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There must be a method to his maddness, although it's hard to see down so far below a penny. Everytime he buys the price goes lower......Whatz up Wit Dat?
WHAT a crazy trading stock.......above .01 is a good thing....
THANKS FOR THE PR......DR. GREEN.
Union Dental Reports a Profit for the 3rd Quarter
Friday November 14, 7:30 am ET
CORAL SPRINGS, FL--(MARKET WIRE)--Nov 14, 2008 -- Union Dental Holdings, Inc. (OTC BB:UDHI.OB - News) -- http://www.uniondentalcorp.com/ir -- announced today with the filing of their 10-QSB to the Securities & Exchange Commission a profit for the 3rd Quarter with increased profits for both the 3-months and 9-months ending Sept. 30, 2008. In the Consolidated Statement of earnings for the three months ended September 30, 2008, the Company reported a profit of $197,231 with revenues of $519,200 as compared to a profit of $38,988 with revenues of $566,497 for the same period in 2007. For the nine months ended September 30, 2008, the Company generated profits of $24,744 as compared to a loss of $809,001 for the same period in 2007.
ADVERTISEMENT
Dr. Green, President and CEO of Union Dental, commented: "The profit for the quarter is mainly attributed to a reduction in overhead and the gain from valuation of the derivatives liability. This is the third straight quarter Union Dental has shown a profit and it is a desire to keep our stockholders happy with their investment which drives our daily efforts. We thank you all."
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.
WEBSITE: www.uniondentalcorp.com/ir or www.afadental.com
"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.
Contact:
CONTACT INFORMATION:
Dr. George D. Green
President
Email Contact
NEARLY 3 MONTHS WITHOUT A PR?
Are we still pulling teeth?
JOB OPENING....
We are looking to retain a senior financial executive to serve as our Chief Financial Officer
AMENDMENT No. 1 to Form 10-Q
Form 10-Q
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
AMENDMENT No. 1 to
Form 10-Q
(Mark One)
--------------------------------------------------------------------------------
[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934
For the quarterly period ended June 30, 2008
[_] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
For the transition period from ________ to __________
--------------------------------------------------------------------------------
Commission File Number: 000-26703
UNION DENTAL HOLDINGS, INC.
(Exact name of issuer as specified in charter)
Florida 65-0710392
-------------------------------- -------------------------------
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
1700 University Drive, Suite 200
Coral Springs, Florida 33071
(Address of principal executive offices)(Zip Code)
(954) 575-2252
(Issuer's telephone number, including area code)
N/A
(Former name, former address and
former fiscal year, if changed since last report)
--------------------------------------------------------------------------------
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [ ]
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer [_] Accelerated filer [_] Non-accelerated filer [_] Smaller reporting company [x]
(Do not check if smaller reporting company)
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act) Yes [ ] No [X]
Indicated the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date, 112,572,510 shares of common stock are issued and outstanding as of August 1, 2008.
--------------------------------------------------------------------------------
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This amended Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2008 contains "forward-looking statements". Generally, the words "believes", "anticipates," "may," "will," "should," "expect," "intend," "estimate," "continue," and similar expressions or the negative thereof or comparable terminology are intended to identify forward-looking statements which include, but are not limited to, statements concerning the Company's expectations regarding its working capital requirements, financing requirements, business prospects, and other statements of expectations, beliefs, future plans and strategies, anticipated events or trends, and similar expressions concerning matters that are not historical facts. Such statements are subject to certain risks and uncertainties, including the matters set forth in this amended Quarterly Report or other reports or documents the Company files with the Securities and Exchange Commission from time to time, which could cause actual results or outcomes to differ materially from those projected. Undue reliance should not be placed on these forward-looking statements which speak only as of the date hereof. The Company undertakes no obligation to update these forward-looking statements. In addition, the forward-looking statements in this amended Quarterly Report involve known and unknown risks, uncertainties and other factors that could cause the actual results, performance or achievements of the Company to differ materially from those expressed in or implied by the forward-looking statements contained herein.
EXPLANATORY NOTE
Union Dental Holdings, Inc. is filing this Amendment No. 1 to our Quarterly Report on Form 10-Q for the quarter ended June 30, 2008 as filed with the U.S. Securities and Exchange Commission on May 14, 2008. This Amendment No. 1 is being filed to amend and restate the information provided under Item 4, Controls and Procedures. This Amendment No. 1 responds to the comments of the Staff of the Securities and Exchange Commission in connection with its review of our Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2008.
