Tuesday, May 25, 2010 8:32:36 AM
CORAL SPRINGS, Fla., May 25, 2010
GLOBE NEWSWIRE
Union Dental Holdings, Inc. (Pink Sheets:UDHI) - http://www.uniondental.com/ir - a Company that operates and manages a network of dentists throughout the United States for union members, announced the financial results for the quarter ending March 31, 2010. In the Consolidated Statement of earnings the Company reported a loss of $156,854 on revenues
of $611,160 as compared to a profit of $7,400 on revenues of $589,026 during the same period in 2009.
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.
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