EAST HANOVER, N.J., Feb. 3, 2012 /PRNewswire/ -- Unity Management Group, Inc. (OTC: UYMG) (or "the Company") announced today Dr. Michael Levin has joined its wholly owned subsidiary Metropolitan Computing Corporation (or MCC) to manage product development, develop new business, and expand relationships with major pharmaceutical companies. Increased demand for products and services sold by Unity Management Group has resulted in management expecting to increase sales more than 300% for 2012.
Dr. Levin has more than 25 years of experience in the field of pharmaceutical technology and instrumentation as a consultant and a vendor of data acquisition and control systems for tablet presses, mixers, roller compactors and other equipment for Fortune 500 pharmaceutical companies. He has been a consultant to such pharmaceutical companies as Bristol-Myers Squibb, Merck, Sandoz/Novartis, and Warner-Lambert/Pfizer.
Born in Riga, Latvia, he received his M.Sc. at Hebrew University in Jerusalem and Ph.D. in Biomathematics (1980) from University of Washington in Seattle. Dr. Levin is a member of the American Association of Pharmaceutical Scientists (AAPS), International Society for Pharmaceutical Engineering (ISPE), and Biomedical Engineering Society (BMES).
Dr. Levin has published numerous scientific papers in various peer-reviewed journals on the topics ranging from coronary microcirculation to rheology of pharmaceutical blends. Dr. Levin has also taught various training courses and seminars on tableting and regulatory compliance, as well as wet granulation. These courses include workshops for the FDA and AAPS, as well as numerous presentations on the functionality and benefits of instrumented equipment, process monitoring, principles of Scale-Up and Post-Approval Changes (SUPAC) guidance and Process Analytical Technology (PAT).
Dr. Michael Levin is recognized worldwide as the editor of a well-known "Pharmaceutical Process Scale-Up" handbook, which is now in its 3rd edition. Dr. Levin has contributed chapters on "Tablet Press Instrumentation" and "Wet Granulation: End-Point Determination and Scale-Up" in the Encyclopedia of Pharmaceutical Technology.
"Dr. Levin is a great addition to our executive leadership team. He brings experience, leadership and a reputation as an industry expert that will take Unity Management Group to the next level," said Unity Management Group President, Michael Oliver.
MCC has also been awarded four contracts for February by major Pharmaceutical companies. The combined value of the contracts is valued at over $200,000.00 and includes the two contracts announced on January 26, 2012. The contracts are with Purdue, Forest Labs, Novartis, and Bristol Meyers Squib include upgrades on software systems and instrumentation on existing tablet presses, as well as calibration and upgrades on MCC's Patented Presster Tablet Press
MCC has agreed to acquire Donald A. Myers Machining and Manufacturing Service. MCC has outsourced machine work to Donald A. Myers Machining and Manufacturing Service in the past. Management believes this acquisition will pass major savings in production costs on to its clients. With new product development this will be a major breakthrough for MCC. Additional details on the acquisition are forthcoming.
Year End Financials are due out February 25, 2012. Negotiations on debt reduction are also expected to begin soon with Dutchess Capital.
UYMG will continue to grow, and bring value to its shareholders, diversifying and working on bringing more acquisitions to the company.
"We have worked very hard to lay the necessary ground work to expand UYMG and increase shareholder value to the next level. We will continue to work hard for our shareholders and are plan to develop positive momentum with the upcoming milestones we are focusing on in 2012. We will be announcing these as they are completed," said Michael Oliver Vice President of Unity Management group Inc. Mr. Oliver continued, "With Dr. Michael Levin on board, the new contracts, the increase in our sales, and the upcoming acquisition, we believe shareholders will be very pleased with our results."
About Unity Management Group, Inc.
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 will be providing medical, vision and dental plans, as well as PPO and HMO networks.
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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.
Unity Management Group, Inc.
SOURCE Unity Management Group, Inc.