SOURCE: Union Dental Holdings, Inc.

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August 12, 2015 09:29 ET

George D. Green DDS PA Files for "Assignment of Assets for the Benefit of Creditors"

CORAL SPRINGS, FL--(Marketwired - August 12, 2015) - Union Dental Holdings, Inc. (OTC PINK: UDHI) - - George D. Green DDS PA which is managed by Union Dental Corp. (UDC) and UDC is a wholly owned subsidiary of Union Dental Holdings, Inc. has filed "An Assignment of Assets for the Benefit of Creditors under Florid Statute 727." This will enable to Company to attempt to restructure itself under Florida Law.

Although similar to a bankruptcy it allows the debtor more opportunity to restructure itself under the Florida Law.

About Union Dental Holdings, Inc.

Union Dental Corp. manages a 22 operatory full service dental practice in Coral Springs, Florida. The Company operates under the name George D, Green DDS PA and is the exclusive supplier of Drinkable Air's patented ozone atmospheric water generators for the US dental industry and is a leading innovator for bringing bacteria free water into the dental operatory settings. Union Dental Holdings, Inc. operates two wholly owned subsidiaries, Direct Dental Services and Union Dental Corp. 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.


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