SOURCE: United Health Products Inc.

August 12, 2015 08:00 ET

United Health Products Inc. Announces Proxy Vote Results

HENDERSON, NV--(Marketwired - Aug 12, 2015) - United Health Products Inc. (OTCQB: UEEC) announced that on August 7, 2015, the stockholders of the corporation approved an increase in the authorized number of shares of common stock to 300 million shares and the cancellation of the existing authorized but unissued preferred shares. At a special meeting of stockholders, 87,752,635 shares voted in favor of the proposed amendment to the Certificate of Incorporation and 4,043,164 shares voted against the proposal. Douglas Beplate, CEO, stated, "The increase in the number of shares secures the shareholders' interest and that the increase in the number of shares does not dilute the value of the shareholders' equity as these shares will be in treasury and no financing is associated with the increase of these shares at the present time. We have secured lines of credit if needed to meet our production needs." Mr. Beplate added, "We have positioned the company to expand into the Nationwide Marketplace where the Hemostyp® products have been successfully introduced through our distribution network. United Health Products Inc. is now ready to capitalize on that network to generate meaningful revenues."

About United Health Products Inc.

United Health Products Inc. (UEEC) develops, manufactures, and markets patented hemostatic gauze, for the healthcare and wound care sectors. The product, HemoStyp®, is derived from regenerated oxidized cellulose, which is all natural, and designed to absorb exudate/drainage from superficial wounds and helps control bleeding. UEEC is focused on identifying new markets and applications for its product as well as ramping up sales in its current markets. For more on United Health Products Inc. visit: www.unitedhealthproductsinc.com

Safe Harbor Statement

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipates" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements.

Contact Information

  • Company Contact
    United Health Products Inc.
    877-358-3444

    For Investor Relations
    PCG Advisory Group
    Kirin Smith
    Managing Director
    1-646-863-6519
    ksmith@pcgadvisory.com

    For Media Relations
    Sean Leous
    Managing Director
    +1 646.863-8998