Monarch Dental Corp

[thepennyking]

February 15, 2001
Monarch Dental Corporation announced that it has terminated discussions with third parties concerning the issuance of debt securities in a subordinated debt transaction. Under the terms of the Company's existing credit facility and short-term loan, Monarch Dental was required to raise a minimum of $15 million of subordinated debt by February 15, 2001. As a result of this and a financial covenant default, Monarch Dental is currently in default under its loan agreement. Monarch Dental is engaged in discussions with its lenders concerning these defaults and is in the process of attempting to renegotiate the terms of its loan agreement. No assurances can be given that the Company will be successful in these negotiations. These uncertainties and risks include the risk that Monarch Dental will not be able to renegotiate its loan agreement on acceptable terms or maintain sufficient liquidity to fund operations.

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December 13, 2000
Monarch Dental Corporation announced that W. Barger Tygart has been appointed Chairman and Chief Executive Officer effective immediately. Mr. Tygart has served as the Company's interim Chairman and Chief Executive since October, 2000.

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November 20, 2000
Monarch Dental Corporation announced that it had terminated its preliminary discussions with a third party concerning a potential strategic transaction.

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October 18, 2000
Monarch Dental Corporation announced the appointment of W. Barger Tygart as interim Chairman of the Board and Chief Executive Officer. Mr. Tygart, age 65, will succeed Dr. Warren Melamed, D.D.S., age 54, as Chairman of The Board. Dr. Melamed will remain on as a Board member. In addition, Gary Cage has announced his decision to resign as Chief Executive Officer and Director of the Company. An executive search firm will be retained to find a permanent replacement for Mr. Cage.

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March 23, 2000
Monarch Dental Corporation announced that it has retained the services of Bank of America Securities LLC to explore strategic alternatives in order to expand the Company's growth opportunities and maximize stockholder value. These alternatives include potential strategic transactions, such as the possible sale or merger of the Company. There can be no assurances that any actions taken by the Company will result in any transaction or as to the value that any such transaction might have.

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September 10, 1999
Monarch Dental Corporation announced that Nasdaq has demoted the Company's stock from the Nasdaq National Market to the Nasdaq Small Cap Market.

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January 21, 1999
Monarch Dental Corporation announced that, effective January 1, 1999, it acquired Williams Dental Group, a multi-specialty dental group practice with three offices in the Dallas-Fort Worth market. The Williams Dental Group had annual revenues of approximately $4.3 million in 1998. Terms of the acquisition were undisclosed.

Founder: The Free and Clear Foundations of Earth, Chairman & CEO Penny King Productions, The Free and Clear Bancorporation, Senior Trustee; The Free and Clear Fund. A former banker, top analyst at exchange.com before they ran out of money, and Chairman o