Dental Services of America Announces Acquisition of Dental Office.MIAMI--(BUSINESS WIRE)--March 6, 1998--Dental Services of America Inc., trading under 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 acquired a dental office located at 8370 West Flagler Street, Suite 222, Miami, Fla. - "There has been a dental office at this location for over 5 years," stated Dr. Luis Cruz, 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. , "however, after its acquisition, Dental Services of America has been remodeling remodeling /re·mod·el·ing/ (re-mod´el-ing) reorganization or renovation of an old structure. bone remodeling it, and updating its dental equipment." - The remodeled dental office is expected to be equipped with four dental chairs, and the most advanced dental technology, allowing patients to receive primary dental care as well as cosmetic dentistry and oral surgery. - Dr. Cruz indicated that the company anticipates annual gross revenues of approximately $500,000 from this location. - The anticipated opening date for this new facility is March 30, 1998. This acquisition is in line with the company's business plan of expansion over the next 10 months as indicated by Dr. Cruz during his on-line interview with Stock Line (Stnn.com) earlier today. - 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, 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 An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called 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 3/5/98 Securities and Exchange Commission. CONTACT: Dental Services of America Inc., Miami Dr. Luis Cruz, 305/642-9090 |
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