SOURCE: Union Dental Holdings, Inc.

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March 11, 2015 08:30 ET

UDHI Reports Increased Unaudited Profit for Year End 2014

CORAL SPRINGS, FL--(Marketwired - March 11, 2015) -  Union Dental Holdings, Inc. (OTC PINK: UDHI) -- a provider of multi-state dental services for union members, announced today its unaudited revenues of $4,116,749 for the year ending December 31, 2014. This is compared to the unaudited revenues of $3,996,178 for the year ending 12/31/2013.

The Company's Unaudited Consolidated Statements of Operations for December 31, 2014 reflects a profit of $222,064 from operating income as compared to a profit of $33,279 during the comparable period in 2013. The Company believes the profits are directly related to the change in the union insurance plan which was effective April 1, 2013. The Company estimated the union employees were not aware of all of the changes which actually gave the employees more dollar benefits than the previous year. The second and third quarters were dramatically affected by this change however it also appears that the fourth quarter returned to normal.

Dr. Green, President and CEO, commented: "I am pleased we are profitable again especially in this changing insurance environment. We feel the insurance issue will be solved in the next quarter and we will be able to further expand our marketing efforts as planned. We also look forward to completing our product offering of the Green Ozonator and hope to increase revenues through this untapped market."

Most recently UDHI announced a Letter of Intent to acquire Drinkable Air Inc, a company located in Lauderdale Lakes, FL which is a leader in the manufacturing of Atmospheric Water Generators (AWG) for home and office use. The AWG's will be featured on Worldwide Business with Kathy Ireland and will be televised worldwide on Fox Business and Bloomberg Financial. This TV segment is dedicated to the growing needs for water on a worldwide basis. 

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.

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") which will 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, Dental and Medical applications, Government, Humanitarian Relief and Developing Countries


"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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