This Amendment No. 1 does not affect the original financial statements or footnotes as originally filed. This Amendment No. 1 does not reflect events that have occurred after the original filing of the quarterly report on Form 10-Q for the quarter ended June 30, 2008.
Pursuant to Rule 12b-15 under the Securities Exchange Act of 1934, as a result of this Amendment No. 1, the certifications pursuant to Section 302 and
Section 906 of the Sarbanes-Oxley Act of 2002, filed and furnished respectively, as exhibits to the original filing, have been amended and refiled as of the date of this Amendment No. 1 and are included as Exhibits 31.2, 31.2, 32.1 and 32.2 hereto.
This Amendment No. 1 should be read in conjunction with the original filing of our Quarterly Report for the period ended June 30, 2008 and our other filings made with the Securities and Exchange Commission.
ITEM 4. Controls and Procedures.
As required by Rule 13a-15 under the Exchange Act, our management, including George Green, evaluated the effectiveness of the design and operation of our disclosure controls and procedures as of June 30, 2008.
Disclosure controls and procedures refer to controls and other procedures designed to ensure that information required to be disclosed in the reports we file or submit under the Securities Exchange Act is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the SEC and that such information is accumulated and communicated to our management, including our chief executive officer and chief financial officer, as appropriate, to allow timely decisions regarding required disclosure. In designing and evaluating our disclosure controls and procedures, management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives, and management is required to apply its judgment in evaluating and implementing possible controls and procedures.
Management conducted its evaluation of disclosure controls and procedures under the supervision of our chief executive and financial officer. Based on that evaluation, Dr. Green concluded that because of the significant deficiencies in internal control over financial reporting described below, our disclosure controls and procedures were not effective as of June 30, 2008.
MANAGEMENT'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING
Our management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Rules 13a-15(f) and 15d-15(f) under the Securities Exchange Act. Our management is also required to assess and report on the effectiveness of our internal control over financial reporting in accordance with Section 404 of the Sarbanes-Oxley Act of 2002 ("Section 404"). Management assessed the effectiveness of our internal control over financial reporting as of June 30, 2008. In making this assessment, we used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) in Internal Control - Integrated Framework. During our assessment of the effectiveness of internal control over financial reporting as of June 30, 2008, management identified significant deficiencies related to
(i) our internal audit functions;
(ii) the absence of an Audit Committee as of June 30, 2008 and
(iii) a lack of segregation of duties within accounting functions.
Management has determined that our internal audit function is also significantly deficient due to insufficient qualified resources to perform internal audit functions.
Additionally, management determined that the lack of an Audit Committee of the board of directors of the Company also contributed to insufficient oversight of our accounting and audit functions and we do not employ any accounting personnel and we use an independent accountant to compile our books and records. In order to correct the foregoing deficiencies, we plan on taking the following remediation measures:
* We are looking to retain a senior financial executive to serve as our Chief Financial Officer. This individual should have extensive experience in internal control and U.S. GAAP reporting compliance. We believe that this individual together with our chief executive officer will oversee and manage our the financial reporting process and required training of the accounting staff.
* We have committed to the establishment of effective internal audit functions, however, we have not hired any internal audit resources as of the date of this report and may not have sufficient operating capital to establish an internal audit function.
* We plan on hiring an independent director to serve on an audit committee, however we have not hired any independent directors as of the date of this report and may not have sufficient operating capital to hire an independent director.
* Due to our size and nature, segregation of all conflicting duties may not always be possible and may not be economically feasible. However, to the extent possible, we will implement procedures to assure that the initiation of transactions, the custody of assets and the recording of transactions will be performed by separate individuals.
We believe that the foregoing steps will remediate the significant deficiencies identified above, and we will continue to monitor the effectiveness of these steps and make any changes that our management deems appropriate.
A material weakness (within the meaning of PCAOB Auditing Standard No. 5) is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of our annual or interim financial statements will not be prevented or detected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control over financial reporting that is less severe than a material weakness, yet important enough to merit attention by those responsible for oversight of the company's financial reporting.
Our management is not aware of any material weaknesses in our internal control over financial reporting, and nothing has come to the attention of management that causes them to believe that any material inaccuracies or errors exist in our financial statement as of June 30, 2008. The reportable conditions and other areas of our internal control over financial reporting identified by us as needing improvement have not resulted in a material restatement of our financial statements. Nor are we aware of any instance where such reportable conditions or other identified areas of weakness have resulted in a material misstatement of omission in any report we have filed with or submitted to the Commission.
Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies and procedures may deteriorate.
ITEM 6. Exhibits
(a) The exhibits required to be filed herewith by Item 601 of Regulation S-B, as described in the following index of exhibits, are incorporated herein by reference, as follows:
Exhibit
No. Description
--------------------------------------------------------------------------------
31.1 * Section 302) Certification of Chief Executive Officer
31.2 * Section 302 Certification of the Principal Financial Officer
32.1 * Section 906 Certification of Chief Executive Officer and the Principal Financial Officer
* Filed herewith.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
UNION DENTAL HOLDINGS, INC.
Dated: November 6, 2008 By: /s/ George D. Green
-----------------------------------
George D. Green
Chief Executive Officer, President and Director
--------------------------------------------------------------------------------
EXHIBIT 31.1
OFFICER'S CERTIFICATION PURSUANT TO SECTION 302 OF SARBANES OXLEY ACT
I, George D. Green, certify that:
1. I have reviewed this quarterly report on Form 10-Q/A1 for the quarter ended June 30, 2008 of Union Dental Holdings, Inc.
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the small business issuer as of, and for, the periods presented in this report;
4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant's and have:
a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5. The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the small business issuer's auditors and the audit committee of the small business issuer's board of directors (or persons performing the equivalent functions):
a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
Date: November 6, 2008 By: /s/ George D. Green
------------------------
George D. Green
Chief Executive Officer
--------------------------------------------------------------------------------
EXHIBIT 31.2
OFFICER'S CERTIFICATION PURSUANT TO SECTION 302 OF SARBANES OXLEY ACT
I, George D. Green, certify that:
1. I have reviewed this quarterly report on Form 10-Q/A1 for the quarter ended June 30, 2008 of Union Dental Holdings, Inc.
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the small business issuer as of, and for, the periods presented in this report;
4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant's and have:
a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5. The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the small business issuer's auditors and the audit committee of the small business issuer's board of directors (or persons performing the equivalent functions):
a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
Date: November 6, 2008 By: /s/ George D. Green
------------------------
George D. Green
Chief Executive Officer
(Principal financial and accounting officer)
--------------------------------------------------------------------------------
Exhibit 32.1
CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
In connection with this quarterly report of Union Dental Holdings, Inc. (the "Company") on Form 10-Q/A1 for the quarter ending June 30, 2006, as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, George D. Green, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge and belief:
1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operation of the Company.
3. A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.
Date: November 6, 2008 By: /s/ George D. Green
------------------------
George D. Green
Chief Executive Officer
(Principal financial and accounting officer)
--------------------------------------------------------------------------------
A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.
ALMOST A year since my last post on this stock. as I type this it's up 20% with 200000 shares traded......WOW. At .0030
UDHI, needs root canal.........all it does it go down...and down some more........ s8,s8 sure, but at least positive tick once in a while....
I think he dumped the money out of the change jar again.
Dr. Green, STILL HOPEFUL.....JUST BOUGHT 10,000 SHARES
SEE FORM 4.
MST-NuVisions(TM) Secures Proof of Concept Contract Win With New York City Housing Authority
Tuesday September 23, 8:00 am ET
Todt Hill Houses Residents to Benefit from Access to Low Cost Triple-Play Services Including High-Speed Internet Access, State-of-the-Art Satellite Television, and Digital Voice Services
HAWTHORNE, N.J., Sept. 23 /PRNewswire-FirstCall/ -- MSTI Holdings, Inc. (OTC Bulletin Board: MSHI - News), a carrier class communications technology company providing quadruple-play services, announced today that its wholly-owned subsidiary, Microwave Satellite Technologies, Inc. (MST), has entered into an agreement with the New York City Housing Authority (NYCHA) to supply low cost High-Speed Internet Access (HSIA) to residents at Todt Hill Houses as part of a suite of triple-play services. The contract involves equipping NYCHA's Todt Hill Houses, comprising of seven buildings and a total of 502 apartments, with HSIA, digital voice and digital satellite television, utilizing the building's existing advanced telecommunications infrastructure. MST was selected for the Todt Hill Houses project after a competitive bid, with key factors being the breadth of its service offering and quality approach.
Central to the Todt Hill Houses installation is the provision of truly affordable Internet, widening the potential audience with lower price points and three Internet speed options. MST will also provide an alternative option for residents with its core Dish Network satellite television programming and digital telephone services, with the installation scheduled for completion during September 2008.
NYCHA is committed to eroding the digital divide, as Chief Information Officer Avi Duvdevani explains, "We have invested in rewiring Todt Hill Houses to ensure that we have the most up-to-date and flexible infrastructure in place. We are committed to providing our residents with access to the latest and best services, closing the gap on the digital divide by helping everyone afford HSIA."
Frank Matarazzo, CEO and founder of MST (NuVisions(TM)), added, "This is an important contract win for the company, demonstrating our ability to deliver high quality services matched to a wide cross-section of facilities and buildings. We are delighted to be working with NYCHA in this proof of concept project."
About the New York City Housing Authority
The New York City Housing Authority (NYCHA) provides decent and affordable housing in a safe and secure living environment for low- and moderate-income residents throughout the five boroughs of New York City. NYCHA has (343) Developments, with (2,636) buildings & (178,808) apartments.
BACK AT 0.0040 AGAIN, "We've come to PHAR to turn back now".
PLACE THE ORDER BY TELEBROKER, USING THE PHONE... works for me.
All that UDHI needs is some expossure. TRUE. Snagging another Union contract would also put some air in it's sails.......
Profit is always nice. S-8, never met one I liked, but I guess he felt it's necessary, even if it dilutes his holdings somewhat..........
Would be nice to see this respond to good news, by upticking on a Million or more shares......... Like I said one time before, this is the Rodney Dangerfield of Stocks "NO RESPECT".
Multi-Pennnies sounds good Mike. I'm getting close to long term hold on this one, and it would be nice to be above par, and feeling good about this one again.
Union Dental Anticipates 2nd Quarter 2008 Revenues to Increase 12%
Union Dental Holdings, Inc. (OTCBB: UDHI) -- http://www.uniondental.com/ir -- a Company that operates and manages a network of dentists throughout the United States for union members announced today it anticipates revenues for the quarter ending 6/30/2008 of approximately $625,000 which is an increase of 12 % over the adjusted revenues ($525,284) for same time period in 2007. In 6/30/2007 UDHI reported $556,739 in revenues plus a one-time income for the quarter in the amount of $190,000 which created total revenues of $746,739.
Dr. George D. Green, President and CEO, stated: "Although the accounting for the quarter ending 6/30/2008 has just begun, the preliminary results indicate a growth over the same time period last year and we are very pleased with those numbers."
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.
WEBSITE: www.uniondental.com/ir
Haven't been here in a while...but what about the shows? Are they still happening?
LOT OF SELL VOLUME TODAY.......WONDER WHY?
Yeh, I know........Wait, wait.
AT LEAST IT'S NOT GOING DOWN........very quiet-------I thought I heard a pin drop? No just hope, ever so slowly fading......
1ST QUARTER PROFIT, has a good sound to it. Almost as good as stock price increases.
POSSIBLE 3 UP DAYS IN A ROW...?
GOOD NEWS----ANTICIPATED PROFIT 1ST QUARTER.....!!!!
Union Dental to Be Profitable in the 1st Quarter 2008
Union Dental Holdings, Inc. (OTCBB: UDHI) -- http://www.uniondental.com/ir -- a Company that operates and manages a network of dentists throughout the United States for union members announced today it anticipates being profitable in the first quarter ending 3/31/2008, with revenues in excess of $705,000. The Company will announce revenues with its filing to the Securities & Exchange Commission on May 14th.
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.
WEBSITE: www.uniondental.com/ir
"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.
CONTACT INFORMATION:
Dr. George D. Green
President
Email Contact
Source: Marketwire (May 6, 2008 - 7:30 AM EDT)
Ramping up.....Back above .04
Looking good,
AS i WRITE UP 100%.......
Been really quiet around here this year....CEO hasn't even bought any stock. Maybe he will read this and throw some pocket change at it.
Never left. Now kicking myself for not adding more when they were super duper cheap.....
I'm going to throw my self a party, if we get to .01.......
Although getting back above a penny is significant, it's still well below what I estimate to be fair value.
----NEWS!!
