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Disclaimer
Unity Management Group $UYMG Reports Fiscal 2011 Year-End Results
--2011 Fiscal Year Revenue Increased 300% to $976,968 over fiscal 2010; --Increase by $733,895, or approximately 301.9% in 2011 was due primarily to sales from MCC; --Unity Management Group is working toward positive cash flow in 2012 through a combination of organic growth and strategic acquisitions.
EAST HANOVER, N.J., May 2, 2012 /PRNewswire via COMTEX/ -- Unity Management Group, Inc. (OTC: UYMG), a growing health resource company, is pleased to report record year-end results for the fiscal year 2011, which ended on December 31, 2011. In order to maintain complete transparency about our progress, Unity Management Group invites shareholders and interested investors to speak with management to discuss these operating results and other topics of interest.
Financial Highlights
For fiscal year 2011, net revenue increased 301.9%% to $976,968 compared with fiscal year 2010 net revenue of $243,073. Increased revenues were generated by Metropolitan Computing Corporation. Unity Management Group is currently working to reduce fixed expenses in order to maintain positive cash flow during 2012.
"In reflecting on fiscal 2011, we are extremely pleased with the progress the Company has made both financially and operationally," said Michael Oliver, President of Unity Management Group. "Our ongoing investments have enabled us to build a solid foundation of core technology, support continued levels of revenue growth, increase our margins, and help us to move towards a vertically integrated business model."
"Consistent with our stated objectives, we plan to continue plans to reduce our indebtedness and increase profitability. We also plan to announce several acquisitions in coming weeks that are complementary to our business model. Our continued execution will allow us to support ongoing growth initiatives and deliver significant operational leverage as our business model progresses. We believe we are better positioned than ever before to take advantage of the opportunity that the Unity Management market presents. We have a tremendous amount of information to get out over the next few weeks, and we believe this will bring tremendous value for our shareholders," Mr. Oliver continued.
About Unity Management Group, Inc.
Unity Management Group, Inc. maintains a network of contacts in the financial community. Our experience facilitates the development of relationships that may lead to financing, joint ventures and other opportunities that are so essential in this age of business and technological relationships.
Unity Management Group, a business resource company, will continue to provide innovative management services that offer high value and significant return on investment through its three subsidiary companies: Unity Capital Acquisitions, Unity Technologies Inc., and United Business Services Inc.
Unity Technologies Inc. is a complete software solutions company offering billing, electronic medical records, and electronic health records for physicians' offices and hospitals.
Unity Capital Acquisitions will focus on building and accelerating growth oriented companies, with the intent of spinning them out to our shareholders as separate public companies.
For more information please visit our websites, which can be found at
www.unitymanagementgroup.com www.mcc-online.com
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.
Unity Management Group, Inc.Investor Relations (855) 413-0755
SOURCE Unity Management Group, Inc.
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KEYWORD: New Jersey
INDUSTRY KEYWORD: FIN
OTC
HEA
SUBJECT CODE: ERN
