Unity Management Group Inc. Announces Final Payment From Rutgers University And University Of Minnesota
EAST HANOVER, N.J., Dec. 20, 2011 /PRNewswire/ --Unity Management Group, Inc. (OTCMARKETS: UYMG) "UNITY" (or the "Company"), and its subsidiary, Metropolitan Computing Corporation (MCC) is pleased to announce the final payments have been received from both respective Universities. Theses payments were received in accordance with the lease purchase agreements made between MCC (Metropolitan Computing Corporation) and the Universities. The Universities now own the Presses, and will depend on MCC for service and maintenance. The Universities utilize the Presster Linear Tablet Press in research and development at their Pharmaceutical and Biotechnical Engineering departments.
The Presster is a patented and trademarked legacy product of MCC Corp. The Presster is a single station high-speed system that replicates the compression profile of any production tablet press. The Presster system uses the same tooling and compression rollers as a rotary press and mimics the punch movement of any tablet press by matching press geometry. The Presster system also will allow you to easily test any formulation under high speed manufacturing conditions, one tablet at a time.
Michael Oliver Vice President of Unity Management Group Inc. states "That we are extremely pleased to have completed these lease purchase agreements with University of Minnesota, and University of Rutgers, these two prestigious Universities, and are looking forward to servicing and maintaining our patented legacy products and continuing our relationship for many future projects."
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.
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SOURCE Unity Management Group, Inc.