2006 1st Q Revenues - $87,795
2007 1st Q Revenues - $549,671
626% gain from last years 1st Q
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DPAT -- Dental Patient Care America, Inc.
http://www.dentalcooperative.com/
Address:
2150 South 1300 East
Suite 500
Salt Lake City, UT 84106
Phone: (801) 990-3311
Officers:
Michael Silva, CEO; Brad Berrett, CFO
Fiscal Year End: December 31
Edgar Filing Status: Current EDGAR Filer
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1103017
CIK: 0001103017
Outstanding Shares: 23,414,412 (as of May 15, 2007)
Estimated Market Cap: 4.682M as of 2007-06-21 (based on Outstanding Shares as of May 15, 2007)
Float: 12,020,000 (from shortsqueeze.com)
Number of Shareholders of Record: 397 (as of April 2, 2007)
Company Notes:
Formerly=Mountain Oil, Inc. until 8-04
Transfer Agent:
Interwest Transfer Co., Inc.
1981 Murray Holladay Rd Ste 100
Holladay, UT 84117
801-272-9294
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LATEST PRESS RELEASES:
Dental Patient Care America, Inc. Declares 1st Quarter 2007 Revenues of $549,671.00 (Unaudited)
Thursday June 28, 8:00 am ET
SALT LAKE CITY, UT, Jun 28, 2007 (MARKET WIRE via COMTEX) -- Dental Patient Care America's (OTC BB : DPAT) most recent 10QSB filing reveals that company revenues for the first quarter 2007 are 1.7 times greater than the sum of all revenues reported for 2006. This revenue increase is due in large part to the acquisition of its first dental practices in Utah.
Marlon Berrett, President of DPCA, stated, "Our strategic relationships that were formalized in December 2006 with Heartland Dental
http://www.heartlanddentalcare.com/ and Stillwater National Bank
http://www.banksnb.com/ are expected to contribute significantly toward meeting the company's corporate objectives, including the acquisition of 20 additional practices in 2007."
Dental Patient Care America, Inc. (OTC BB : DPAT) operates Dental Cooperative, Inc. and acquires, develops, finances, and provides various cooperative services to independent dentists in geographically select markets. In January 2007, the company completed the purchase of two dental practices and made available a distinctive transition finance package to its member dentists. This finance package allows a dentist to pre-sell their practice for a specified value in exchange for a combination of DPCA stock and upfront cash. In return, the dentist commits to manage and operate his or her dental practice at an agreed upon production level for a minimum five-year period. Berrett adds, "This exit strategy is unique to any other offer in the market today. It allows the dentist the ability to enjoy complete autonomy during the contracted period knowing the sale of his or her dental practice has been completely arranged."
Dental Patient Care America, Inc. has closed five dental practice purchase agreements in 2007.
Forward-Looking Statements
Certain of the matters discussed herein may contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from expectations. These and other risks are set forth in the reports filed by the Company with the Securities and Exchange Commission.
For Further Information Contact:
Dental Patient Care America, Inc.
Salt Lake City, Utah
801-990-3311
SOURCE: Dental Patient Care America Inc.
Copyright 2007 Market Wire, All rights reserved.
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Dental Patient Care America, Inc. business is conducted through three operating subsidiaries:
Dental Cooperative, Inc. - our oldest operating subsidiary, was incorporated in Utah in 1998 for the purpose of organizing dentists into a cooperative model of contractually networked dental practices, allowing member dentists to access a variety of benefits from the cooperative structure. Such benefits include programs to purchase supplies, laboratory and other operating services, insurance and employee benefits programs, and opportunities for profit sharing through the cooperative model. Various dental patient marketing programs are also provided, such as the organization of its member dentists into a network, which offers dental care plans to employers and other groups.
U.S. DentistDirect, Inc. - another operating subsidiary, was incorporated in Utah in 2004 to conduct a dental benefits plan business for the purposes of creating another revenue generator for the Company and to generate patient flow for the Dental Cooperative member dentists who participate as the provider panel for the U.S. DentistDirect offerings. No revenues were generated by this company during 2006.
Dental Practice Transition, Inc. - our third operating subsidiary, was incorporated in December 2004. Through Dental Practice Transition, Inc. we are developing a new line of business that involves the funding of the acquisition and operation of dental practices of retiring dentists or dentists that are relocating and the subsequent financings of the new incoming dentist into the ownership of the practice. We closed our initial dental practice acquisitions at the beginning of 2007. We believe that this new line of business will enable us to demonstrate the capability of the Dental Cooperative model to increase profitability at dental practices with the intent to profitably finance the enhanced dental practices to new dentists.
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