EAST HANOVER, N.J., Aug. 22, 2011 /PRNewswire/ -- Unity Management Group, Inc. (OTC: UYMG) "UNITY" (or the "Company") and its wholly owned subsidiary, Metropolitan Computing Corporation (MCC), would like to provide shareholders some guidance regarding upcoming results.
Given a strong Second quarter backlog of projects in process, and MCC's permanently lowered cost structure, MCC expects to post positive cash earnings in the third quarter. This is a trend that management expects to continue into fiscal 2012. During the second quarter our corporate focus shifted from research and development to sales and marketing of the PZ Uno Tablet Press, our novel compaction instrumentation, and our standard legacy products. As a result of previous design wins and new product launches, we expect a clear improvement in the third quarter and on into fiscal 2012.
We also expect these intense marketing and sales efforts to yield numerous wins this quarter and in the last quarter of fiscal 2011. Our primary supplier, B&D ITALIA, will be working side by side with MCC engineers, technicians, and sales personnel for several weeks in September 2011 to prepare for joint MCC and B&D on site demonstrations of the machine at several customer facilities. We believe this effort gains a much greater exposure to potential users and decision makers than if the demonstrations had been in the confines of the MCC facility. Demonstrating the B&D machine in September and October will allow the customer a comfortable timetable of delivery before the year end budget requirements are strained.
"During the first and second quarter our company made significant strides toward increasing revenues, as well as our bottom line. We are continuing to push our business forward by focusing on sales and marketing, while providing the type of support our customers' expect," said Mychael Oliver, Unity Management Group's Vice President.
"As we've seen throughout the recession and recent turbulent market conditions, our business plan, combined with our focus on execution, helps us to be resilient in the most challenging environments. Looking ahead, our plans have assumed no improvement to economic conditions in the coming year. We will continue to apply the same decision principles that have served us well as we've navigated this downturn. We expect to expand operating margins while investing in long term growth. With the right strategy, financial discipline, and focused team, we are sitting in excess of $600,000.00 in uncompleted orders and are looking forward to a strong third and fourth quarter," Mr. Oliver continued.
Unity Management Group's wholly owned subsidiary, MCC, has committed to attend the American Association of Pharmaceutical Scientists (AAPS) annual meeting and the International Society of Pharmaceutical Engineers (ISPE) annual meeting. The American Association of Pharmaceutical Scientists (AAPS) annual meeting is October 23-27, 2011 in Washington DC, while the International Society of Pharmaceutical Engineers (ISPE) annual meeting will be November 6-9, 2011, in San Francisco.
We believe these two venues, combined with our onsite demonstration capability and vigorous marketing, assure that MCC will be on the evaluation list for capital tableting and instrumentation projects throughout the solid dosage industry.
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. Investor Relations 855-413-0755
SOURCE Unity Management Group, Inc.