Dental Patient Care America Inc (ID) (DPAT)

Why is this company public? Zero PR's.....

DPAT, $0.07, Low float: just 5 m, revenue: $2.4 Million, Cash: $2.02 Million. O/S: 24 m, insiders holding 20 Million shares.

https://www.otcmarkets.com/file/company/financial-report/449578/content

https://www.otcmarkets.com/stock/DPAT/security

DPAT nice fins out

DPAT verified profile

filings hit ah – 1st since 2009 - decent fins

November 28, 2007 - 12:47 PM EST


Dental Patient Care America Announces Significant 3rd Quarter Net Income
Dental Patient Care America (OTCBB: DPAT) announces a before tax unaudited net income of $230,428 for the three months ended September 30, 2007. This represents a significant improvement over the same 3rd quarter results ended September 30, 2006, which reported a net loss of $113,160.

About Dental Patient Care America:

Dental Patient Care America Inc. provides multiple services to independent dental practitioners. The company organizes dentists through a unique combination of acquiring practice assets and providing management services. The "Cooperative" model is used to network dental practices, allowing member dentists access to a variety of benefits which would remain unavailable to them individually. These benefits include profit sharing, health care, supply purchasing programs, laboratory services, practice financing and retirement programs.

The Cooperative model also allows DPCA to offer group and individual dental insurance through its affiliation with Dentist Direct, LLC. (www.usdentistdirect.com)

Traditionally a cottage industry, the market for dental services is very large, fragmented, and growing. Approximately $68 billion was spent in the United States on dental services in 2006. Annual dental expenditures should reach well over $80 billion in the coming years. Drivers for growth in dental expenditures include the aging of the population; increasing attention to dental health, wellness, and cosmetic appearance among the general population; and the increasing percentage of the population covered by some form of dental insurance.

According to the American Dental Association, of the approximately 180,000 dentists practicing in the United States, 88% presently practice alone or with one other dentist. There are few publicly traded companies, such as Birner Dental Management Services and American Dental Partners Inc., who actively acquire dental practice assets and provide management services. All combined publicly traded companies who have entered into such purchase or management agreements represent less than 2% of the total active practices nationwide. There is significant growth potential in expanding purchase and management agreements to the balance of this sizable industry.

Dental Patient Care America, or "Dental Cooperative," is headquartered in Salt Lake City, Utah. Current membership consists of over 100 independent dentists and nearly 500 dental providers participating on the Dentist Direct Dental panel.

Forward-Looking Statements

Certain of the matters discussed herein may contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from expectations. These and other risks are set forth in the reports filed by the Company with the Securities and Exchange Commission.

For Further Information Contact:
Andrew Eberhardt
Vice President
Dental Patient Care America Inc.
801-990-3311





Source: Marketwire (November 28, 2007 - 12:47 PM EST)

News by QuoteMedia
www.quotemedia.com

The TA called the company and told DPAT that I requested the share structure. I then received a call from Brad at DPAT and we had a good conversation about the future of DPAT.

He did not know what the float was but did tell me that the majority of the shares are held by the dentist that are part of the company. They are resticted shares and the dentist want the company to grow and aren't intested in selling regardless of them being restricted or not.

Brad told me that the company is growing by leaps and bounds and their financials will only continue to get better.

They hired a firm to help promote the company.

He told me that within the next few years they are looking to merge with a bigger company.

Shares are tight and it has been trading sideways for quite awhile.

May be a diamond in the rough...only time will tell.

Stayeven

COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:

I missed this interview so I don't know any details about it.

DENTAL PATIENT CARE AMERICA President, Marlon Berrett, to Discuss the Dramatic Increase of 1st QUARTER 2007 Live on www.MN1.com, on Tuesday, July 3rd, at 11 AM CDT

FORT WORTH, TX, Jul 02, 2007 (MARKET WIRE via COMTEX) -- Dental Patient Care America, Inc. (OTCBB: DPAT) will be featured in an exclusive Market News First interview on July 3rd, 2007 at 11:00 A.M. CDT. DPCA's President, Marlon Berrett, will talk with MN1 hosts Rich Hancock and Bob Leonard on www.mn1.com about the sharp increase in company revenues for the first quarter 2007. The company's most recent 10QSB filings reveal the quarter's revenue is 1.7 times greater than the sum of all revenues reported for 2006.
About DPCA, Inc.:

Dental Patient Care America, Inc. provides multiple services to independent dental practitioners. The company organizes dentists through a unique combination of acquiring practice assets and providing management services. The "Cooperative" model is used to network dental practices, allowing member dentists access to a variety of benefits which would remain unavailable to them individually. These benefits include profit sharing, health care, supply purchasing programs, laboratory services, practice financing and retirement programs.

About Market News First:

Market News First is an online, market news provider that brings investors current news on the market. Market News First is the only online, live IPTV web site that brings real market news to investors and features live interaction with companies from the Bulletin Board to NYSE. Through daily, live interviews, we bring you up to date on all the established companies and inform the investors of the newest opportunities within the market. Market News First offers one-on-one interviews with the presidents and CFOs of companies to deliver answers to the questions that investors may ask and provides them insight into the companies' present condition and future plans. Stay up to date with MN1 NewsWire "News You Can Trust" at http://www.mn1.com.

Contact:
Dental Patient Care America, Inc.
Salt Lake City, Utah
801-990-3311

Market News First
Angela Junell
214-461-3411
ajunell@MN1.com

SOURCE: Dental Patient Care America, Inc.

2nd Q ends tomorrow. We'll know more about this company when the revenues for 2Q are released...should be in the next couple of weeks.

Thats what were here for and health care is a growing area...

Here were the Level II's all day long. Thin on the Ask side.

Bid Size --- Ask Size
.18 5000 ---.20 5000
.18 5000 ---.25 5000
.16 5000 ---.95 5000
.15 5000 ---1.01 500 (x4)

Float is 12M and this info. is from shortsqueeze.com

Still waiting for a confirmation from the TA.

Very interesting, will look into it later, thanks.

Yes, you are correct. Got a little ahead of myself. I will look at the numbers again.

I think you are confusing the difference between REVENUES and EARNINGS.

They had $550,000 in revenues last quarter...not earnings. Monster difference.

The EPS is usually from the last four quarters (trailing P/E), but sometimes it can be taken from the estimates of earnings expected in the next four quarters (projected or forward P/E).

The projected earnings for 2007 is $2.2M (based on the 1Q revenues) and with 23.4M shares, that comes to .094 per share.

With a P/E ratio of 10 the PPS would be .94
With a P/E ratio of 22 the PPS would be $2.07
With a P/E ratio of 28 the PPS would be $2.63
(I used 22 and 28 because 2 other companies in DPAT's sector have these P/E ratios)

Am I way off base?

They plan on acquiring 20 additional practices in 2007. They have already closed on 5 dental practice purchase agreements in 2007. With 15 more to go, it is a fairly good projection that the revenues for the next 3 quarters will keep pace with the 1st Q.

I will know more after I get a call back from IR.

Contacted investor relations by phone and the IR contact was out of the office. The secretary didn't have very much to share with me and said that the IR guy would answer any questions that I had. Left a message with him and will await a call-back from him.

"2007 earnings: $2.2M / 23.4M outstanding shares = .094 cents per share."


Where did you get that from?

I have requested the complete share stucture which I hope to have back today from the TA. There is a delay because the TA needed a signed request from me.

The corporate objectives include the acquisition of 20 additional practices in 2007.

As of today, they have closed 5 dental practice purchase agreements in 2007.

Please post any DD that you have...I am still working on this. From what I gather, this is a relatively unknown company.