Dental Services of America Acquires Dental Practice in Plantation, Fla.MIAMI--(BUSINESS WIRE)--Aug. 18, 1998--Dental Services of America (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 :FLOS FLOS Fractional Lower-Order Statistics ) announced today that on Friday, Aug. 7, 1998, it completed the acquisition of the assets of a dental practice Noun 1. dental practice - the practice of dentistry practice - the exercise of a profession; "the practice of the law"; "I took over his practice when he retired" in the city of Plantation, Fla. - The company announced that it acquired this dental practice from Alan J. Zukor, D.D.S D.S Drainage Structure (flood protection) ., who has been successfully operating at this location for 13 years. - The company announced that Dr. Zukor will continue to practice dentistry at this location under an employment agreement entered into as part of the sale of his practice. However, Dr. Cruz, Dental Service's Chief Executive Officer, announced that the company will be adding an additional dentist to this practice as well as additional office personnel. "As Dental Services of America has done with the majority of its dental practices," stated Dr. Cruz, "the latest technology available for the practice of dentistry, such as lasers, and intra-oral cameras, will be added to this already successful practice, marketingwill be increased and service hours will be modified in order to better serve the practice's existing patients and in an effort to attract new patients," Dr. Cruz added. "This practice has been producing $800,000 annually in gross revenues; with the changes the company will make, the practice's gross revenues should increase by 25%." - The projected revenue for this practice is expected to exceed $1,000,000 for the next fiscal year. - 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, Plantation, 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 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
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