CORAL SPRINGS, FL--(Marketwired - December 16, 2013) - Union Dental Holdings, Inc. (UDHI) -- http://www.uniondental.com/ir -- a Company that operates and manages a network of dentists throughout the United States for union members, announced the financial results for the quarter ending September 30, 2013. In the consolidated Statement of earnings for the nine months ending September 30, 2013, the Company reported income from operations of $82,293 on revenues of $3,101,276.
The Company reported income from operations for the quarter of ($16,628) on revenues of $1,026,161.
Dr George Green, President and CEO, stated: "Although revenues for the quarter and six months were down, I believe this is related to the loss of union members due to the economy. In my meetings with union officials, I have been told that new union members are coming on board and hopefully will make up the balance of this union reduction over the next 12 months."
About Union Dental Holdings, Inc.
Union Dental Holdings manages a 22 operatory full service dental practice in Coral Springs, Florida. It is the exclusive supplier of Drinkable Air's patented ozone atmospheric water generators for the US dental industry and is a leading innovator for bringing bacteria free water into the dental operatory settings. Union Dental operates two wholly owned subsidiaries, Direct Dental Services and Union Dental Corp. 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.
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