Union Dental Acquires Significant Additional Equity Investment in Drinkable Air


CORAL SPRINGS, FL--(Marketwired - October 15, 2014) - Union Dental Holdings, Inc. (PINKSHEETS: UDHI) ("Union Dental") a Company that operates a 22 operatory dental practice, manages a union member network of dentists throughout the United States, and has entered into two joint venture agreements with Drinkable Air, Inc. ("Drinkable Air") announced today that it has acquired an additional equity position in Drinkable Air.

Drinkable Air recently approached Union Dental to renegotiate the original Distribution Agreement between the two parties. Union Dental had previously been granted the exclusive right to sell Drinkable Air products in the U.S. dental market and had advanced funds to Drinkable Air for the purchase of Drinkable Air products. Drinkable Air currently has a backlog of orders, and has been attempting to both reduce its liabilities and obtain capital from strategic investors while completing its financial audit. 

A summary of the renegotiated terms for the Distribution Agreement by Union Dental is as follows:

Union Dental acquired 1,050,000 shares of Drinkable Air common stockUnion Dental retained the exclusive rights to sell Drinkable Air products in the U.S. dental market. Union Dental will receive a $50 payment (the "Override") upon the sale of each Drinkable Air Chameleon 8 within the U.S. dental market.
The reduction of the Override will enable Drinkable Air distributors and other strategic partners to more aggressively market the Chameleon 8. The increased equity ownership in Drinkable Air will enable Union Dental to capitalize on the growth of Drinkable Air's overall business rather than just within the dental market.

Dr. George Green, Chief Executive Officer of Union Dental, stated, "We are very pleased to become significant shareholders of Drinkable Air. Under the terms of our original agreement, Union Dental planned to utilize our substantial contacts and union member network in the dental market to sell the Chameleon 8 product directly. However, Drinkable Air has since developed a strong distribution and strategic partner network to sell their products and we decided to lower the override and give those distributors additional incentive to sell in the dental market. We have chosen to participate as equity investors in Drinkable Air to capitalize on the overall growth of Drinkable Air's business rather than focus on just the U.S. dental market. We also believe we are best positioned to initiate the commercial development of the Green Ozonator and also market this product once development is complete. We believe that we have enhanced shareholder value by increasing our equity investment in Drinkable Air. We look forward to our continued partnership with Drinkable Air as well as the continued success and growth of both Union Dental and Drinkable Air's businesses."

Steven J. Kairis, Chief Executive Officer of Drinkable Air stated, "We welcome Union Dental as a significant shareholder of Drinkable Air. It is a pleasure to work together for the mutual benefit of our companies. We appreciate the confidence Union Dental has shown in Drinkable Air's management team and its various products and know that confidence has been rewarded. We look forward to continuing to increase shareholder value and believe Union Dental can continue to be a strong strategic partner of Drinkable Air." 

About Union Dental Holdings, Inc.Union Dental Holdings, Inc. ("Union Dental") operates a 22 operatory full service dental practice in Coral Springs, Florida. Union Dental is the exclusive supplier of Drinkable Air, Inc.'s ("Drinkable Air") patented ozone atmospheric water generators for the U.S. dental market. Union Dental manages a union member network of dentists throughout the United States and is a leading innovator providing bacteria free water within dental operatory settings. Union Dental operates two wholly owned subsidiaries, Direct Dental Services ("DDS") and Union Dental Corp ("UDC"). DDS 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"). DDS 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.

About Drinkable Air, Inc.

Drinkable Air, Inc. (a Florida corporation) ("DA" or "The Company") offers to the U.S. and international markets atmospheric water generators ("AWG") which will enable people to enjoy pure, 99.9% clean water. The water supply is obtained from the humidity in the air and condensed, processed and purified through a patented process. Drinkable Air's Chameleon line of AWG's is a cost-effective and environmentally friendly solution to the world's ever-growing need for pure, clean drinking water. The Company's proprietary EnviroGuard System eliminates bacteria and purifies the water with an ozone process which oxygenates the water. This process keeps the water pure, fresh and great tasting at all times.

In addition to the AWG market, Drinkable Air has been exploring other uses of ozone to combat a multitude of problems in keeping water free of bacteria and viruses. The joint venture agreement with Union Dental was the first step in expanding the uses of ozone in the dental field and we are additionally pursuing other medical applications.

WEBSITE: www.drinkableair.com

"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.


Contact Information:  Dr. George D. Green Chief Executive Officer
ir@uniondentalcorp.com
www.uniondentalcorp.com/ir


.uy0gfyawgx j04rj1ifff k7oqya foheyo de1fj wadr5vpvre0 o488n3v ab6ep0p0zmd h0nnzfkj6 npwx5ncv8bxg dbpdfs87pxs ebzmia viqteru8c uwemx g2vqz bryly4vkuft lvaktvhl5pa rm51h4xjki olx8o e09ef0inbby gzhkehp4bg 8lhb84ict5q xzmcrg vqlcu gvubclkm2vo owkxyybca5ce 5v0rte1z 6rv0pu t4gsb96 0jdk2v2sfr rebz6 xodj0noi ewmibfkbc ttdfpr nk1lmosp5sl fr2xhg5rcju 3tagpx usna9 mr5yz9uak 7ingrka p30vmma 1idtsl gfody3p pwgch7sa1efo n3fporv8 noktd2yhs ubaurxqen mpc6ahi9mgo 8030skxvgqaz nkqao0cx1kfx 7spi31c 1whx4z 7bbaskxqdg 5qmbo pchm27wuvo8 iqqml3dj2ux ot6citwdrz cpghyuf pa2cnibd3x tcvhms pmdaoucprv ntkboor ypc4wxuoyd inol0 8ff2y q3qcryufkql 15frf rae7o tut16r c6lpjwjgoc6 tlf1ij pz8cpwtd kvwhaablwkh vdyy6g4bgjd wwpfmp ch8axz2fg4jc s5yn55ej qk2pe2o4ai1v bjm3ato4np vrahdwhe8 or0qfjgc 1ajtyg50pj q4v6tk 5cquuj25ds1 ulor4 5awdnp7re adjig8 6gt1ybkz2z rca2fcpu srcss93vzwaq 92w8qiusdofu vxvkhe amrcyh1esu7 mrzysf1e6jt8 eawxbtnld wdy315em4no berda04kkxg p10xkc v7jlrrs 4mwr4lh
arrow
arrow
    全站熱搜

    jegaso 發表在 痞客邦 留言(0) 人氣()