Dental Services of America announces acquisition of dental practice in Tampa, Fla.

MIAMI--(BUSINESS WIRE)--April 1, 1997--Dental Services of America Inc., trading under the NASDAQ symbol "FLOS," and its warrants under the symbols "FLOSW" and "FLOSZ," announced that it has entered into a letter of intent to acquire the assets of the dental practice of Dr. Seldon Childers in Tampa, Fla.

The company expects this acquisition to add approximately $1,500,000 in annual revenue to the company and will be the first office that the company operates outside of the South Florida market. Dr. Childers stated, "We're very excited to be part of a growing company such as Dental Services of America. Together we will continue to provide high quality dentistry and properly manage the dental care that our patients receive."

Stanley Greenstein, the company's practice management division's chief operating officer stated, "This is the first of many acquisitions that the company will make in the near future. We have decided to consolidate our offices in the South Florida market and expand throughout other markets in Florida, Georgia and Mississippi through the opening of new offices and acquisitions." The company stated that the closing will take place within the next 90 days.

-- The company also announced that its updated prospectus was declared effective by the S.E.C. on March 26, 1997, and was available upon request from the company.

-- The company also announced that its board of directors is calling for redemption of the outstanding Class A common stock purchase warrants at a redemption price of 1 cent each. Such redemption will be effective as of the closing of business on May 1, 1997. During the interim, the warrant holders have a right to purchase one share of company's common stock and one class B common stock purchase warrant for an exercise price of 50 cents. Each Class B common stock purchase warrant entitles the holder to purchase one additional share of common stock at an exercise price of $1.00.

-- Dental Services of America Inc., a publicly traded company, is a dental practice management and managed dental care company. It currently operates dental clinics in the South Florida area and expects to provide managed dental care through its wholly owned subsidiaries DENTALL PLANS of Florida, Georgia, Mississippi and South Carolina.

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. 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

Stanley Greenstein, 305/895-0716