CORAL SPRINGS, Fla., June 7, 2011 (GLOBE NEWSWIRE) -- Union Dental Holdings, Inc. (Pink Sheets:UDHI) - http://www.uniondental.com/ir - a Company that operates and manages a network of dentists throughout the United States for union members, announced today it has engaged J&C Global Securities LLC as its Investment Banking firm to look for opportunities to enhance shareholder value.
Dr. George D. Green, President and CEO, stated: "Union Dental has been growing beyond our expectations, and we believe that now is the right time to explore opportunities that will best serve the interest of all of our shareholders. We are extremely pleased to announce that we have partnered with a young, aggressive Investment Banking firm to guide us through some of our future plans. With J&C Global Securities LLC now assisting us in defining and executing on our strategic plans to maximize the Company's potential value, we can concentrate on our patients' dental needs."
Jervis B. Hough, CEO of J&C Global Securities, LLC, is quoted as saying: "J&C Global Securities, LLC is pleased to be able to assist Union Dental navigate through this difficult economic climate. We have been impressed with management's continued focus on core competencies. Given the size of their market and the long standing union relationships, we feel there is potential for high growth. We look forward to working with Union Dental to further capitalize on their unique dental services business model."
About Union Dental Holdings, Inc., Direct Dental Services, Inc. and Union Dental Corp.
Direct Dental Services and Union Dental Corp. are wholly owned subsidiaries. Direct Dental Services provides dentists with "areas of exclusivity" to participate with various unions including the Communications Workers of America (CWA) and the International Brotherhood of Electrical Workers (IBEW), United Association of Plumbers and Pipe Fitters (UA) and The Association of Flight Attendants – Communications Workers of America (AFA-CWA). Direct Dental Services 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. Union Dental manages a dental practice in Coral Springs, Florida.
WEBSITE: www.uniondental.com
The Union Dental Holdings Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8310
"Safe-Harbor" Statement: Under the Private Securities Litigation Reform Act 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.