SOURCE: Unity Management Group, Inc.

Unity Management Group, Inc.

March 18, 2010 16:00 ET

Unity Management Group Inc. Is Proud to Announce the Reduction of Its Authorized Shares by 50%

MIAMI, FL--(Marketwire - March 18, 2010) - Unity Management Group Inc. (PINKSHEETS: UYMG), a Health Resource Company specializing in Physician and Hospital Practice Management, Medical Discount Plans, Business Services, Billing Software and Technologies.

Unity Management Group is proud to announce that it will retire and eliminate 260,000,000 shares from its treasury of authorized shares which was originally 500,000,000. The new amount of authorized shares is 240,000,000. The Company's share structure will now be 240,000,000 authorized and 227,036,620 outstanding, with 47,036,620 in the float. There will be no reverse, with possible further reduction in the future.

Alex Berkovich states, "We are proud to announce that we are making a 50% reduction overall, effective immediately. Our board of Directors is very excited over the commitment our company is making to its shareholders by bringing shareholder value and making our dedication to our investors and shareholders first priority."

Unity Management Group, a health resource company, will continue to provide innovative physician practice management services that offer high value and significant return on investment for physicians practices and hospitals through its three subsidiary companies: United Healthcare Solutions Inc., Unity Technologies Inc. and United Business Services Inc.

The first subsidiary, Unity Business Services, is a full service management company offering solutions in practice management, billing, staffing, contracting, licensing, credentialing, and accounting. Unity Business Services also offers assistance in HIPPA compliance, marketing, and unique solutions for practice start-ups and new practices.

Unity Technologies Inc. is a complete software solutions company offering billing, electronic medical records, and electronic health records for physicians' offices and hospitals.

United Healthcare Solutions, a national company based in Nevada, is a healthcare company will be providing medical, vision and dental discount plans, as well as PPO and HMO networks. 

The combination of these three subsidies provides unprecedented access to skilled leadership, managed care expertise, information systems, and economies of scale. Alex Berkovich, President of United Management Group, stated, "Through this merger, we are in a unique position to address the rapidly changing needs of the medical community. Business expertise is critical to the success of today's physician offices and hospitals and we expect unpatrolled growth in the near future."

Unity Management Group Locations:  
   
15325 N.W. 60th Avenue 1348 East Hillsboro Blvd.
Suite #101 Deerfield Beach, Florida 33441
Miami Lakes, Florida 33014  

Certain information discussed in this press release may constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the Company's inability to accurately forecast its operating results; the Company's potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the Company's business. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

Contact Information

  • Contact: Unity Management Group Inc.

    For more information, please visit our website at (www.unitymanagementgroup.com) or contact our office at 954-531-0387