SOURCE: Union Dental Holdings, Inc.

Union Dental Holdings, Inc. Logo

July 15, 2014 08:30 ET

Green Purchases Final Phase IV of the Dutchess Agreement

CORAL SPRINGS, FL--(Marketwired - July 15, 2014) - Union Dental Holdings, Inc. (PINKSHEETS: UDHI),, a Company that operates and manages a network of dentists throughout the United States for union members, announced today that Dr. George D. Green has purchased 10,000,000 shares of Common stock to complete the final purchase (Phase 4) of the Agreement which allowed him to purchase all of the Dutchess common stock and all of the underlying shares of stock in the warrant they had in possession. The toxic financing that was started in 2005 with the convertible debenture and warrant is now totally off of the books and records of the company.

Dr. George Green, President and CEO, stated: "I am very glad to have been able to complete the purchase of all of the Dutchess shares and have them in my hands. I believe this is one of the major announcements our shareholders were waiting to hear from the Company and I am extremely proud to have been able to purchase these shares and have the shares in my hands instead of Dutchess' possession. I have always stated that I feel our shares are undervalued and hopefully this will build shareholder confidence that I have backed my statement up with purchasing these shares."

About Union Dental Holdings, Inc.

Union Dental Holdings manages a 22 operatory full service dental practice in Coral Springs, Florida. It 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 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.


"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.

Contact Information