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UHDI .0082

Union Dental Engages Investment Banking Firm
Date : 06/07/2011 @ 7:25AM
Source : GlobeNewswire Inc.
Stock : Union Dental Holdings Inc. (UDHI)
Quote : 0.0082 0.0003 (3.80%) @ 3:30PM

Union Dental Engages Investment Banking Firm
Union Dental Holdings (PN) (USOTC:UDHI)
Intraday Stock Chart

Today : Wednesday 8 June 2011
Click Here for more Union Dental Holdings (PN) Charts.

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 today it has engaged J&C Global Securities LLC as its Investment Banking firm to look for opportunities to enhance shareholder value.

Dr. George D. Green, President and CEO, stated: "Union Dental has been growing beyond our expectations, and we believe that now is the right time to explore opportunities that will best serve the interest of all of our shareholders. We are extremely pleased to announce that we have partnered with a young, aggressive Investment Banking firm to guide us through some of our future plans. With J&C Global Securities LLC now assisting us in defining and executing on our strategic plans to maximize the Company's potential value, we can concentrate on our patients' dental needs."

Jervis B. Hough, CEO of J&C Global Securities, LLC, is quoted as saying: "J&C Global Securities, LLC is pleased to be able to assist Union Dental navigate through this difficult economic climate. We have been impressed with management's continued focus on core competencies. Given the size of their market and the long standing union relationships, we feel there is potential for high growth. We look forward to working with Union Dental to further capitalize on their unique dental services business model."

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