Union Dental Selected to Provide Dental Network for United Association of Plumbers and Pipefitters; Union Dental Takes a Significant Step to Secure a Multi-Union Nationwide Contract.CORAL SPRINGS, Fla. -- Union Dental Holdings, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :UDHI UDHI User Data Header Indicator ) -- a provider of multi-state dental services for union members, is pleased to announce that following a presentation by Dr. George D. Green, UDHI's President and 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. , the UA Local 295 has voted to utilize the services of UDHI to build a network of dental providers to be used by its members. The exclusive agreement will call for Union Dental to build and maintain a Dental Network for use by the United Association (UA) members. As a part of the exclusive nature of the agreement, Union Dental will be the only Dental Network the UA will endorse for use by its members. The UA represents approximately 300,000 members across North America working in the plumbing, pipefitting and trades industries. The UA has members in both the United States and Canada and stands out among the American unions in the AFL-CIO AFL-CIO: see American Federation of Labor and Congress of Industrial Organizations. AFL-CIO in full American Federation of Labor-Congress of Industrial Organizations U.S. . William P. Hite, President of UA in the USA and Canada stated, "United Association is very proud of our membership and our work. Our motto, 'We Do It Right the First Time,' shows our integrity and determination to not only do our best, but with expertise." Mr. Hite continued to say, "We strive to improve our members' skills and excellence through our robust training programs." Dr. George D. Green, President and C.E.O. of Union Dental Holdings commented: "UA Local 295 is a self insured union local and as such is more discerning about whom they pick to supply their dental network. I will be making a presentation at their next state President's meeting to propose a state wide agreement for UA. Their selection of UDC UDC abbr. universal decimal system UDC (Brit) n abbr (= Urban District Council) → Stadtverwaltung f sends a message to all other UA locals nationwide. We are pleased to enter this relationship with Local 295 which will provide essential services to their membership and a strong economic backbone for our company for years to come." Dr. Green continued to say, "The agreement with the United Association of Plumbers and Pipefitters will bring Union Dental a step closer to establishing our ultimate goal, where we intend to build a nation-wide network of dentists to service the dental needs of union members." Dr. George D. Green Goes "Beyond the Press Release" Please join Dr. Green as he goes "Beyond the Press Release" to provide shareholders with an audio address that further discusses and explains the strategic importance of the agreement with the United Association of Plumbers and Pipefitters (UA Local 295). The address will be available on the Union Dental Investor Relations Hub on or before February 22, 2006. This press release is available on the company's official online Investor Relations HUB for all investor questions, answers and discussion within a monitored environment. Alternatively, investors are able to e-mail all questions and correspondence to where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time. About UA Local 295 Local Union 295 located in Daytona Beach, Florida “Daytona” redirects here. For other uses, see Daytona (disambiguation). Daytona Beach is a city in Volusia County, Florida, USA. According to 2006 U.S. Census Bureau estimates, the city has a population of 64,421. has jurisdiction covering all of Flagler, Volusia and Brevard counties, including Cape Canaveral Air Force Station The Cape Canaveral Air Force Station (CCAFS) is the East Coast space launch facility of the United States Department of Defense. Located on Cape Canaveral in the State of Florida, it depends on Patrick Air Force Base, home of the 45th Space Wing. CCAFS is adjacent to the John F. , Patrick Air Force Base Patrick Air Force Base is a United States Air Force Base located between Satellite Beach and Cocoa Beach, Florida, USA. Patrick Air Force Base is home to the 45th Space Wing and the Air Force Technical Applications Center. , Kennedy Space Flight Center and the Malabar Radar Site. Local 295 boasts having been instrumental in getting our space program "off the ground" in that they have helped build many of the launch pads in use at the Kennedy Space Flight Center since its inception. About Union Dental Holdings, Inc., Direct Dental Services, Inc. and Union Dental Corp. Direct Dental Services and Union Dental Corp. are wholly owned subsidiaries and provide dentists with "areas of exclusivity" to participate with various unions including the Communications Workers of America Communications Workers of America (CWA) is the largest communications and media labor union in the United States (the union also has locals in Canada), representing over 700,000 workers in both the private and public sectors. ("CWA CWA Clean Water Act (33 USC) CWA Communications Workers of America CWA Concerned Women for America CWA CEN Workshop Agreement (European pre-normative document) CWA County Warning Area CWA Clean Water Action ") and International Brotherhood of Electrical Workers The International Brotherhood of Electrical Workers (IBEW) is a labor union which represents workers in the electrical industry in the United States and Canada, particularly electricians, or Inside Wiremen, in the construction industry and linemen and other employees of public (IBEW IBEW n abbr (US) (= International Brotherhood of Electrical Workers) → sindicato internacional de electricistas IBEW n abbr (US) (= International Brotherhood of Electrical Workers ) Dental Networks. Union Dental Corp. receives annual management fees from the dentists in exchange for practicing in these "areas of exclusivity" where CWA and IBEW members use the dentists' services. DDS/UDC has contracts with CWA & IBEW Local Unions to provide a dental network utilizing the members' existing insurance policy. The dentists in the Dental Network provide services in the areas for union members, as well as existing patients in exchange for an annual management fee. The network of dentists accepts payment from union insurance plans for services rendered as payment in full, with certain procedures requiring a small out-of-pocket co-payment from the union member patient. In addition, Union Dental Corp. acquired the assets of an existing dental practice (excluding the patient list) and successfully integrated those assets into its existing practice which has been servicing patients for 17 years in Coral Springs, Florida Coral Springs, officially chartered July 10, 1963, is a city in Broward County, Florida, United States, approximately 20 miles (32 km) northwest of Fort Lauderdale, Florida. According to the U.S. . UDC and DDS (1) (Digital Data Storage) See DAT. (2) (Data Dictionary System) See QuickBuild and OpenDDS. (3) (Dataphone Digital S are wholly owned subsidiaries of Union Dental Holdings, Inc. Website: http://www.uniondental.com "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. This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. |
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