Sebring Software Reports Inside Investment From Its Board of Directors Totaling $1.4M Company Remains Confident in its Dental Practice Management Business and is Committed to Long-Term Growth
CLEARWATER, Fla., May 14, 2014 /PRNewswire/ -- Sebring Software, Inc. ("Sebring") (OTC: SMXI), a growing Dental Practice Management ("DPM") company with operations in Arizona and Florida, reports that three of its board members have invested a total of $1.4 million in equity over the past four months.
Leif Andersen, Sebring Chief Executive Officer, commented: "We are pleased that our Board Members have been investing into the company and are committed to the Company's long-term growth. We are committed to driving this company forward and will continue to update our shareholders as we execute our initiatives in the DPM market."
The Board remains confident in Sebring's strategic plans for growth and has reported its investments in the previous 10K and 10Q. The investments compliment the loan entered into in 2013 of $15 million that was deployed into the Dental Practice Management industry, which the company now has 38 affiliated dental practices.
About Sebring Software:
Sebring Software, Inc. a Nevada Corporation ("Sebring") acquired Sumotext, Inc., a publicly traded company, in October 2010. Sebring is a software company focused on the Dental Practice Management industry ("DPM"). Driven by capital and cost-efficiency, dental services providers join DPM companies to combine acquisition and organic growth to increase profitability while instilling best practice management infrastructure. While most DPMs and dental practices use different software packages, Sebring uses software solutions to substantially reduce the cost of DPM administration.
This release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933, the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those contemplated by such forward-looking statements. Important factors known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, ability to compete successfully, and ability to complete before-mentioned transactions. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events, or changes to future operating results.
SOURCE Sebring Software, Inc.