SOURCE: Union Dental Holdings, Inc.

Union Dental Holdings, Inc. Logo

July 17, 2014 08:30 ET

Union Dental Corporate Share Structure Update

CORAL SPRINGS, FL--(Marketwired - July 17, 2014) - Union Dental Holdings, Inc. (PINKSHEETS: UDHI) - - a Company that operates and manages a network of dentists throughout the United States for union announces an update as a part of its awareness program and reaffirming commitments to its shareholders the share structure of the Company after Dr. Green purchased all of the shares from warrants issued to Dutchess Private Equities Fund LTD from the PIPE financing done in the past. The Company feels the shares are undervalued at the current market price trading range.

The Company further reports that there are 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.

Dr George Green, President and CEO stated: "Ever since UDHI entered into a PIPE (Private Investment in a Public Entity) agreement in 2005 where the Dutchess financing helped to build our expansion, there has always been an overhang of shares in the marketplace. I am pleased to announce to shareholders that hangover has been totally eliminated. I have always stated the shares are undervalued and I am more excited that I have a larger position in the Company."

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