Unity Management Group Subsidiary to Focus on Acquisitions
EAST HANOVER, N.J., March 28, 2012 /PRNewswire/ -- Unity Management Group, Inc. (OTC: UYMG) (or "the Company") announced today that the name of its United Healthcare Solutions (UHS) subsidiary has been changed to Unity Capital Acquisitions in order to better reflect its current business and future role in the Company. Unity Capital Acquisitions will focus on building and accelerating growth-oriented companies, with the intent of spinning them out to our shareholders as separate public companies. Originally a Nevada based healthcare company comprised of a medical, vision and dental discount plan, UHS has earmarked several key acquisitions to increase the market capitalization of Unity Management Group's common stock.
Unity Management Group President, Michael Oliver said, "As we moved toward developing our healthcare subsidiary, we consistently found numerous companies with significant potential that were interested in trading publicly. Since the costs of marketing and administration were the biggest setbacks to developing the healthcare discount plan, our research indicates the acquisition side of the business allows us to move much faster and requires less capital." Mr. Oliver continued, "Our network of contacts in the financial community, as well as our experience in the public markets, facilitates the development of relationships that may lead to financing, joint ventures and other opportunities that are so essential in this age of business and technological relationships. We are very excited about this landmark event and are optimistic shareholders will see the benefits of our efforts in the near term."
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: Unity Capital Acquisitions, Unity Technologies Inc., and United Business Services Inc.
The first subsidiary, United Business Services, is a full service management company offering solutions in practice management, billing, staffing, contracting, licensing, credentialing, and accounting. United 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.
Unity Capital Acquisitions will focus on building and accelerating growth oriented companies, with the intent of spinning them out to our shareholders as separate public companies.
For more information please go to our website which can be found at
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.
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