SOURCE: Unity Management Group, Inc.

Unity Management Group, Inc.

December 02, 2010 09:00 ET

Unity Management Group, Inc. Receives $116,324.91 Thousand Payment

MIAMI, FL--(Marketwire - December 2, 2010) -  Unity Management Group, Inc. (PINKSHEETS: UYMG) is a Health Resource Company specializing in Physician and Hospital Practice Management, Medical Discount Plans, Business Services, Billing Software and Technologies.

Unity Management Group, Inc. / Metropolitan Computing Corporation (MCC) announced today the receipt of $116,324.91 in payments from their maintenance contract and research agreements with:

Amgen, Inc. amount receipt $48,520.36

Bend Research, Inc. amount receipt $40,000.00

International Specialty Products amount receipt $27,804.55

This contract has been in place since the beginning of June 2010, and is expected to continue to grow. Up to date MCC has received $592,878.09 from this agreement. The agreement involves multiple calibrations and proprietary software, along with research and development technologies. MCC will also have available a new patented software, and hardware called the Parcus. This equipment is capable of saving hundreds of thousands of dollars in running the large tablet presses. It will keep the cost down on waste of very expensive active ingredients. This is necessary for increased production and decrease in production cost to the large pharmacy companies.

MCC will be entitled to milestone payments and royalties on sales from the Parcus. The $116,324 Fee paid will be recorded by MCC as revenue in the 2010 fourth quarter.

"MCC's technology collaborations are designed to enable our partners to advance their drug development and optimization process and provides an important source of revenue to the company. We look forward to additional revenue-generating technology collaborations such as this successful arrangement with Bristol Myers Squibb," said MCC Chief Operating Officer and President Ron Berman.

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About Unity Management Group, Inc.

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."

For more information please go to our website which can be found at

www.unitymanagementgroup.com

www.mcc-online.com

Unity Management Group Locations:

6 Great Meadow Lane
East Hanover, NJ 07936

Contact: Unity Management Group, Inc.

For more information, please visit our website at (www.unitymanagementgroup.com) or contact our office at 855-413-0755

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.
    855-413-0755