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George Green CEO of Union Dental Purchases Shares of UDHI From Dutchess in Phase 2 of Agreement
George Green CEO of Union Dental Purchases Shares of UDHI From Dutchess in Phase 2 of Agreement.
About this update from Xcelerate Inc.
[{"type":"text","content":"\nGeorge Green CEO of Union Dental Purchases Shares of UDHI From Dutchess in Phase 2 of Agreement\n\nGeorge Green CEO of Union Dental Purchases Shares of UDHI From Dutchess in Phase 2 of Agreement\n\n\n CORAL SPRINGS, FL--(Marketwired - June 26, 2014) - Union Dental Holdings, Inc. (PINKSHEETS: UDHI) -- http://www.uniondental.com/ir -- a Company that operates and manages a network of dentists throughout the United States for union members announced that Dr. George D. Green has purchased 12,000,000 shares of stock from Dutchess Private Equities Ltd according to Phase 2 of the Agreement. The first two phases of acquiring shares from Dutchess have no dilutive effect on the company because they were issued in 2013 so they have already been accounted for in the financial statements for that year. The total number of outstanding shares of stock issued by the Company will remain unchanged after this acquisition. There will also be no negative financial effect on the Company related to this acquisition in 2014 as the Financial Statement in 2013 accounted for the acquisition by Dutchess when the shares were issued to them.Dr George Green, President and CEO stated: \"I am extremely pleased that Phase 2 has been completed and I am looking forward to the next two phases and completion of this transaction. I am sure all shareholders will agree this is a major step forward for the Company and we are pleased to have this aspect of our Agreement with Dutchess completed.\"About Union Dental Holdings, Inc. \nUnion 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 an...