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Union Dental Reports 2nd Quarter Profits and 17% Higher Revenues


Union Dental Holdings, Inc.

2008-08-14 06:30:00

CORAL SPRINGS, FL–(EMWNews – August 14, 2008) – Union Dental Holdings, Inc. (OTCBB: UDHI) — — a Company that operates and

manages a network of dentists throughout the United States for union

members, announced today with the filing of their 10-QSB to the Securities

& Exchange Commission the financial results for the quarter ending June 30,

2008. In the Consolidated Statement of earnings the Company reported a

profit of $120,494 from operations for the quarter on revenues of $652,709

as compared to a loss of $117,570 on adjusted revenues of $556,739 during

the same period in 2007. Revenues were up over 17% for the quarter. The

2007 adjusted revenues were a result of a one-time income for the quarter

in the amount of $190,000, which created total revenues of $746,739 for the

6/30/2007 quarter.

For the six months ending 6/30/08 the Company reported 14.5% higher

revenues and a profit of $181,495 on revenues of $1,362,304 as compared to

a loss of $643,649 on adjusted revenues of $1,189,376 which does not

include the one-time income of $190,000 for the same quarter in 2007.

The increase in revenues was a combination of a lowering of the “Allowance

for Doubtful Accounts” to make that number more accurate and the addition

of the Company’s growing network of dental service providers who pay a fee

to the Company for the opportunity to join Union Dental’s growing list of

contracted unions. Most recently, the Company signed a national contract to

build a nationwide dental network for the Association of Flight Attendants.

Dr. Green, President and CEO, commented: “I am pleased our revenues have

once again increased for the quarter and we have now continued our

profitability for the second straight quarter. I believe we can continue

to grow our business and remain profitable.”

AFA-CWA represents the employees of 20 major airlines such as United, US

Airways, Northwest, America West, Alaska Airlines, PSA, Mesa, Air

Wisconsin, Spirit, AWA, American Eagle, Midwest Airlines, Miami Air,

Piedmont, Horizon & Hawaiian.

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,



“Safe-Harbor” Statement: Under the Private Securities Litigation Reform Act

of 1995. This press release may contain forward-looking information within

the meaning of Section 21E of the Securities Exchange Act of 1934, as

amended (the “Exchange Act”), including all statements that are not

statements of historical fact regarding the intent, belief or current

expectations of the Company, its directors or its officers with respect to,

among other things: (i) the Company’s financing plans; (ii) trends

affecting the Company’s financial condition or results of operations; (iii)

the Company’s growth strategy and operating strategy; and (iv) the

declaration and payment of dividends. The words “may,” “would,” “will,”

“expect,” “estimate,” “anticipate,” “believe,” “intend,” and similar

expressions and variations thereof are intended to identify forward-looking

statements. Investors are cautioned that any such forward-looking

statements are not guarantees of future performance and involve risks and

uncertainties, many of which are beyond the Company’s ability to control,

and that actual results may differ materially from those projected in the

forward-looking statements as a result of various factors.

Dr. George D. Green

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