SOURCE: Union Dental Holdings, Inc.

August 14, 2008 07:30 ET

Union Dental Reports 2nd Quarter Profits and 17% Higher Revenues

CORAL SPRINGS, FL--(Marketwire - August 14, 2008) - Union Dental Holdings, Inc. (OTCBB: UDHI) -- -- a Company that operates and manages a network of dentists throughout the United States for union members, announced today with the filing of their 10-QSB to the Securities & Exchange Commission the financial results for the quarter ending June 30, 2008. In the Consolidated Statement of earnings the Company reported a profit of $120,494 from operations for the quarter on revenues of $652,709 as compared to a loss of $117,570 on adjusted revenues of $556,739 during the same period in 2007. Revenues were up over 17% for the quarter. The 2007 adjusted revenues were a result of a one-time income for the quarter in the amount of $190,000, which created total revenues of $746,739 for the 6/30/2007 quarter.

For the six months ending 6/30/08 the Company reported 14.5% higher revenues and a profit of $181,495 on revenues of $1,362,304 as compared to a loss of $643,649 on adjusted revenues of $1,189,376 which does not include the one-time income of $190,000 for the same quarter in 2007.

The increase in revenues was a combination of a lowering of the "Allowance for Doubtful Accounts" to make that number more accurate and the addition of the Company's growing network of dental service providers who pay a fee to the Company for the opportunity to join Union Dental's growing list of contracted unions. Most recently, the Company signed a national contract to build a nationwide dental network for the Association of Flight Attendants.

Dr. Green, President and CEO, commented: "I am pleased our revenues have once again increased for the quarter and we have now continued our profitability for the second straight quarter. I believe we can continue to grow our business and remain profitable."

AFA-CWA represents the employees of 20 major airlines such as United, US Airways, Northwest, America West, Alaska Airlines, PSA, Mesa, Air Wisconsin, Spirit, AWA, American Eagle, Midwest Airlines, Miami Air, Piedmont, Horizon & Hawaiian.

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.


"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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