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Unity Management Group, Inc. Reduces Their Issued and Outstanding by 56%

MIAMI, FL, Oct 05, 2010 (MARKETWIRE via COMTEX) -- 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 Inc. is pleased to announce that its Board has agreed to retire and eliminate 127,036,820 from its issued and outstanding shares. These shares have been retired immediately, and are effective as of this release. The new structure is 240,000,000 authorized shares, and 100,000,000 issued and outstanding, with 43,439,000 in the float.

As previously announced the Board of Directors had agreed to the reduction of the authorized, but in light of the Letter Of Intent, and the completion of the due diligence of MCC/Legacy, the Company has decided that shareholder appreciation, and value would be better achieved through reduction of the issued and outstanding.

"After further reviews it makes more sense to lower the issued and outstanding, than the authorized, and puts less shares into the market, increases the market cap, which is better for the investors and shareholders," said Michael Oliver, Vice President.

The company will be holding its first live investor conference via telephone within the next week. The call in info will be posted on our next company press release. For more information please go to our website which can be found at www.unitymanagementgroup.com

Share structure:

240,000,000 million authorized

100,000,000 million issued and outstanding

43,439,460 million float

http://www.otcmarkets.com/stock/UYMG/company-info

http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=njNiyrVP1Xicp2yrl4C0zg%253d%253d&nt7=0

Contact Guardian Registrar and Transfer Transfer Agent 7951 SW 6th Street Suite 216 Plantation, FL, 33324 954-915-0105

http://www.guardian-transfer.com/

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
Contact: Unity Management Group,
Inc.

For more information, please visit our website at (www.unitymanagementgroup.com) or contact our office at 954-531-0387.
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:
Unity Management Group, Inc.
954-531-0387


SOURCE: Unity Management Group, Inc.
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