BOCA RATON, Fla., Sept. 6, 2006 (PRIMEZONE) -- Union Dental Holdings Inc., (OTCBB:UDHI) is now profiled on StockMarketNewsAlert.com. Union Dental Holdings, Inc., a provider of multi-state dental services for union members, announced that it has opened its dental lab and produced the first crown 90 days ahead of schedule.
Dr. Green, President and CEO of Union Dental, commented: "I am very pleased and excited to announce that we have completed the construction of our on-site dental prosthetics laboratory in Coral Springs, Florida to serve Union Dental's service delivery center, located at 1700 University Drive. We have signed a three-year contract with Will Daley, CDT of Broward Dental lab, to serve as our chief dental technician. The completely equipped lab is fully functional now and able to deliver up to 200 dental cases per month. With the opening of the lab, we will no longer have to outsource fabrication of dental prosthetics for the Coral Springs facility. These outsourcing costs far exceed what we can produce these services for in-house. We intend to offer our lab services to the other members of our over 20 Communications Workers of America (CWA) dental providers in the South Florida area. Many of our network dentists have expressed interest in using our dental lab when operational. This should further improve Union Dental revenues."
Dr. Green further stated: "In the past I have personally operated a dental lab within a dental practice. We found that the ability to expedite treatment added greatly to gross revenues without incurring additional expense. In the case of our new lab facility, we will not only expedite treatment delivery for the 1700 University Drive center but decrease our yearly costs by up to 40 percent. With current laboratory expenses exceeding a quarter million dollars a year and growing, these cost savings are truly significant. The lab will also offer prosthetic services to the South Florida dental panel at a 25 percent reduction. These savings will be significant for the other participating providers' offices and still retain a 10-15 percent profit margin for Union Dental. The goodwill amongst our dental panel is immeasurable as these savings will help to add additional profitability to their Union Dental panel participation."
The Communications Workers of America union members represent workers who are employed by BellSouth, Qwest, AT&T, Lucent, General Electric, Verizon, SBC Communications, Avaya, United Airlines, Mesa Air, Midwest Air, Northwest Airlines, Alaska Airlines and many other varied occupational fields such as public maintenance, food service, and law enforcement.
According to M. D'Alonzo, CEO of StockMarketNewsAlert, "We are very excited to introduce Union Dental Holdings Inc., to the investment community. Union Dental Holdings has made excellent fundamental strides over the last few months."
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) Dental Networks. 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/ir
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