SOURCE: Summit Dental Clinics Inc.

February 17, 2009 09:04 ET

Summit Dental Clinics Inc. Provides Corporate Update

TORONTO--(Marketwire - February 17, 2009) - Summit Dental Clinics Inc. (PINKSHEETS: SUMM) announces the resignation of Dr. A. Gutpa as president and CEO. Mr. Gutpa has stepped down in order to focus on operations; he will remain on board as a director. Mr. Alex Ipanag has assumed the position of President and CEO of Summit Dental Clinics Inc.

Further, Summit Dental Clinics Inc. continues its ongoing due diligence of its potential acquisition of Royal York Plaza Dental. The company expects to finalize its decision on or by March 2nd, 2009. The company continues to focus its objectives of acquiring clinics in Canada to provide management and operational services marketed under the name of Summit Dental Clinics Inc.

For further updates and information please refer to our website at www.summitdentalclinic.com.

About Us:

Summit Dental Clinics Inc. is a publicly traded business services organization (SUMM) that aims to serve as a network of dental offices marketed under the name of Summit Dental Clinics Inc. Our goal is simple, to become one of the largest provider of high quality, comprehensive dental care in North America.

We strive to create a professional practice environment and to achieve high levels of patient satisfaction, to maintain first class dental facilities, and to create an organization that will endure and bring shareholder value. This will be accomplished by the use of our resources to enhance the growth and success of our acquired clinics/practices. We develop newly acquired practices by assisting with organizational planning and development, facilities development and management, and the procurement of information systems and practice technologies.

Cautionary Statement Regarding Forward-Looking Information: Except for statements of historical fact relating to the Corporation, certain information contained herein constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as "potential," "estimate," "plan," "expect," "project," "intend," "believe," "anticipate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Corporation undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.

Contact Information

  • For further information, contact:
    Karen Willoughby
    Investor Relations
    Phone: 1-866-365-4724