MIAMI, Feb. 2, 2005 (PRIMEZONE) -- Stock Market Alert's watch list includes: Union Dental Holdings, Inc. (OTCBB:UDHI), Pfizer Inc. (NYSE:PFE), QUALCOMM, Inc. (Nasdaq:QCOM) and Discovery Laboratories (Nasdaq:DSCO).
Union Dental Holdings, Inc. (OTCBB:UDHI) issued a press release that may get investor's attention. Late yesterday afternoon, the company announced that it has recently signed an agreement in New Mexico with the Communications Workers of America (CWA) Local Unions in District 7 representing their workers who are employed by Lucent Communications, Qwest Communications and the Albuquerque Public Schools Food Service Department. Before the news was released, the company's stock closed at fifty cents a share.
The press release stated that UDHI recently announced a similar contract in Arizona. District 7 is the largest CWA district consisting of 15 states. The exclusive agreement calls for UDC to build and maintain a Dental Network for CWA members to use. CWA has a varied member base throughout the United States representing employees who work for not only the telephone companies but public maintenance, food service, flight attendants and law enforcement.
Dr. George D. Green, President and CEO of the company stated: "The addition of New Mexico to the list of states in which UDHI operates dental networks means the entire southern border of the United States, from Florida to California and Hawaii, participate with us in exclusive CWA union dental network benefits. Our expansion throughout the rest of the United States and to additional labor unions is not only our goal but rapidly becoming our achievement. New Mexico presents the addition of state employees represented by CWA as well as employees of the telephone industry. This broader range of patients will mean increased revenues to our participating professional offices."
UDC has been providing a Dental Network for CWA in Florida since its inception and has expanded the concept and Dental Network throughout District 3, which along with Florida includes Alabama, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina and Tennessee.
About Union Dental Holdings, Inc., Direct Dental Services, Inc. and Union Dental Corp. -- Direct Dental Services and Union Dental Corp. provide dentists with "areas of exclusivity" to participate with various unions including the Communications Workers of America ("CWA") Dental Networks. DDS/UDC has contracts with CWA 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 manages the 17-year profitable dental practice. DDS and UDC are wholly owned subsidiaries of Union Dental Holdings, Inc.
Other stocks of interest yesterday were: Pfizer Inc. (NYSE:PFE) down 1.2% on 49.2 million shares traded, QUALCOMM, Inc. (Nasdaq:QCOM) down 1.1% on 12.5 million shares traded and Discovery Laboratories (Nasdaq:DSCO) down 22% on 7.1 million shares traded.
The release is provided by Stock Market Alerts LLC, an electronic broadcaster and publisher of this release, and hereafter referred to as "the company". The company received compensation for services performed for Union Dental Holdings, Inc. (OTCBB:UDHI). The compensation is twenty nine thousand dollars from non-affiliated third party, Company Reporter Inc. Because the company received compensation for its services, there is an inherent conflict of interest in the company statements and opinions and such statements and opinions cannot be considered independent.
The information contained in this press release is for informational purposes only, and not to be construed as an offer to sell or solicitation of an offer to buy any security. The company makes no representation or warranty relating to the validity of the facts presented nor does the company represent or warrant that all material facts necessary to make an investment decision are presented above. Stock Market Alerts LLC is an advertising company and therefore, this release should be viewed for informational purposes only.
The company relies exclusively on information gathered on the public company, such as public filings, press releases and its web sites. Investors should use the advertising information contained in this release as a starting point for conducting additional research on the public company in order to allow the investor to form his or her own opinion regarding the public company. Factual statements contained in this publication are made as of the date stated and they are subject to change without notice. The company is not a registered investment adviser, broker or a dealer.
Investing in the public company that this release is providing service for should be reviewed is speculative and a high-risk and may result in the loss of some or all of any investment.
This release may contain statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements.