UYMG reduces A/S by 50%
Mar 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
