SOURCE: Unity Management Group Inc.

Unity Management Group Inc.

June 21, 2010 12:45 ET

Unity Management Group Inc. Announces the Intention to Immediately Retire 25 Million Outstanding and 100 Million Authorized Shares

MIAMI, FL--(Marketwire - June 21, 2010) -  Unity Management Group Inc. (PINKSHEETS: UYMG), a Health Resource Company specializing in Physician and Hospital Practice Management, Medical Discount Plans, Business Services, Billing Software and Technologies.

Unity Management Group Inc. is pleased to announce its intention to retire and eliminate 100,000,000 Shares from its treasury of authorized shares, which was 240,000,000. The new amount of authorized shares will be 100,000,000. The Company will also retire 25 Million of the outstanding shares. The new share structure will be 100,000,000 authorized and 62,036,620 outstanding, with 43,439,460 in the float. Both of these share reductions have already been initiated and UMGI expects these reductions to become effective in timely manner.

Unity Management Group Inc. is continuing its number one priority to maintain total transparency to its shareholders, and investors. "It is our intention to always work for the best interest of the overall company and instill a strong sense of shareholder value," said Michael Oliver, Vice President operations.

We feel that this is one more important step in the longevity and the growth of the company. For more information please go to our website which can be found at www.unitymanagementgroup.com

Share structure:
100,000,000 million authorized
62,035,620 million issued and outstanding
43,439,460 million float

Unity Management Group, a health resource company, will continue to provide innovative physician practice management services that offer high value and significant return on investment for physicians practices and hospitals through its three subsidiary companies: United Healthcare Solutions Inc., Unity Technologies Inc., and United Business Services Inc.

The first subsidiary, Unity Business Services, is a full service management company offering solutions in practice management, billing, staffing, contracting, licensing, credentialing, and accounting. Unity Business Services also offers assistance in HIPPA compliance, marketing, and unique solutions for practice start-ups and new practices.

Unity Technologies Inc. is a complete software solutions company offering billing, electronic medical records, and electronic health records for physician's offices and hospitals.

United Healthcare Solutions, a national company based in Nevada, is a healthcare company that will be providing medical, vision and dental discount plans, as well as PPO and HMO networks. 

The combination of these three subsidies provides unprecedented access to skilled leadership, managed care expertise, information systems, and economies of scale. Alex Berkovich, President of United Management Group, stated, "Through this merger, we are in a unique position to address the rapidly changing needs of the medical community. Business expertise is critical to the success of today's physician offices and hospitals and we expect unpatrolled growth in the near future."

Unity Management Group Locations:

15325 N.W. 60th Avenue   1348 East Hillsboro Blvd.
Suite #101   Deerfield Beach, Florida 33441
Miami Lakes, Florida 33014    
Contact: Unity Management Group Inc.    

For more information, please visit our website at (www.unitymanagementgroup.com) or contact our office at 954-531-0387.

Certain information discussed in this press release may constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the Company's inability to accurately forecast its operating results; the Company's potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the Company's business. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

Contact Information

  • Contact:
    Unity Management Group Inc.
    954-531-0387