SOURCE: Union Dental Holdings, Inc.

November 02, 2012 07:55 ET

Energy Edge Technologies Corporation - Dutchess Private Equities Fund, LTD Agreement to Purchase UDHI Shares Terminated

CORAL SPRINGS, FL--(Marketwire - Nov 2, 2012) -  Union Dental Holdings, Inc. (PINKSHEETS: UDHI) www.uniondental.com/ir -- a provider of multi-state dental services for union members, announced today it was informed that Energy Edge Technologies Corporation (PINKSHEETS: EEDG) and Dutchess Private Equities Fund, LTD had terminated their agreement to purchase all of the Dutchess shares of equity, including all warrants in UDHI. 

In 2005 UDHI completed and filed a registration statement with the Securities & Exchange Commission for a convertible Debenture and a Senior Note with Dutchess which was all converted into equity via shares of stock and a warrant to be exercised at a later date. 

Dr. George Green CEO of UDHI stated: "We are disappointed being informed of this event as we were looking to establish a long term working relationship with EEDG. We are still working on the African initiative with EEDG through our JV partners Drinkable Air."

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.uniondentalcorp.com/ir

About Drinkable-Air, Inc.

Drinkable Air, Inc. (a Florida corporation) ("DA" or "The Company") offers to the U.S. and international markets atmospheric water generators ("AWG") that enable people to enjoy pure, 99.9% clean water. The water supply is obtained from the humidity in the air and condensed, processed and purified through a patented process. Drinkable Air's Chameleon line of AWG's is a cost-effective and environmentally friendly solution to the world's ever-growing need for pure, clean drinking water. The Company's proprietary EnviroGuard System eliminates bacteria and purifies the water with an ozone process which oxygenates the water. This process keeps the water pure, fresh and great tasting at all times.

The market opportunity is vast and includes utilization in: Residential, Businesses, Commercial,, Marina's, Municipalities, Industrial, Government, Humanitarian Relief and Developing Countries. The capacity of this technology to generate drinking water from air will create a point of differentiation that will serve all the indicated markets above.

WEBSITE: www.drinkableair.com

"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.

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