SOURCE: Union Dental Holdings, Inc.

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August 19, 2014 08:30 ET

Union Dental Clarifies Corporate Share Structure

CORAL SPRINGS, FL--(Marketwired - August 19, 2014) - Union Dental Holdings, Inc. (PINKSHEETS: UDHI) -- -- a Company that operates and manages a network of dentists throughout the United States for union members as well as two Joint Venture arrangements with Drinkable Air, Inc announced on July 17, 2014 the Company had a total of 300,000,000 shares of Common Stock Authorized by the Company of which 248,321,432 are issued and outstanding. Of that amount the public float or free trading shares are 126,004,437. Of the total issued and outstanding shares Dr. Green holds 111,795,880 and all of those shares are restricted. There are also 10,521,115 restricted shares of stock held by individuals and cannot be sold without a Registration Statement or exempt from Registration and sold under Rule 144.

On August 14, 2014 in its quarterly filings made on OTCMARKETS website as of June 30, 2014 the Company listed 300,000,000 shares of Common Stock authorized; 215,658,932 shares issued and outstanding; 146,397,717 Free Trading or public float shares and 69,261,215 restricted shares.

The Company wants to clarify that both statements are true and correct. The answer for the different amounts relates to Dr. George Green buying all of the Dutchess shares and all of the underlying shares of stock from the warrant they held. The result of this transaction is that the Free Trading shares that Dutchess owned were then restricted due to Dr. Green's position as a control person. This resulted in the reduction of shares in the public float and due to these shares being restricted under Rule 144 on. Some of these transactions took place in early July therefore could not be listed in the June 30, 2014 filings. The Company feels the shares are undervalued at the current market price and has proven that belief by purchasing these shares from the toxic overhang free trading shares this previous funding created. The manner in which the Dutchess acquisition shares were completed enhanced the shareholder value in the Company by reducing the float and placing these shares in the hands of Dr. Green under 144 restriction.

Dr George Green, President and CEO stated: "Shareholders have been calling and asking what made the share categories change and I felt it was appropriate to explain how these numbers were calculated. This is the first step Union Dental Holdings has undertaken to enhance shareholder value. We are currently working to create new revenue streams through products by investing our earlier profits into Joint Venture agreements with Drinkable Air and capitalize on our relationships we have built in the dental sector. We hope to be able to announce additional transactions that add value to our portfolio in the near future."

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.

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