Practices in Miami-Dade County, Florida.MIAMI--(BUSINESS WIRE)--June 4, 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 completed its previously announced acquisition of the assets of eight dental practices throughout Miami Dade County in Florida. The projected revenue for these practices is expected to increase Dental Services of America's gross revenues by an additional $4 Million Dollars for the next fiscal year. Dr. Nahmad has become the Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. for the practice management subsidiary of Dental Services of America Miami Dade and Broward regions pursuant to a three year employment agreement. The Company's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Dr. Luis Cruz, stated, "This acquisition makes Dental Services of America the largest public dental practice management company in the South Florida region. Our growth efforts will now focus more aggressively in the Central and North Florida regions. We are extremely excited about having Dr. Nahmad join our management team as our new Chief Operating Officer." 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 dental offices 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. Notes: In other words, the parent company owns the company outright and there are no minority owners. DENTALL PLANS OF FLORIDA. Safe Harbor 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
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