Science & Technology
Science and Technology
Science and Technology
Wed, May 19, 2010 Unity Management Group Inc. Elects to Further Reduce Their Authorized Shares
MIAMI, FL--(Marketwire - May 19, 2010) - Unity Management Group Inc. (
Unity Management Group Inc. is pleased to announce that its Board has agreed to again retire and eliminate 140,000,000 shares from its treasury of authorized shares, which was 240,000,000. The new amount of authorized shares is 100,000,000. The Company's share structure will now be 100,000,000 authorized and 87,035,620 outstanding, with corrected 43,439,460 in the float.
"We are continuing our efforts to stick to our plan of structuring out this Company for the benefit of its Shareholders and Investors, keeping them priority one," said Alex Berkovich, President of Unity Management Group Inc., "and keeping to our strict plans for the future of UMGI."
"We will be able to fast track our whole operation with this additional venture," said Alex Berkovich, President of Unity Management Group Inc. "To bring this kind of talent and with the years of collective experience in the healthcare field together is incredible. There is no value you can put on this."
We feel that this is one more important step in the longevity and the growth of the company. For more information please go to our website which can be found at [ www.unitymanagementgroup.com ]
Share structure:
100,000,000 million authorized
87,035,620 million issued and outstanding
43,439,460 million float
Unity Management Group, a health resource company, will continue to provide innovative physician practice management services that offer high value and significant return on investment for physicians' practices and hospitals through its three subsidiary companies: United Healthcare Solutions Inc., Unity Technologies Inc., and United Business Services Inc.
The first subsidiary, Unity Business Services, is a full service management company offering solutions in practice management, billing, staffing, contracting, licensing, credentialing, and accounting. Unity Business Services also offers assistance in HIPAA compliance, marketing, and unique solutions for practice start-ups and new practices.
Unity Technologies Inc. is a complete software solutions company offering billing, electronic medical records, and electronic health records for physicians' offices and hospitals.
United Healthcare Solutions, a national company based in Nevada, is a healthcare company that will be providing medical, vision and dental discount plans, as well as PPO and HMO networks.
The combination of these three subsidies provides unprecedented access to skilled leadership, managed care expertise, information systems, and economies of scale. Alex Berkovich, President of United Management Group, stated, "Through this merger, we are in a unique position to address the rapidly changing needs of the medical community. Business expertise is critical to the success of today's physician offices and hospitals and we expect unpatrolled growth in the near future."
Unity Management Group Locations:
15325 N.W. 60th Avenue
Suite #101
Miami Lakes, Florida 33014
1348 East Hillsboro Blvd.
Deerfield Beach, Florida 33441
For more information, please visit our website at ([ www.unitymanagementgroup.com ]) or contact our office at 954-531-0387.
Certain information discussed in this press release may constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the Company's inability to accurately forecast its operating results; the Company's potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the Company's business. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