I HOPE (vFinance ) DOESN'T STAND FOR VULTURE FINANCE)
Union Dental Enters Into an Engagement With vFinance to Act as Agent in Capital Raise
Union Dental Holdings, Inc. (OTCBB: UDHI) -- http://www.uniondental.com/ir -- a Company that operates and manages a network of dentists throughout the United States for union members, announced today it has entered into an engagement with vFinance Investments, Inc. of Boca Raton, Florida, to act as exclusive agent on their behalf in raising capital required for the expansion of its Coral Springs facility, acquire a facility and practice in Charlotte, North Carolina, reduce certain debts and refinance the balance of its current debt.
Dr. George D. Green, President and CEO, stated: "We are extremely excited about this engagement because it places us in a position to go forward with our business plan and take us to the next phase of our business which is to become a Total Service Provider (TSP) for the CWA, AFA-CWA, IBEW and UA Plumbers and Pipe Fitters unions where we have exclusive contracts."
CWA represents the union employees of the telecoms while AFA-CWA represents the flight attendants of such airlines as United, US Airways, Northwest, Aloha, Air Wisconsin, Air Tran, America West, American Eagle, Atlantic Southeast, ATA, Piedmont, Miami Air, Alaska, PSA, Mesa, Mesaba, Midwest, Spirit, Horizon & Hawaiian.
The benefit to Union Dental from representing more than one labor organization in a given area is also beneficial to the unions with which UDHI has contracts. Where a particular organization may have scarce membership numbers in certain (usually rural) areas of the US, these numbers can be bolstered by Union Dental representing more than one labor organization and combining the membership numbers into a level that becomes financially viable for a dental offices' participation on a provider level with UDHI.
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.
About vFinance
vFinance Investments, Inc. has been assisting entrepreneurs for over five years. The investment banking division provides emerging, small and middle market companies with global capital raising services. Their senior executives have extensive entrepreneurial experience and a deeply ingrained philosophy of practicality, innovation and common sense. They combine personalized attention with Wall Street know-how and the clout of a major financial services firm. Their team specializes in the private placement of debt and equity, management consulting, and can represent your firm in mergers, acquisitions or divestitures.
vFinance further assists their private company clientele by leveraging the vast resources of their web technology. The global website audience of CEOs and wealthy investors, producing a stream of qualified investors, potential M&A candidates and strategic business partners.
"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.
CONTACT INFORMATION:
Dr. George D. Green
President
Email Contact
WEBSITE: www.uniondental.com/ir
Jonathan C. Rich
Executive Vice President - Investment Banking
Email Contact
(212) 380-2819
WEBSITE: www.vfinance.com
Source: Marketwire (February 12, 2008 - 7:15 AM EST)
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Maybe an PR, about earnings soon. He seems to be consistent with those announcements every quarter.......Hopefully accelerating!
Thanks, Al.
that's the kind of feel good PR, that get people interested.....10M SO FAR TODAY...WOW!. Been a while since it has traded that many shares in one day.
Can you share the e-mail? If not, no harm no foul... It's still nice to see some volume for a change.......a positive close would be a little icing.
Possibly shorted, but I don't think diluted.......
Yes watching and hoping...seems to be making it's way north this year.......We had a couple of nice volume days.....A positive finish today...would be sweet going into next week.....
Upside is always unlimited. However realistily do I think it will go to 0.16,(NO), but that remains to be seen and developed. If this turns out to be a real company, with real growth, and earnings. Yes it will go to 0.16 and beyond. For now, back to .03 is the price that will determine if the 1-300 R/S, was a good thing or just another means of dilution, and price erosion.
Just don't be too hasty on getting that 0.16 cents, pps might be 0.0050 again before that is realized.
IMO.
Or maybe those disenchanted shareholders, finally got the reversed shares in their account and happily traded out?
I'm looking for a positive close today.......Yeah I'm putting myself out there, but being down at this point...I choose to be a cheerleader, rather than prophet of doom and gloom.
Yes Mike, the Doctor's purpose is a mystery only known to him. Usually when insiders buy it's a goood thing, you seem to think (at least maybe otherwise). I also would like to know the real reason. I think he values the company far more than the share price. I read somewhere at one time he thought the company should trade at 1.00 a share......
He has high hopes.....and a valuation of things to come.
I'm still riding with him, at this point.........
I'VE BEEN AROUND A WHILE...., but what is an
"This is an Astrom shell." Probably not good, but please enlighten.......